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Credit Suisse Upgrades Yamana Gold (AUY) to Outperform

June 30, 2016 6:59 AM EDT
Get Alerts AUY Hot Sheet
Price: $5.85 --0%

Rating Summary:
    12 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 35
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Credit Suisse upgraded Yamana Gold (NYSE: AUY) from Neutral to Outperform with a price target of $6.50 (from $4.50).

Analyst Anita Soni commented, "We upgrade Yamana to Outperform in conjunction with our increased gold price forecasts. We now forecast the gold price to increase through 2016, averaging $1,475/oz in Q4/16 and $1,500/oz in Q1/17 with a price average of $1,450/oz in 2017 (from $1,313/oz previously). Our long term price forecast increases to $1,300/oz from $1,200/oz. See Precious Metals Outlook: Gold bull market extended, $1,500/oz in view."

For an analyst ratings summary and ratings history on Yamana Gold click here. For more ratings news on Yamana Gold click here.

Shares of Yamana Gold closed at $5.22 yesterday.



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