Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Stock analysts at Cormark boosted their Q2 2018 earnings per share estimates for Yamana Gold in a research report issued to clients and investors on Tuesday. Cormark analyst R. Gray now anticipates that the basic materials company will earn $0.05 per share for the quarter, up from their previous estimate of $0.04. Cormark also issued estimates for Yamana Gold’s Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.20 EPS and Q3 2019 earnings at $0.10 EPS.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price target for the company in a research report on Friday, January 26th. ValuEngine cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $4.00 target price on shares of Yamana Gold in a report on Wednesday, January 31st. Finally, Scotiabank set a $4.00 target price on shares of Yamana Gold and gave the company a “hold” rating in a report on Monday, January 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.55.
Shares of Yamana Gold (NYSE AUY) traded up $0.02 during mid-day trading on Wednesday, hitting $3.03. 1,675,607 shares of the company were exchanged, compared to its average volume of 14,935,344. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2,890.00, a P/E ratio of -15.25 and a beta of 0.77. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $3.80.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a dividend of $0.005 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.66%. Yamana Gold’s dividend payout ratio is currently -10.00%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in Yamana Gold by 171.1% during the fourth quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 23,399 shares in the last quarter. Exane Derivatives raised its holdings in Yamana Gold by 718.0% during the fourth quarter. Exane Derivatives now owns 38,373 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 33,682 shares in the last quarter. Timber Hill LLC raised its holdings in Yamana Gold by 233.3% during the third quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock worth $103,000 after purchasing an additional 27,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Yamana Gold by 16.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 6,616 shares in the last quarter. Finally, Fore Capital LLC purchased a new position in Yamana Gold during the fourth quarter worth about $156,000. 42.94% of the stock is owned by hedge funds and other institutional investors.
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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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