Stock On Watch: Will Yamana Gold Inc. (USA) Go Down Anytime Soon?

Stock On Watch: Will Yamana Gold Inc. (USA) Go Down Anytime Soon?

The stock of Yamana Gold Inc. (USA) (NYSE:AUY) is a huge mover today! About 9.16 million shares traded hands. Yamana Gold Inc. (USA) (NYSE:AUY) has risen 19.35% since April 5, 2016 and is uptrending. It has outperformed by 17.40% the S&P500.
The move comes after 7 months positive chart setup for the $3.27B company. It was reported on Nov, 8 by Barchart.com. We have $5.21 PT which if reached, will make NYSE:AUY worth $1.50B more.

Yamana Gold Inc. (USA) (NYSE:AUY) Ratings Coverage

Out of 11 analysts covering Yamana Gold Inc. (NYSE:AUY), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. Yamana Gold Inc. has been the topic of 23 analyst reports since July 22, 2015 according to StockzIntelligence Inc. HSBC downgraded the shares of AUY in a report on Monday, October 26 to “Hold” rating. RBC Capital Markets maintained the shares of AUY in a report on Wednesday, November 4 with “Sector Perform” rating. As per Wednesday, February 24, the company rating was downgraded by Goldman Sachs. The stock of Yamana Gold Inc. (USA) (NYSE:AUY) has “Outperform” rating given on Monday, March 14 by Raymond James. Raymond James downgraded the shares of AUY in a report on Monday, January 18 to “Mkt Perform” rating. The firm has “Equal-Weight” rating given on Thursday, January 14 by Barclays Capital. BMO Capital Markets upgraded Yamana Gold Inc. (USA) (NYSE:AUY) on Thursday, May 12 to “Outperform” rating. The firm has “Overweight” rating given on Friday, December 11 by JP Morgan. Credit Suisse upgraded the stock to “Outperform” rating in Monday, September 21 report. Raymond James downgraded the stock to “Mkt Perform” rating in Friday, January 15 report.

According to Zacks Investment Research, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil.”

Another recent and important Yamana Gold Inc. (USA) (NYSE:AUY) 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.

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