Credit Suisse Downgrades Yamana (AUY) to Neutral; Cuts PT

Credit Suisse downgrades Yamana Gold (NYSE: AUY) from Outperform to Neutral. The firm also lowered its price target.

Shares of Yamana are rebounding in pre-market trading after falling nearly 15% during last week's trading. Yamana's stock is currently up 7.5% to $5.33 about an hour before the opening bell is set to ring.

Additionally, Credit Suisse cut price targets on numerous gold stocks this morning. Here is a summary those actions.

Yamana Gold, Inc. engages in the acquisition, exploration, development, and operation of gold properties.

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