Zacks: Brokerages Anticipate Yamana Gold Inc. (NYSE:AUY) Will Post Earnings of $0.09 Per Share

Analysts expect Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) to announce earnings per share of $0.09 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Yamana Gold’s earnings. Yamana Gold posted earnings per share of $0.10 in the same quarter last year, which would suggest a negative year-over-year growth rate of 10%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that Yamana Gold will report full-year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.30 to $0.32. For the next year, analysts forecast that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.31 to $0.39. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Yamana Gold.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 29th. The basic materials company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $437.40 million during the quarter. Yamana Gold had a net margin of 9.49% and a return on equity of 6.76%.

A number of equities research analysts have commented on the stock. National Bank Financial cut their target price on shares of Yamana Gold from C$7.75 to C$7.25 and set an “outperform” rating for the company in a research report on Friday, September 10th. National Bank of Canada raised shares of Yamana Gold from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 4th. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday. Raymond James reaffirmed a “market perform” rating and issued a $6.50 target price on shares of Yamana Gold in a research report on Tuesday, August 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Yamana Gold currently has an average rating of “Buy” and a consensus price target of $7.65.

Shares of AUY opened at $4.25 on Wednesday. The company has a market capitalization of $4.11 billion, a P/E ratio of 23.67 and a beta of 1.52. The company has a quick ratio of 1.45, a current ratio of 1.71 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $4.29 and a 200 day moving average of $4.56. Yamana Gold has a twelve month low of $3.99 and a twelve month high of $6.43.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Thursday, September 30th will be paid a dividend of $0.03 per share. This is a boost from Yamana Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, September 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.82%. Yamana Gold’s payout ratio is 31.25%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Enlightenment Research LLC bought a new stake in Yamana Gold in the 2nd quarter valued at $48,000. Pinnacle Associates Ltd. bought a new stake in Yamana Gold in the 1st quarter valued at $56,000. Forsta AP Fonden bought a new stake in Yamana Gold in the 1st quarter valued at $57,000. Smith Salley & Associates bought a new stake in Yamana Gold in the 2nd quarter valued at $63,000. Finally, Scotia Capital Inc. increased its holdings in Yamana Gold by 19.2% in the 2nd quarter. Scotia Capital Inc. now owns 14,971 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 2,414 shares during the last quarter. Institutional investors own 46.71% of the company’s stock.

About Yamana Gold

Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on July 30, 2003 and is headquartered in Toronto, Canada.

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