The Fly

Yamana Gold downgraded to Tender from Buy at TD Securities

TD Securities analyst Steven Green downgraded Yamana Gold (AUY) to Tender from Buy with a price target of $5.50, down from $6, following the new offer from Agnico Eagle Mines Limited (AEM) and Pan American Silver (PAAS). It was his view before this new offer that a competing bid could emerge and now that it has he would recommend tendering to this offer or a matching Gold Fields (GFI) offer, should that occur, Green tells investors.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on AUY:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More