Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Investment analysts at Cormark upped their Q1 2020 earnings per share (EPS) estimates for shares of Yamana Gold in a report issued on Monday, July 29th. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.02. Cormark also issued estimates for Yamana Gold’s Q2 2020 earnings at $0.03 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at $0.12 EPS.
AUY has been the topic of a number of other reports. Desjardins restated a “hold” rating on shares of Yamana Gold in a report on Monday, April 22nd. CIBC restated a “buy” rating and issued a $4.00 price target on shares of Yamana Gold in a report on Monday. ValuEngine cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada cut shares of Yamana Gold from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $3.00 to $2.50 in a report on Friday, April 26th. Finally, Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $3.00 target price for the company in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price of $3.17.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Yamana Gold had a negative net margin of 7.49% and a positive return on equity of 2.32%. The business had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $448.19 million. During the same period last year, the business earned $0.02 EPS. The company’s revenue was up 6.4% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a yield of 1.36%. Yamana Gold’s dividend payout ratio (DPR) is 16.67%.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Yamana Gold by 5.3% in the 4th quarter. BlackRock Inc. now owns 498,850 shares of the basic materials company’s stock worth $1,177,000 after purchasing an additional 24,962 shares in the last quarter. Clean Yield Group acquired a new stake in Yamana Gold in the 1st quarter worth approximately $37,000. Exane Derivatives boosted its stake in Yamana Gold by 1,691.7% in the 1st quarter. Exane Derivatives now owns 669,057 shares of the basic materials company’s stock worth $1,746,000 after purchasing an additional 631,714 shares in the last quarter. Legal & General Group Plc boosted its stake in Yamana Gold by 6.8% in the 4th quarter. Legal & General Group Plc now owns 936,005 shares of the basic materials company’s stock worth $2,199,000 after purchasing an additional 59,659 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in Yamana Gold by 11.1% in the 1st quarter. Fiera Capital Corp now owns 249,900 shares of the basic materials company’s stock worth $651,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 43.91% of the company’s stock.
Yamana Gold Company Profile
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
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