Yamana Gold (YRI) Gets a Buy Rating from National Bank

Yamana Gold (YRIResearch Report) has received a rating update from a Wall Street analyst today. Analyst Mike Parkin from National Bank remains bullish on the stock and has a C$5.25 price target.

According to TipRanks.com, Parkin is ranked 0 out of 5 stars with an average return of -7.6% and a 32.9% success rate. Parkin covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, OceanaGold Corporation, and Eldorado Gold Corp.

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Yamana Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$4.58.

Based on Yamana Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$18.86 million. In comparison, last year the company had a net profit of C$23.24 million.

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.

The company’s shares closed last Wednesday at C$4.46.