Analysts predict that Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) will report earnings of $0.01 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Yamana Gold’s earnings, with estimates ranging from $0.01 to $0.02. Yamana Gold posted earnings per share of ($0.01) during the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is expected to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Yamana Gold will report full year earnings of $0.14 per share for the current year, with EPS estimates ranging from $0.07 to $0.20. For the next financial year, analysts forecast that the firm will post earnings of $0.24 per share, with EPS estimates ranging from $0.11 to $0.39. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Yamana Gold.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.03. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. The firm had revenue of $478.80 million for the quarter.
Several equities analysts recently issued reports on the company. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 target price on the stock in a research note on Friday, January 26th. ValuEngine lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and set a $4.00 target price on shares of Yamana Gold in a research note on Wednesday, January 31st. Finally, Scotiabank set a $4.00 target price on Yamana Gold and gave the stock a “hold” rating in a research note on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.66.
A number of hedge funds and other institutional investors have recently modified their holdings of AUY. Creative Planning increased its holdings in shares of Yamana Gold by 171.1% in the 4th quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 23,399 shares during the last quarter. Exane Derivatives increased its holdings in shares of Yamana Gold by 718.0% in the 4th quarter. Exane Derivatives now owns 38,373 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 33,682 shares during the last quarter. Fore Capital LLC purchased a new position in shares of Yamana Gold in the 4th quarter valued at about $156,000. Virtu Financial LLC increased its holdings in shares of Yamana Gold by 444.0% in the 3rd quarter. Virtu Financial LLC now owns 239,475 shares of the basic materials company’s stock valued at $198,000 after acquiring an additional 195,452 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Yamana Gold by 85.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 101,760 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 46,780 shares during the last quarter. Institutional investors own 46.48% of the company’s stock.
AUY traded up $0.08 during mid-day trading on Friday, hitting $2.76. 12,620,025 shares of the stock were exchanged, compared to its average volume of 11,970,405. Yamana Gold has a 1-year low of $2.21 and a 1-year high of $3.80. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2,618.85, a price-to-earnings ratio of 34.50 and a beta of 0.86.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders 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 0.72%. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.
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About Yamana Gold
Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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