Shares of Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) reached a new 52-week low on Thursday . The company traded as low as C$3.58 and last traded at C$3.61, with a volume of 2262499 shares changing hands. The stock had previously closed at C$3.74.
A number of equities analysts have issued reports on YRI shares. National Bank Financial upgraded Yamana Gold from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from C$6.00 to C$5.75 in a report on Tuesday, April 10th. Canaccord Genuity cut their price target on Yamana Gold from C$6.00 to C$5.75 in a report on Monday, May 28th.
Get Yamana Gold alerts:Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported C$0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.01. The firm had revenue of C$568.48 million for the quarter. Yamana Gold had a negative return on equity of 17.87% and a negative net margin of 41.69%.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Shareholders of record on Friday, June 29th were issued a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, June 28th.
About Yamana Gold
Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
Further Reading: Are Wall Street analysts’ stock ratings worth following?
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