National Bank Financial cut shares of Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) from an outperform rating to a sector perform rating in a report issued on Friday, October 27th. They currently have C$4.75 price target on the stock, down from their prior price target of C$6.25.
Yamana Gold (YRI) opened at C$3.39 on Friday. Yamana Gold has a 12 month low of C$2.84 and a 12 month high of C$4.80.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, December 28th. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio is presently -4.26%.
Yamana Gold Company Profile
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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