Insider Buying: Yamana Gold Inc. (YRI) Director Purchases 9,000 Shares of Stock

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) Director Peter Marrone purchased 9,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were acquired at an average cost of C$3.41 per share, with a total value of C$30,690.00. Following the acquisition, the director now directly owns 1,734,687 shares in the company, valued at C$5,915,282.67.

Peter Marrone also recently made the following trade(s):

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On Wednesday, December 19th, Peter Marrone purchased 650,000 shares of Yamana Gold stock. The shares were acquired at an average cost of C$3.19 per share, with a total value of C$2,070,510.00.

Yamana Gold stock traded down C$0.08 during mid-day trading on Friday, hitting C$3.34. 1,998,297 shares of the company’s stock traded hands, compared to its average volume of 3,011,585. Yamana Gold Inc. has a fifty-two week low of C$2.66 and a fifty-two week high of C$4.20. The company has a market capitalization of $3.25 billion and a price-to-earnings ratio of -11.20. The company has a debt-to-equity ratio of 44.71, a current ratio of 0.87 and a quick ratio of 0.26.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.007 per share. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, March 28th. This represents a $0.03 annualized dividend and a yield of 0.84%. Yamana Gold’s dividend payout ratio (DPR) is currently -6.67%.

Several equities research analysts have issued reports on YRI shares. National Bank Financial cut their price target on Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a report on Monday, November 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$3.00 price target on shares of Yamana Gold in a report on Monday, December 10th. Finally, CSFB reaffirmed an “outperform” rating and set a C$4.00 price target on shares of Yamana Gold in a report on Tuesday.

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About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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