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12-Month Price Target For Yamana Gold Inc. (NYSE:AUY) Now Sits At $8.02

In recent trading session, Yamana Gold Inc. (NYSE:AUY) saw 3.52 million shares changing hands at last check today with its beta currently measuring 1.21….

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This article was originally published by The Marketing Sentinal

In recent trading session, Yamana Gold Inc. (NYSE:AUY) saw 3.52 million shares changing hands at last check today with its beta currently measuring 1.21. Company’s recent per share price level of $6.05 trading at -$0.1 or -1.54% at last check today assigns it a market valuation of $5.81B. That most recent trading price of AUY’s stock is at a discount of -5.79% from its 52-week high price of $6.40 and is indicating a premium of 35.87% from its 52-week low price of $3.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 11.72 million shares which gives us an average trading volume of 19.74 million if we extend that period to 3-months.

For Yamana Gold Inc. (AUY), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 10 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.05 in the current quarter.

Yamana Gold Inc. (NYSE:AUY) trade information

Upright in the red during last session for losing -1.54%, in the last five days AUY remained trading in the green while hitting it’s week-highest on Wednesday, 01/25/23 when the stock touched $6.05 price level, adding 3.35% to its value on the day. Yamana Gold Inc.’s shares saw a change of 10.81% in year-to-date performance and have moved 1.65% in past 5-day. Yamana Gold Inc. (NYSE:AUY) showed a performance of 9.04% in past 30-days. Number of shares sold short was 9.32 million shares which calculate 0.67 days to cover the short interests.

Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $8.02. It follows that stock’s current price would drop -32.56% in reaching the projected high whereas dropping to the targeted low would mean a gain of 17.36% for stock’s current value.

Yamana Gold Inc. (AUY) estimates and forecasts

Statistics highlight that Yamana Gold Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 32.26% of value to its shares in past 6 months, showing an annual growth rate of -18.75% while that of industry is -0.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -50.00% in the current quarter and calculating -33.30% decrease in the next quarter. This year revenue growth is estimated to fall -1.10% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $438.09 million for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20.10% during past 5 years.

AUY Dividends

Yamana Gold Inc. is more likely to be releasing its next quarterly report between February 15 and February 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Yamana Gold Inc. (NYSE:AUY)’s Major holders

Insiders are in possession of 0.37% of company’s total shares while institution are holding 66.05 percent of that, with stock having share float percentage of 66.29%. Investors also watch the number of corporate investors in a company very closely, which is 66.05% institutions for Yamana Gold Inc. that are currently holding shares of the company. Van Eck Associates Corporation is the top institutional holder at AUY for having 109.84 million shares of worth $668.54 million. And as of Sep 29, 2022, it was holding 11.43% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 32.73 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 3.41% of outstanding shares, having a total worth of $199.19 million.

On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2022, the former fund manager was holding 49.81 million shares of worth $303.14 million or 5.18% of the total outstanding shares. The later fund manager was in possession of 40.77 million shares on Nov 29, 2022, making its stake of worth around $248.11 million in the company or a holder of 4.24% of company’s stock.

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