Shares of Yamana Gold (NYSE: AUY) saw unusually high trading volume on Tuesday. Approximately 743,402 shares changed hands during mid-day trading, an increase of -92.97% from the previous session. The stock last traded at $11.69.
On a related note, 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. Separately, analysts at Zacks Investment Research reiterated a neutral rating on shares of Yamana Gold in a research note to investors on Wednesday, December 29th.
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 (NYSE: AUY) traded up 0.52% during mid-day trading on Tuesday. The stock has a 52 week low of $9.16 and a 52 week high of $13.13. Its 50-day moving average is $12.22 and its 200-day moving average is $10.95. The company has a market cap of $8.582 billion and a price-to-earnings ratio of 26.67.
