Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities researchers at Cormark lifted their Q2 2019 earnings estimates for Yamana Gold in a research report issued on Monday, July 8th, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.02 per share for the quarter, up from their prior estimate of $0.01. Cormark also issued estimates for Yamana Gold’s Q1 2020 earnings at $0.02 EPS, Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.02 EPS, Q4 2020 earnings at $0.02 EPS and FY2020 earnings at $0.08 EPS.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, July 25th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $463.50 million during the quarter, compared to the consensus estimate of $448.19 million. Yamana Gold had a positive return on equity of 2.32% and a negative net margin of 7.49%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS.
AUY has been the subject of several other reports. Raymond James upped their price objective on Yamana Gold from $3.25 to $3.50 and gave the stock a “market perform” rating in a research report on Monday. National Bank Financial upgraded Yamana Gold from a “sector perform” rating to an “outperform” rating and set a $2.53 price objective for the company in a research report on Friday, June 28th. GMP Securities downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. ValuEngine downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, CIBC restated a “buy” rating and set a $4.00 price objective on shares of Yamana Gold in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Yamana Gold has an average rating of “Hold” and a consensus target price of $3.17.
Shares of NYSE:AUY traded up $0.22 during trading on Wednesday, reaching $3.17. 31,441,282 shares of the company traded hands, compared to its average volume of 12,768,142. The business’s 50 day moving average price is $2.56. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 26.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.46. Yamana Gold has a 52 week low of $1.78 and a 52 week high of $3.21.
A number of institutional investors and hedge funds have recently modified their holdings of AUY. BlackRock Inc. increased its stake in Yamana Gold by 5.3% during the fourth quarter. BlackRock Inc. now owns 498,850 shares of the basic materials company’s stock valued at $1,177,000 after purchasing an additional 24,962 shares during the last quarter. Private Advisor Group LLC increased its stake in Yamana Gold by 438.8% during the fourth quarter. Private Advisor Group LLC now owns 62,366 shares of the basic materials company’s stock valued at $147,000 after purchasing an additional 50,791 shares during the last quarter. Advisor Group Inc. increased its stake in Yamana Gold by 60.7% during the fourth quarter. Advisor Group Inc. now owns 35,022 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 13,229 shares during the last quarter. Fiera Capital Corp increased its stake in Yamana Gold by 7.7% during the fourth quarter. Fiera Capital Corp now owns 224,900 shares of the basic materials company’s stock valued at $530,000 after purchasing an additional 16,000 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Yamana Gold by 2.8% during the fourth quarter. CIBC Asset Management Inc now owns 596,030 shares of the basic materials company’s stock valued at $1,402,000 after purchasing an additional 16,058 shares during the last quarter. 43.91% of the stock is owned by institutional investors and hedge funds.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio is presently 16.67%.
Yamana Gold Company Profile
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.