Equities analysts expect Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) to post earnings per share of $0.03 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Yamana Gold’s earnings. The highest EPS estimate is $0.05 and the lowest is $0.00. Yamana Gold reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The company is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that Yamana Gold will report full-year earnings of $0.04 per share for the current year, with EPS estimates ranging from ($0.03) to $0.10. For the next year, analysts forecast that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.09 to $0.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Yamana Gold.
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 consensus estimate of $0.03 by $0.07. The company had revenue of $428.10 million for the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.
AUY has been the subject of a number of research reports. Royal Bank Of Canada set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered shares of Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. Scotiabank increased their target price on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $3.25 target price on shares of Yamana Gold in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Yamana Gold has a consensus rating of “Hold” and an average target price of $3.71.
Shares of Yamana Gold (NYSE AUY) remained flat at $2.96 during mid-day trading on Wednesday. The stock had a trading volume of 7,957,094 shares. The company’s 50 day moving average is $2.64 and its 200-day moving average is $2.69. The stock’s market cap is $2.81 billion. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $4.95.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.005 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.68%. Yamana Gold’s payout ratio is presently -4.44%.
A number of large investors have recently made changes to their positions in the stock. Capstone Asset Management Co. raised its stake in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after buying an additional 2,950 shares during the last quarter. Korea Investment CORP bought a new stake in shares of Yamana Gold during the first quarter valued at about $161,000. Wells Fargo & Company MN raised its stake in shares of Yamana Gold by 6.2% in the first quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock valued at $978,000 after buying an additional 20,828 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Yamana Gold by 17.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,791,200 shares of the basic materials company’s stock valued at $7,681,000 after buying an additional 413,600 shares during the last quarter. Finally, ING Groep NV raised its stake in shares of Yamana Gold by 57.7% in the first quarter. ING Groep NV now owns 248,764 shares of the basic materials company’s stock valued at $687,000 after buying an additional 90,999 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
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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