BMO Capital Markets Reaffirms Buy Rating for Yamana Gold (TSE:YRI)

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BMO Capital Markets has restated its buy rating on the shares of Gold Yamana (IS: YRIGet a rating) (NYSE: AUY) in a research report released Tuesday morning. They currently have a CA$7.00 target price on the stock.

A number of other research firms have also weighed in on YRI recently. Berenberg Bank reaffirmed a buy rating and set a target price of C$690.00 on Yamana Gold shares in a research note on Thursday, July 7. Eight Capital raised its price target on Yamana Gold shares from C$10.00 to C$10.75 and gave the stock a buy rating in a Thursday, April 21 research note. National Bankshares cut Yamana Gold shares from an outperform rating to a tender rating and lowered its price target for the stock from C$9.25 to C$7.20 in a note. research on Wednesday, June 1. Canaccord Genuity Group downgraded Yamana Gold shares from a hold rating to a buy rating and raised its share price target from C$7.50 to C$10.50 in a note. research on Wednesday, June 8. Finally, Cormark raised its price target on Yamana Gold shares from C$7.10 to C$7.15 in a research note on Tuesday. Two equity research analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the stock currently has a moderate buy consensus rating and a consensus target price of C$60.12.

IS YRI opened at C$6.12 on Tuesday. The company’s fifty-day moving average price is C$6.60 and its two-hundred-day moving average price is C$6.39. The stock has a market capitalization of C$5.88 billion and a PE ratio of 32.53. Yamana Gold has a fifty-two week low of C$4.78 and a fifty-two week high of C$8.05. The company has a debt ratio of 14.72, a quick ratio of 1.27 and a current ratio of 2.11.

Gold Yamana (IS: YRIGet a rating) (NYSE:AUY) last reported results on Wednesday, April 27. The company reported earnings per share of C$0.11 for the quarter, beating analyst consensus estimates of C$0.09 by C$0.02. The company had revenue of C$559.77 million for the quarter. As a group, sell-side analysts expect Yamana Gold to post earnings per share of 0.29 for the current fiscal year.

Yamana Gold Company Profile (Get a rating)

Yamana Gold Inc, together with its subsidiaries, operates as a producer of precious metals. It has gold and silver production, development-stage properties, exploration properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The company was previously known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

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