Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) announced a quarterly dividend on Friday, October 27th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.005 per share by the basic materials company on Friday, January 12th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, December 28th.

Yamana Gold has decreased its dividend by an average of 51.3% annually over the last three years. Yamana Gold has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Yamana Gold to earn $0.14 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 14.3%.

Shares of Yamana Gold (NYSE AUY) opened at $3.14 on Wednesday. The stock has a market capitalization of $2,836.01, a PE ratio of -7.85 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. Yamana Gold has a 1 year low of $2.21 and a 1 year high of $3.65.

A number of analysts recently issued reports on the company. BMO Capital Markets reissued a “hold” rating and issued a $3.00 target price on shares of Yamana Gold in a research report on Wednesday, December 20th. Desjardins reissued a “hold” rating on shares of Yamana Gold in a research report on Monday, December 11th. Royal Bank of Canada set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research report on Tuesday, October 17th. TD Securities set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, National Bank Financial cut Yamana Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.52.

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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.

Dividend History for Yamana Gold (NYSE:AUY)

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