The Materials sector company, Yamana Gold (YRI), has received a rating update from a Wall Street analyst yesterday. Desjardins’ analyst Josh Wolfson reiterates their Hold rating on the shares, with a C$3.50 price target.
According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.3% and a 55.4% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
Yamana Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$4.39, implying a 50.6% upside from current levels. In a report issued on April 17, GMP FirstEnergy also downgraded the stock to Hold.
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Based on Yamana Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$81.09 million. In comparison, last year the company had a GAAP net loss of C$202 million.
Yamana Gold, Inc. is a Canadian-based company, which produces gold, silver and copper. It operates through the following segments: Chapada, El Peñón, Canadian Malartic, Jacobina, Minera Florida, Gualcamayo, Brio Gold, and Corporate & other. The company was founded on February 7, 1995 and is headquartered in Toronto, Canada.
The company’s shares closed on Tuesday at C$2.92, close to its 52-week low of C$2.66.
