FY2017 EPS Estimates for Yamana Gold Inc. (AUY) Cut by National Bank Financial
Yamana Gold Inc. (NYSE:AUY) – Research analysts at National Bank Financial dropped their FY2017 earnings estimates for shares of Yamana Gold in a research report issued on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the brokerage will post earnings of $0.04 per share for the year, down from their prior estimate of $0.13.
Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Yamana Gold had a negative net margin of 104.16% and a positive return on equity of 0.12%. The business earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a report on Friday, July 8th. HSBC reiterated a “buy” rating on shares of Yamana Gold in a report on Thursday, July 7th. TD Securities reiterated a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Barclays PLC boosted their price objective on 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 Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their price objective 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 assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $4.75.
Yamana Gold (NYSE:AUY) traded up 2.4417% during midday trading on Monday, reaching $3.7801. The company’s stock had a trading volume of 17,215,973 shares. The stock’s 50-day moving average price is $4.25 and its 200 day moving average price is $4.73. The firm’s market capitalization is $3.58 billion. Yamana Gold has a 1-year low of $1.38 and a 1-year high of $5.99.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s payout ratio is currently -1.01%.
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Yamana Gold by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 4,435,925 shares of the company’s stock valued at $13,485,000 after buying an additional 1,564,520 shares during the last quarter. Credit Agricole S A increased its stake in Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock valued at $25,952,000 after buying an additional 570,289 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in 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 valued at $11,415,000 after buying an additional 51,221 shares during the last quarter. AXA increased its stake in Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock valued at $3,324,000 after buying an additional 344,342 shares during the last quarter. Finally, Prudential PLC increased its stake in Yamana Gold by 7.4% in the first quarter. Prudential PLC now owns 22,372,974 shares of the company’s stock valued at $68,014,000 after buying an additional 1,542,762 shares during the last quarter. 49.64% of the stock is owned by institutional investors and hedge funds.
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.
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