In a new note to investors yesterday, an analyst has provided a rating update for Yamana Gold (YRI). Analyst Carey MacRury from Canaccord Genuity reiterated a Buy rating, with a C$5.50 price target.
According to TipRanks.com, MacRury is a 4-star analyst with an average return of 7.6% and a 63.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Yamana Gold has an analyst consensus of Strong Buy, with a price target consensus of C$4.97, representing a 43.6% upside. In a report issued on March 21, National Bank also maintained a Buy rating on the stock with a C$5 price target.
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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 Thursday at C$3.46.
