Shares of Yamana Gold (AUY) saw unusually high trading volume on Monday. Approximately 9,663,301 shares changed hands during mid-day trading, an increase of 3.16% from the previous session. The stock last traded at $12.45.
Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Yamana Gold in a research note to investors on Thursday, March 31st. Also, analysts at Credit Suisse (NYSE: CS) upgraded shares of Yamana Gold from a neutral rating to an outperform rating in a research note to investors on Friday, January 7th. They now have a $15.00 price target on the stock.
Yamana Gold Inc. (Yamana) is a Canada-based gold producer engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Company has significant properties involved in gold production, and other precious metal production, development, exploration and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico. In July 2009, Calibre Mining Corp. announced the purchase of an undivided 100% interest in the NEN Gold Copper Project (NEN Project) from Yamana Gold Inc. The NEN Gold Copper Property is a district scale land package of 70,976 hectares (710 square kilometers) of mining and exploration concessions.
Yamana Gold has a 52 week low of $9.16 and a 52 week high of $13.43. The stocks 50-day moving average is $12.58 and its 200-day moving average is $11.95. The company has a market cap of $9.273 billion and a price-to-earnings ratio of 21.16.
Yamana Gold last announced its quarterly results on Wednesday, February 23rd. The company reported $0.23 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.20 EPS by $0.03. During the same quarter in the prior year, the company posted $0.14 earnings per share. The companys quarterly revenue was up 33.8% on a year-over-year basis. On average, analysts predict that Yamana Gold will post $0.24 EPS next quarter.
