National Bank Thinks Yamana Gold’s Stock is Going to Recover


According to The Fly, national Bank analyst Don DeMarco maintained a Buy rating on Yamana Gold (AUY) today. The company’s shares opened today at $2.18, close to its 52-week low of $2.11.

According to TipRanks.com, DeMarco is a 1-star analyst with an average return of -1.8% and a 31.3% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, SilverCrest Metals Inc, and First Majestic Silver.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Yamana Gold with a $3.75 average price target.

See today’s analyst top recommended stocks >>

Based on Yamana Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $81.3 million. In comparison, last year the company had a net profit of $43.5 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Yamana Gold, Inc. is a gold producer company, which engages in the production, development, and exploration of gold properties and land positions. It operates through the following segments: Chapada, El Peñón, Canadian Malartic, Jacobina, Minera Florida, Gualcamayo, Brio Gold, and Corporate and Other.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts