Does Yamana Gold Inc. Have Any Gas After Today’s Huge Increase?

 Does Yamana Gold Inc. Have Any Gas After Today's Huge Increase?

The stock of Yamana Gold Inc. (TSE:YRI) is a huge mover today! About 1.27 million shares traded hands. Yamana Gold Inc. (TSE:YRI) has risen 22.52% since April 1, 2016 and is uptrending. It has outperformed by 20.57% the S&P500.
The move comes after 9 months positive chart setup for the $4.49B company. It was reported on Nov, 8 by Barchart.com. We have $7.28 PT which if reached, will make TSE:YRI worth $2.29B more.

Yamana Gold Inc. (TSE:YRI) Ratings Coverage

Out of 6 analysts covering Yamana Gold Inc. (TSE:YRI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $10.50 is the highest target while $4.40 is the lowest. The $6.23 average target is 29.25% above today’s ($4.82) stock price. Yamana Gold Inc. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Scotia Capital on Tuesday, September 1 to “Sector Perform”. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets. The stock of Yamana Gold Inc. (TSE:YRI) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, November 18. On Tuesday, November 24 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Tuesday, October 18 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, December 22. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, January 27.

Another recent and important Yamana Gold Inc. (TSE:YRI) news was published by Fool.ca which published an article titled: “Yamana Gold Inc. Tries the IPO Route for Brazilian Asset Exit” on October 18, 2016.

Yamana Gold Inc. is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The company has a market cap of $4.49 billion. The Company’s divisions include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc., and Corporate and other. It currently has negative earnings. The Company’s Corporate and other segment includes Minera Florida mine in Chile and Alumbrera mine in Argentina.

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