RBC Capital analyst Josh Wolfson maintained a Hold rating on Yamana Gold (AUY – Research Report) on June 27 and set a price target of $7.00. The company’s shares closed last Tuesday at $4.88.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -1.0% and a 45.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.
Currently, the analyst consensus on Yamana Gold is a Moderate Buy with an average price target of $7.26.
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Based on Yamana Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $442 million and net profit of $57.8 million. In comparison, last year the company earned revenue of $422 million and had a net profit of $54.7 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.
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