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UPDATE: Morgan Stanley Raises PT on Yamana Gold on Measured Growth

Related AUY
UPDATE: Morgan Stanley Reiterates On Yamana Gold Inc. (USA) Following Operating Update
Benzinga's Top Downgrades

In a report published Tuesday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Yamana Gold (NYSE: AUY), and raised the price target from $11.50 to $12.50.

In the report, Morgan Stanley noted, “Yamana's focus on small but scalable projects underpinned by its solid suite of stable and low cost core operations in the Americas has served it well over the years. Notwithstanding recent ramp-up delays, the company has been able to largely avoid the operating and capital costs inflation facing its peers. FCF positive in early 2014 on our gold price deck.”

Yamana Gold closed on Monday at $8.89.

Latest Ratings for AUY

DateFirmActionFromTo
Sep 2014GMPDowngradesBuyHold
Aug 2014Raymond JamesUpgradesMarket PerformOutperform
Jul 2014HSBCDowngradesNeutralUnderweight

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Posted-In: Brad Humphrey Morgan StanelyAnalyst Color Price Target Analyst Ratings

 

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