The Globe and Mail reports in its Tuesday, Jan. 22, edition that after an increase in the firm's 2019 and 2020 gold price outlook, CIBC World Markets analyst Anita Soni upgraded Yamana Gold ($3.12 (Canadian)) to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Ms. Soni raised her share target to $3.75 (U.S.) from $3.20 (U.S.) "to reflect our improved outlook for the medium term and higher gold/silver price assumptions." Analysts on average target the shares at $3.27 (U.S.). Ms. Soni says in a note: "We believe that consistent delivery evidenced by upward guidance revisions in 2018, organic growth opportunities, and exploration potential combine nicely with an improving balance sheet and attractive relative valuation. We see further upside to the stock in the near to medium term." The Globe reported on May 29, 2018, that Canaccord Genuity analyst Carey MacRury continued to rate Yamana "buy," while shaving his share target to $5.75 (Canadian) from $6 (Canadian). The shares could then be had for $3.72 (Canadian).