BMO Cuts Price Target on Yamana Gold (AUY) to $10
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BMO Capital lowers its price target on Yamana Gold (NYSE: AUY) from $15 to $10. The firm maintains its Buy rating.
Following Yamana's 18% decline yesterday on the back of a $31 slide in the price of gold, shares of Yamana are bouncing today. The stock is currently up about 8% to $7.34 despite gold which is a few dollars lower.
BMO's $10 price target on Yamana represents potential price appreciation of more than 35% from current levels.
Yamana Gold, Inc. engages in the acquisition, exploration, development, and operation of gold properties.
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