Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities researchers at Desjardins boosted their Q3 2019 EPS estimates for shares of Yamana Gold in a note issued to investors on Monday, January 7th. Desjardins analyst J. Wolfson now forecasts that the basic materials company will post earnings of $0.02 per share for the quarter, up from their previous estimate of $0.01. Desjardins also issued estimates for Yamana Gold’s FY2019 earnings at $0.06 EPS.
AUY has been the topic of a number of other research reports. National Bank Financial reiterated a “buy” rating on shares of Yamana Gold in a report on Monday, November 12th. BMO Capital Markets cut Yamana Gold from an “outperform” rating to a “market perform” rating and set a $3.00 target price on the stock. in a report on Monday, December 10th. ValuEngine cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Finally, HSBC cut Yamana Gold from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $3.38.
Shares of NYSE:AUY opened at $2.43 on Thursday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 30.38 and a beta of 0.61. 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 one year low of $2.00 and a one year high of $3.80.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, October 25th. The basic materials company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $416.80 million for the quarter. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 11th. Stockholders of record on Friday, December 28th were issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Thursday, December 27th. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Yamana Gold by 3.5% during the third quarter. Vanguard Group Inc. now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after purchasing an additional 769,763 shares during the last quarter. Vanguard Group Inc raised its position in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after buying an additional 769,763 shares during the period. Deutsche Bank AG raised its position in shares of Yamana Gold by 16.0% in the 3rd quarter. Deutsche Bank AG now owns 16,625,909 shares of the basic materials company’s stock worth $41,397,000 after buying an additional 2,289,653 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Yamana Gold by 12.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,407,887 shares of the basic materials company’s stock worth $28,418,000 after buying an additional 1,304,091 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Yamana Gold by 26.5% in the 3rd quarter. Renaissance Technologies LLC now owns 10,672,290 shares of the basic materials company’s stock worth $26,574,000 after buying an additional 2,237,015 shares during the period. Institutional investors and hedge funds own 43.13% of the company’s stock.
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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