Could Yamana Gold Inc. Change Direction After Today’s Huge Increase?

 Could Yamana Gold Inc. Change Direction After Today's Huge Increase?

The stock of Yamana Gold Inc. (TSE:YRI) is a huge mover today! About 554,270 shares traded hands. Yamana Gold Inc. (TSE:YRI) has declined 27.86% since April 22, 2016 and is downtrending. It has underperformed by 33.87% the S&P500.
The move comes after 7 months positive chart setup for the $3.72B company. It was reported on Nov, 28 by Barchart.com. We have $4.24 PT which if reached, will make TSE:YRI worth $260.40M 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 57.32% above today’s ($3.96) stock price. Yamana Gold Inc. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, January 27 by JP Morgan. The stock of Yamana Gold Inc. (TSE:YRI) earned “Sector Perform” rating by RBC Capital Markets on Thursday, January 14. The stock of Yamana Gold Inc. (TSE:YRI) has “Sector Perform” rating given on Tuesday, December 22 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, November 24. The company was maintained on Tuesday, October 18 by RBC Capital Markets. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1. As per Wednesday, November 18, the company rating was maintained by RBC Capital Markets.

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 $3.72 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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