Dividend Watch: Yamana Gold Inc. (NYSE:AUY)

Dividend Watch: Yamana Gold Inc. (NYSE:AUY) photo Dividend Watch: Yamana Gold Inc. (NYSE:AUY)

Over the next 12-months sell-side research firms are predicting that the stock will reach targets in the range of $1.7-6.5.



Gold prices are expected to average $1,125 per ounce in the third quarter and $1,175 per ounce in the fourth quarter, analysts added.

MGM Resorts global (MGM) of the Services sector is down -2.34% (change from open -1.49%) this morning trading at a volume of 572,763 shares and price of $19.17. The stock’s market capitalization is $1.52 billion. The average 12-month price objective among brokers that have covered the stock in the a year ago is C$5.50.

Yamana Gold Inc. (USA) (NYSE:AUY) stands at the average volume of 12.53 million with the total number of shares traded on the last trading day was 6.58 million. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01).

Yamana Gold Inc. (NYSE:AUY): 14 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $4.32 in Yamana Gold Inc.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. The company informed investors that they would receive a payout in the amount of $0.015 per share for shareholders of record on 2015-09-30, payable on 2015-10-14. The ex-dividend date of this dividend is Monday, September 28th. It has increased by 7% from the same period of last month. (NYSE:AUY).The analysts at the brokerage house have a current rating of Buy on the shares. Of those nineteen, twelve have a Buy rating, six have a Hold rating and one has a Sell rating. Morgan Stanley lowered their price target on shares of Yamana Gold from $5.50 to $5.00 in a research report on Wednesday, June 24th. The company’s stock performance estimates show an increasing trend as illustrated below. In a research note released to the investors, HSBC maintains its rating on Yamana Gold Inc. The company presently has an average rating of “Hold” and a consensus price target of $4.84.

The firm, however, upgraded Yamana Gold to “outperform” from “neutral” based on a valuation call. The Company is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation.

Yamana Gold has good mining assets, which could be leveraged for capital, and a history of replacing its reserves, Credit Suisse said in an analysts note. Its development properties contain Cerro Moro, Agua Suyai and Rica in Argentina. The Company’s production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines.

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