RBC Capital analyst Josh Wolfson maintained a Hold rating on Yamana Gold (AUY) yesterday and set a price target of $7.50. The company’s shares closed last Tuesday at $5.80.
According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 8.6% and a 61.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Kirkland Lake Gold, and Newmont Mining.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yamana Gold with a $6.86 average price target, implying a 14.3% upside from current levels. In a report issued on July 27, Scotiabank also maintained a Hold rating on the stock with a $5.50 price target.
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The company has a one-year high of $7.02 and a one-year low of $2.23. Currently, Yamana Gold has an average volume of 19.16M.
Based on the recent corporate insider activity of 62 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.
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