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Fly News Breaks for July 31, 2018
AUY
Jul 31, 2018 | 07:38 EDT
As reported earlier, BMO Capital analyst Andrew Kaip upgraded Yamana Gold to Outperform from Market Perform and raised his price target to $4.25 from $3.00. The analyst says that the discount on the stock from elevated development and financial risk is no longer justified after the company delivered its newest mine - Cerro Moro - ahead of schedule, putting it on track to exceed FY18 production. Kaip expects the company's progress to allow it to trade more in line with peers.
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