RBC Capital Thinks Yamana Gold’s Stock is Going to Recover

By Austin Angelo

RBC Capital analyst Stephen Walker reiterated a Buy rating on Yamana Gold (NYSE: AUY) yesterday and set a price target of $3.75. The company’s shares closed yesterday at $2.48, close to its 52-week low of $2.40.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 2.1% and a 47.9% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Yamana Gold has an analyst consensus of Moderate Buy, with a price target consensus of $3.33.

Based on Yamana Gold’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $404 million and GAAP net loss of $6.1 million. In comparison, last year the company earned revenue of $430 million and had a net profit of $36.3 million.

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Yamana Gold, Inc. is a gold producer company, which engages in production, development and exploration of gold properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia. The company’s projects include Chapada, Jacobina and Fazenda Brasileiro projects in Brazil, El Penon and Minera Florida projects in Chile, Gualcamayo project in Argentina and Mercedes project in Mexico. Yamana Gold was founded by Peter J. Marrone on July 31, 2003 and is headquartered in Toronto, Canada.