Jason Leblanc Sells 50,000 Shares of Yamana Gold Inc. (TSE:YRI) Stock

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) Senior Officer Jason Leblanc sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of C$9.08, for a total transaction of C$454,000.00. Following the completion of the transaction, the insider now directly owns 116,086 shares in the company, valued at approximately C$1,054,060.88.

TSE:YRI traded up C$0.14 on Friday, hitting C$8.70. The stock had a trading volume of 3,380,247 shares, compared to its average volume of 4,921,479. Yamana Gold Inc. has a 1 year low of C$3.11 and a 1 year high of C$9.21. The firm’s fifty day simple moving average is C$7.42 and its two-hundred day simple moving average is C$6.11. The company has a debt-to-equity ratio of 30.17, a quick ratio of 0.58 and a current ratio of 1.11. The stock has a market cap of $8.28 billion and a P/E ratio of 30.10.

Yamana Gold (TSE:YRI) (NYSE:AUY) last released its earnings results on Thursday, April 30th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.03. The business had revenue of C$478.58 million during the quarter. Equities research analysts predict that Yamana Gold Inc. will post 0.27 EPS for the current year.

Several brokerages have recently commented on YRI. National Bank Financial increased their price objective on Yamana Gold from C$8.25 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, July 22nd. Canaccord Genuity upped their price target on Yamana Gold from C$9.50 to C$10.00 in a report on Tuesday, July 21st. Finally, Eight Capital raised their price objective on Yamana Gold from C$8.00 to C$10.00 in a research note on Monday, July 20th.

Yamana Gold Company Profile

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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