In a report issued on February 5, Josh Wolfson from RBC Capital maintained a Hold rating on Yamana Gold (AUY – Research Report), with a price target of $3.75. The company’s shares closed last Monday at $3.84, close to its 52-week high of $4.21.
According to TipRanks.com, Wolfson is a 4-star analyst with an average return of 7.7% and a 62.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Kirkland Lake Gold, and Newmont Mining.
Currently, the analyst consensus on Yamana Gold is a Hold with an average price target of $3.79.
Based on Yamana Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $201 million. In comparison, last year the company had a GAAP net loss of $61.4 million.
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Yamana Gold, Inc. is a Canadian-based company, which produces gold, silver and copper. It operates through the following segments: Chapada, El Peñón, Canadian Malartic, Jacobina, Minera Florida, Gualcamayo, Brio Gold, and Corporate & other. The company was founded on February 7, 1995 and is headquartered in Toronto, Canada.