Yamana Gold Inc. (AUY) Forecasted to Earn FY2017 Earnings of $0.05 Per Share
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities research analysts at Desjardins issued their FY2017 earnings per share (EPS) estimates for Yamana Gold in a report issued on Monday. Desjardins analyst J. Wolfson forecasts that the basic materials company will post earnings of $0.05 per share for the year. Desjardins currently has a “Hold” rating on the stock. Desjardins also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.01 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.04 EPS and FY2019 earnings at $0.16 EPS.
Other analysts also recently issued research reports about the stock. Royal Bank of Canada set a $4.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a report on Tuesday, October 17th. TD Securities set a $4.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a report on Monday, October 16th. BidaskClub raised shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Zacks Investment Research raised shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. Finally, National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.54.
Shares of Yamana Gold (NYSE AUY) opened at $2.63 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2,475.58, a PE ratio of 65.25 and a beta of 0.64. Yamana Gold has a twelve month low of $2.21 and a twelve month high of $3.65.
Several institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Yamana Gold by 37.1% during the 2nd quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock worth $256,603,000 after acquiring an additional 28,580,991 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after acquiring an additional 979,468 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Yamana Gold by 1.7% during the 3rd quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock worth $19,649,000 after acquiring an additional 122,420 shares during the period. Public Sector Pension investment Board lifted its holdings in shares of Yamana Gold by 245.3% during the 2nd quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock worth $12,662,000 after acquiring an additional 3,732,000 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Yamana Gold by 8.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock worth $13,106,000 after acquiring an additional 391,534 shares during the period. 40.64% of the stock is owned by institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.00%.
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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.
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