Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Yamana Gold (AUY) on January 14 and set a price target of C$11.00. The company’s shares closed last Wednesday at $4.66.
According to TipRanks.com, MacRury is a 5-star analyst with an average return of 16.8% and a 63.1% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Golden Star Resources, and Osisko Gold Royalties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yamana Gold with a $7.11 average price target, a 59.1% upside from current levels. In a report issued on January 27, Berenberg Bank also maintained a Buy rating on the stock with a p560.00 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 revenue of $462 million and net profit of $103 million. In comparison, last year the company earned revenue of $384 million and had a net profit of $14.6 million.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AUY in relation to earlier this year.
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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.