Insider Buying: Yamana Gold Inc. (YRI) Director Buys C$170,000.00 in Stock

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) Director Peter Marrone purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was bought at an average cost of C$3.40 per share, with a total value of C$170,000.00.

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

  • On Wednesday, November 8th, Peter Marrone purchased 50,000 shares of Yamana Gold stock. The stock was bought at an average cost of C$3.45 per share, with a total value of C$172,500.00.

Shares of Yamana Gold Inc. (TSE:YRI) opened at C$3.51 on Monday. Yamana Gold Inc. has a 52 week low of C$2.84 and a 52 week high of C$4.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.006 per share. This is a positive change from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, December 28th. This represents a $0.02 annualized dividend and a yield of 0.68%. Yamana Gold’s dividend payout ratio (DPR) is currently -4.26%.

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A number of equities analysts have recently commented on the company. Eight Capital reaffirmed a “buy” rating on shares of Yamana Gold in a report on Thursday. 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 Friday, July 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$5.28.

About Yamana Gold

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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