Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Investment analysts at National Bank Financial cut their FY2016 earnings per share (EPS) estimates for Yamana Gold in a research note issued on Monday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.04 per share for the year, down from their previous forecast of $0.08. National Bank Financial also issued estimates for Yamana Gold’s Q4 2016 earnings at $0.00 EPS, FY2018 earnings at $0.18 EPS, FY2019 earnings at $0.13 EPS and FY2020 earnings at $0.16 EPS.

A number of other research analysts also recently issued reports on the stock. Credit Suisse Group reaffirmed a “neutral” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Yamana Gold in a research report on Friday. Barclays PLC reaffirmed a “hold” rating and issued a $4.00 price objective on shares of Yamana Gold in a research report on Wednesday. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd. BMO Capital Markets downgraded shares of Yamana Gold from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $6.00 to $3.25 in a research report on Monday, December 19th. Finally, RBC Capital Markets raised shares of Yamana Gold from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $7.00 to $4.50 in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.66.

Earnings History and Estimates for Yamana Gold (NYSE:AUY)

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Yamana Gold (NYSE:AUY) opened at 3.17 on Thursday. The company’s market capitalization is $3.00 billion. The firm has a 50-day moving average of $2.91 and a 200 day moving average of $4.17. Yamana Gold has a 52-week low of $1.38 and a 52-week high of $5.99.

Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Friday, October 28th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. The business earned $464.30 million during the quarter, compared to the consensus estimate of $507.61 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.63%. The ex-dividend date was Wednesday, December 28th. Yamana Gold’s payout ratio is -1.06%.

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Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Yamana Gold by 19.0% in the third quarter. JPMorgan Chase & Co. now owns 3,282,208 shares of the company’s stock valued at $14,147,000 after buying an additional 523,706 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Yamana Gold by 57.2% in the third quarter. Schroder Investment Management Group now owns 3,734,825 shares of the company’s stock valued at $19,988,000 after buying an additional 1,358,315 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Yamana Gold by 77.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,683,900 shares of the company’s stock valued at $7,239,000 after buying an additional 732,868 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Yamana Gold by 0.4% in the third quarter. Sei Investments Co. now owns 519,732 shares of the company’s stock valued at $2,240,000 after buying an additional 2,003 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Yamana Gold by 31.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,996,175 shares of the company’s stock valued at $31,027,000 after buying an additional 1,425,633 shares during the last quarter. Institutional investors and hedge funds own 47.30% of the company’s stock.

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.

5 Day Chart for NYSE:AUY

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