Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) fell 2.8% during mid-day trading on Friday . The stock traded as low as C$3.41 and last traded at C$3.43. 805,158 shares were traded during mid-day trading, a decline of 66% from the average session volume of 2,387,091 shares. The stock had previously closed at C$3.53.

Several brokerages have recently issued reports on YRI. National Bank Financial raised their price objective on shares of Yamana Gold from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Monday, July 30th. BMO Capital Markets restated an “outperform” rating and issued a C$4.25 price objective on shares of Yamana Gold in a research note on Tuesday, July 31st. Finally, Canaccord Genuity raised their price objective on shares of Yamana Gold from C$5.00 to C$5.50 in a research note on Monday, July 30th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Yamana Gold currently has an average rating of “Buy” and an average target price of C$5.06.

Yamana Gold (TSE:YRI) (NYSE:AUY) last issued its earnings results on Thursday, July 26th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.02 by C$0.05. The firm had revenue of C$556.90 million during the quarter. Yamana Gold had a negative return on equity of 17.87% and a negative net margin of 41.69%.

The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, October 12th were given a $0.005 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.02 annualized dividend and a yield of 0.58%.

About Yamana Gold (TSE:YRI)

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

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