Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities researchers at Desjardins cut their Q1 2018 earnings estimates for shares of Yamana Gold in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now anticipates that the basic materials company will post earnings per share of ($0.01) for the quarter, down from their prior estimate of $0.01. Desjardins also issued estimates for Yamana Gold’s Q1 2019 earnings at $0.02 EPS and Q4 2019 earnings at $0.03 EPS.
Other analysts have also issued reports about the company. TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. ValuEngine downgraded Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BMO Capital Markets restated a “hold” rating and issued a $3.00 price objective on shares of Yamana Gold in a report on Wednesday, December 20th. Finally, National Bank Financial upgraded Yamana Gold from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Yamana Gold has an average rating of “Buy” and a consensus target price of $3.66.
Shares of NYSE:AUY opened at $2.92 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.39. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $3.80. The stock has a market capitalization of $2,761.18, a price-to-earnings ratio of 32.33 and a beta of 0.86.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 institutional investors have recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Yamana Gold by 171.1% during the 4th quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after buying an additional 23,399 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Yamana Gold by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,043,114 shares of the basic materials company’s stock valued at $2,765,000 after buying an additional 24,201 shares during the period. Afam Capital Inc. raised its holdings in shares of Yamana Gold by 3.6% during the 4th quarter. Afam Capital Inc. now owns 751,843 shares of the basic materials company’s stock valued at $2,346,000 after buying an additional 25,998 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Yamana Gold by 17.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 188,660 shares of the basic materials company’s stock valued at $589,000 after buying an additional 28,210 shares during the period. Finally, Exane Derivatives raised its holdings in shares of Yamana Gold by 718.0% during the 4th quarter. Exane Derivatives now owns 38,373 shares of the basic materials company’s stock valued at $119,000 after buying an additional 33,682 shares during the period. Institutional investors own 46.47% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were issued a $0.005 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.
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Yamana Gold Company Profile
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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