Yamana Gold Inc. (YRI) Stock Price Down 3.7%

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY)’s share price traded down 3.7% on Monday . The company traded as low as C$3.37 and last traded at C$3.38. 1,293,347 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 3,631,830 shares. The stock had previously closed at C$3.51.

Separately, National Bank Financial cut their price target on Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$5.35.

The firm has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.50. The company’s market capitalization is $3.21 billion.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.005 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.59%.

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About Yamana Gold

Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.

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