In a report published Tuesday, Morgan Stanley analyst Brad Humphrey reiterated an Overweight rating on Yamana Gold AUY, and raised the price target from $11.50 to $12.00.
In the report, Morgan Stanley noted, “AUY released operating results for 2013 confirming our expectations for both a miss vs guidance and a downward revision on 2014. With this overhang now removed and our expectation for a return to consistency, we believe AUY will begin to close the gap in performance vs its peers YTD.”
Yamana Gold closed on Monday at $9.75.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in