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Fly News Breaks for February 24, 2016
AUY
Feb 24, 2016 | 06:19 EDT
Goldman Sachs analyst Andrew Quail downgraded Yamana Gold to Sell saying the company's fiscal position will "remain pressured" over the next year now that its key growth project, Cerro Moro, has been delayed until Q1 of 2018. Yamana has more leverage than its peer group, Quail tells investors in a research note. He lowered his price target for the shares to $1.80 from $2.40, which implies 34% downside from current levels.
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