Yamana Gold (TSE:YRI) Stock Crosses Below 200 Day Moving Average of $5.60

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.60 and traded as low as C$5.07. Yamana Gold shares last traded at C$5.18, with a volume of 2,418,012 shares traded.

Several research analysts have recently issued reports on YRI shares. Cormark decreased their price target on Yamana Gold from C$7.75 to C$7.50 and set a “sector perform” rating for the company in a research note on Thursday, July 22nd. National Bankshares decreased their price target on Yamana Gold from C$7.75 to C$7.25 and set an “outperform” rating for the company in a research note on Friday, September 10th. National Bank Financial decreased their price target on Yamana Gold to C$7.25 and set an “outperform” rating for the company in a research note on Friday, September 10th. Credit Suisse Group set a C$5.22 price target on Yamana Gold in a research note on Wednesday, July 21st. Finally, Canaccord Genuity increased their price target on Yamana Gold from C$9.00 to C$9.50 and gave the stock a “buy” rating in a research note on Thursday, August 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$8.05.

The firm has a market capitalization of C$5.23 billion and a PE ratio of 25.64. The company has a debt-to-equity ratio of 19.77, a current ratio of 1.71 and a quick ratio of 1.27. The firm has a fifty day moving average price of C$5.30 and a 200 day moving average price of C$5.60.

Yamana Gold (TSE:YRI) (NYSE:AUY) last announced its earnings results on Thursday, July 29th. The company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.03. The company had revenue of C$537.42 million for the quarter. On average, sell-side analysts expect that Yamana Gold Inc. will post 0.421647 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.037 per share. This represents a $0.15 annualized dividend and a dividend yield of 2.74%. This is an increase from Yamana Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, September 29th. Yamana Gold’s dividend payout ratio is currently 45.62%.

About Yamana Gold (TSE:YRI)

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

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