Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities research analysts at Cormark lowered their Q3 2017 EPS estimates for shares of Yamana Gold in a report released on Monday. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.05.
A number of other brokerages have also recently weighed in on AUY. Royal Bank Of Canada set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a report on Tuesday, July 18th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. Finally, TD Securities set a $4.00 price target on Yamana Gold and gave the stock a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.54.
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Shares of Yamana Gold (NYSE AUY) opened at 2.69 on Tuesday. Yamana Gold has a one year low of $2.21 and a one year high of $3.95. The company has a 50-day moving average price of $2.78 and a 200 day moving average price of $2.68. The company’s market capitalization is $2.55 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The company had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.005 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.74%. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.
A number of institutional investors have recently made changes to their positions in AUY. Wells Fargo & Company MN increased its stake in Yamana Gold by 6.2% in the 1st quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock worth $978,000 after purchasing an additional 20,828 shares during the period. Karp Capital Management Corp purchased a new position in Yamana Gold in the 1st quarter worth approximately $327,000. Raymond James Financial Services Advisors Inc. purchased a new position in Yamana Gold in the 1st quarter worth approximately $111,000. Alliancebernstein L.P. increased its stake in Yamana Gold by 10.5% in the 1st quarter. Alliancebernstein L.P. now owns 132,234 shares of the basic materials company’s stock worth $365,000 after purchasing an additional 12,564 shares during the period. Finally, Stephens Inc. AR increased its stake in Yamana Gold by 3.0% in the 1st quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 1,381 shares during the period. 42.39% of the stock is currently owned by institutional investors and hedge funds.
About Yamana Gold
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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