FY2016 EPS Estimates for Yamana Gold Inc. (AUY) Cut by National Bank Financial
Yamana Gold Inc. (NYSE:AUY) – Stock analysts at National Bank Financial decreased their FY2016 earnings per share estimates for Yamana Gold in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.08 per share for the year, down from their previous estimate of $0.13.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. Yamana Gold’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS.
Several other analysts have also recently weighed in on AUY. Dundee Securities raised shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Friday, July 8th. TD Securities restated a “buy” rating and issued a $7.50 target price (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Barclays PLC boosted their target price on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Finally, Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $4.50 to $6.50 in a report on Thursday, June 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.
Shares of Yamana Gold (NYSE:AUY) traded down 2.39% during trading on Friday, hitting $3.67. The stock had a trading volume of 13,895,260 shares. The company’s market capitalization is $3.48 billion. The firm has a 50-day moving average of $4.30 and a 200 day moving average of $4.70. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99.
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock worth $20,375,000 after buying an additional 1,775,475 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Yamana Gold by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,747,154 shares of the company’s stock worth $11,415,000 after buying an additional 51,221 shares during the last quarter. Credit Agricole S A increased its stake in shares of Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock worth $25,952,000 after buying an additional 570,289 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock worth $376,000 after buying an additional 21,096 shares during the last quarter. Finally, AXA increased its stake in shares of Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock worth $3,324,000 after buying an additional 344,342 shares during the last quarter. 49.59% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, September 28th. Yamana Gold’s payout ratio is -1.01%.
About Yamana Gold
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
Receive News & Ratings for Yamana Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.