Yamana Gold "sector perform," target price raised - update

03/14/08 - RBC Capital Markets

NEW YORK, March 14 (newratings.com) - Analysts at RBC Capital Markets maintain their "sector perform" rating on Yamana Gold Inc (AUY). The target price has been raised from $19 to $21.

In a research note published this morning, the analysts mention that spot gold prices reached an all-time high of almost $1,000/oz yesterday. Yamana Gold is among the most liquid companies among the Tier II gold producers, the analysts say. The upward revision in the target price reflects increased stock multiples, RBC Capital Markets adds.