Yamana Gold Inc. (TSE:YRI) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat reports.

Shares of Yamana Gold (TSE:YRI) opened at 2.25 on Wednesday. The firm’s 50-day moving average is $2.52 and its 200-day moving average is $2.64. Yamana Gold has a 1-year low of $1.89 and a 1-year high of $5.63. The stock’s market capitalization is $2.13 billion.

YRI has been the subject of a number of other reports. RBC Capital reissued a “sector perform” rating on shares of Yamana Gold in a report on Wednesday, November 18th. National Bank Financial cut their price target on Yamana Gold from C$5.75 to C$5.25 and set an “outperform” rating for the company in a report on Thursday, January 14th. Canaccord Genuity cut their price target on Yamana Gold from C$5.50 to C$5.25 and set a “buy” rating for the company in a report on Tuesday, December 22nd. Finally, TD Securities cut their price target on Yamana Gold from C$4.50 to C$4.00 and set a “buy” rating for the company in a report on Friday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$4.85.

In related news, insider Darcy Edward Marud sold 14,164 shares of Yamana Gold stock in a transaction dated Tuesday, December 29th. The stock was sold at an average price of C$2.66, for a total value of C$37,676.24.

Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Company’s production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines. Its development properties include Cerro Moro, Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera, 126.95 million tons at Canadian Malartic, 509.15 million tons at Chapada, 1.96 million tons at Cerro Morro, 10.41 million tons at El Penon, 29.16 million tons at Gualcamayo, 22.85 million tons at Jacobina, 8.68 million tons at Jeronimo, 4.01 million tons at Mercedes, 7.89 million tons at Minera Florida, 24.03 million tons at C1-Santa Luz, 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.

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