Wall Street brokerages predict that Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) will report earnings per share (EPS) of $0.03 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Yamana Gold’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.05. Yamana Gold reported earnings per share of $0.02 during the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is expected to issue its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Yamana Gold will report full year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.10. For the next financial year, analysts expect that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.09 to $0.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Yamana Gold.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The firm had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year.
AUY has been the subject of several research analyst reports. Vetr upgraded Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target for the company in a research note on Wednesday, April 19th. Royal Bank Of Canada set a $4.00 price target on Yamana Gold and gave the stock a “buy” rating in a research note on Tuesday, July 18th. TD Securities restated a “buy” rating and set a $5.50 price target on shares of Yamana Gold in a research note on Thursday, May 4th. BidaskClub lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, Scotiabank upped their price target on Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, May 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.71.
Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Yamana Gold by 37.1% in the second quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock worth $256,603,000 after buying an additional 28,580,991 shares during the period. Donald Smith & CO. Inc. raised its stake in Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock worth $177,776,000 after buying an additional 7,529,219 shares during the period. Vanguard Group Inc. raised its stake in Yamana Gold by 4.6% in the second quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after buying an additional 979,468 shares during the period. Hexavest Inc. raised its stake in Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock worth $55,516,000 after buying an additional 19,088,889 shares during the period. Finally, Schroder Investment Management Group raised its stake in Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock worth $34,742,000 after buying an additional 3,699,810 shares during the period. Institutional investors and hedge funds own 41.02% of the company’s stock.
Shares of Yamana Gold (AUY) traded up 1.13% during trading on Friday, reaching $2.69. The company had a trading volume of 10,794,921 shares. The firm has a 50-day moving average of $2.50 and a 200 day moving average of $2.75. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $5.77. The firm’s market capitalization is $2.55 billion.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.005 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.74%. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.
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About Yamana Gold
Yamana Gold Inc is 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’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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