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UPDATE: Cowen Securities Upgrades Yamana Gold to Buy; Valuation Discounts Peer-Leading Returns

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Cowen Securities upgraded Yamana Gold (NYSE: AUY) from Hold to Buy and announced a $16.40 price target.

Cowen Securities analyst Adam P. Graf noted, "We are upgrading AUY to Buy from Hold. Shares have traded off with the group YTD. However, AUY has not disappointed in either 2012 performance or 2013 guidance, unlike its peers. Production growth for 2013-2016E leads the peer-group at a CAGR of 8.0% versus peers of 6.0%."

Yamana Gold closed at $16.40 on Monday.

Latest Ratings for AUY

DateFirmActionFromTo
Mar 2016Raymond JamesUpgradesMarket PerformOutperform
Feb 2016Goldman SachsDowngradesNeutralSell
Jan 2016

View More Analyst Ratings for AUY
View the Latest Analyst Ratings

Posted-In: Cowen SecuritiesAnalyst Color Upgrades Analyst Ratings

 

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