Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities research analysts at National Bank Financial issued their Q3 2017 earnings estimates for Yamana Gold in a report issued on Tuesday. National Bank Financial analyst D. Demarco expects that the basic materials company will post earnings per share of $0.02 for the quarter.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub downgraded Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. Finally, TD Securities set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.54.

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Shares of Yamana Gold (AUY) opened at 2.74 on Thursday. The stock’s market cap is $2.60 billion. The stock’s 50 day moving average is $2.78 and its 200 day moving average is $2.68. Yamana Gold has a 52-week low of $2.21 and a 52-week high of $3.95.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. During the same period in the previous year, the company earned $0.01 EPS. Yamana Gold’s revenue for the quarter was down 2.3% compared to the same quarter last year.

A number of large investors have recently made changes to their positions in AUY. Van ECK Associates Corp lifted its holdings 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 valued at $256,603,000 after acquiring an additional 28,580,991 shares during the period. Ameriprise Financial Inc. acquired a new position in Yamana Gold in the second quarter valued at approximately $11,066,000. Public Sector Pension investment Board increased its position in shares of Yamana Gold by 245.3% in the second quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock valued at $12,662,000 after buying an additional 3,732,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Yamana Gold by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after buying an additional 987,870 shares in the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of Yamana Gold in the second quarter valued at approximately $2,127,000. 42.39% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, September 28th. Yamana Gold’s payout ratio is presently -4.44%.

Yamana Gold Company Profile

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.

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

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