Is Yamana Gold (NYSE:AUY) a Stock to Watch Now That JP Morgan Has Begun Covering It?

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How JP Morgan Currently Rates Yamana Gold (NYSE:AUY)

The Investment firm JP Morgan has began coverage on Yamana Gold (NYSE:AUY)’s stock, rating it “Overweight”. This was revealed to investors and clients in a recent report on 11 December.

From a total of 17 analysts covering Yamana Gold Inc. (NYSE:AUY) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $5.25 while the lowest target price is $2.02. The mean of all analyst targets is $3.28 with a 43.60% above today’s ($2.11) stock price. Yamana Gold Inc. was the topic of 11 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 4 with “Sector Perform” rating. IBC initiated AUY stock in a recent report from July 24 with “Sector Perform” rating.

Approximately 1.68 million shares of stock traded hands. Yamana Gold Inc. (USA) (NYSE:AUY) has declined 45.03% since May 8, 2015 and is downtrending. It has underperformed by 42.01% the S&P500.

Yamana Gold Inc. is a Canada-based gold producer. The company has a market cap of $1.97 billion. The Firm is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. It currently has negative earnings. The Company’s production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines.

According to Zacks Investment Research, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil.” Get a free copy of the Zacks research report on Yamana Gold Inc. (USA) (AUY).

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