Yamana Gold (NYSE:AUY) (TSE:YRI) issued its quarterly earnings results on Thursday. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Briefing.com reports. The business had revenue of $483.40 million during the quarter, compared to analyst estimates of $495.01 million. Yamana Gold had a negative net margin of 23.32% and a positive return on equity of 3.46%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share.
Shares of Yamana Gold stock traded down $0.04 during trading on Friday, hitting $2.54. 20,745,363 shares of the stock were exchanged, compared to its average volume of 11,488,248. The firm has a market capitalization of $2.46 billion, a P/E ratio of 31.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.71 and a current ratio of 1.01. Yamana Gold has a 12 month low of $2.00 and a 12 month high of $3.49.
A number of brokerages recently issued reports on AUY. ValuEngine upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. HSBC lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. TheStreet lowered shares of Yamana Gold from a “c” rating to a “d” rating in a research note on Tuesday, October 30th. Finally, Royal Bank of Canada dropped their price target on shares of Yamana Gold from $3.75 to $3.50 and set an “outperform” rating for the company in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Yamana Gold presently has an average rating of “Hold” and a consensus price target of $3.42.
Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in Yamana Gold by 6.8% in the fourth quarter. Legal & General Group Plc now owns 936,005 shares of the basic materials company’s stock worth $2,199,000 after purchasing an additional 59,659 shares during the period. RFG Advisory LLC acquired a new stake in Yamana Gold in the fourth quarter worth about $48,000. IHT Wealth Management LLC acquired a new stake in Yamana Gold in the fourth quarter worth about $43,000. Amundi Pioneer Asset Management Inc. lifted its holdings in Yamana Gold by 9.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,044,143 shares of the basic materials company’s stock worth $7,184,000 after purchasing an additional 265,800 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Yamana Gold in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 42.94% of the company’s stock.
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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. The company primarily sells precious metals, including gold, silver, and copper. It also holds an option to earn a 70% ownership interest in the TPK property, a gold-silver-copper property located in northwestern Ontario.
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