Credit Suisse Maintains Their Buy Rating on Yamana Gold (AUY)

By Carrie Williams

Credit Suisse analyst Mark Llanes maintained a Buy rating on Yamana Gold (AUYResearch Report) on September 16 and set a price target of $4. The company’s shares closed last Monday at $3.35.

Llanes has an average return of 24.5% when recommending Yamana Gold.

According to TipRanks.com, Llanes is ranked #4238 out of 5554 analysts.

Currently, the analyst consensus on Yamana Gold is a Moderate Buy with an average price target of $3.49, implying a 0.9% upside from current levels. In a report issued on September 5, National Bank also maintained a Buy rating on the stock with a $6.25 price target.

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Based on Yamana Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $14.1 million. In comparison, last year the company had a net profit of $18 million.

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Yamana Gold, Inc. is a Canadian-based company, which produces gold, silver and copper. It operates through the following segments: Chapada, El Peñón, Canadian Malartic, Jacobina, Minera Florida, Gualcamayo, Brio Gold, and Corporate & other. The company was founded on February 7, 1995 and is headquartered in Toronto, Canada.