Cowen Upgrades Yamana Gold (AUY) to Buy

March 19, 2013 7:18 AM EDT
Get Alerts AUY Hot Sheet
Price: $3.26 --0%

Rating Summary:
    10 Buy, 8 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 17
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Cowen upgraded Yamana Gold (NYSE: AUY) from Hold to Buy with a price target of $16.40.

"Shares have traded off with the group YTD. However, AUY has not disappointed
in either 2012 performance or 2013 guidance, unlike its peers," the analyst notes. "Production growth for 2013-2016E leads the peer-group at a CAGR of 8.0% versus peers of 6.0%."

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 $14.71 yesterday.

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