Yamana Gold Inc. (NYSE:AUY) declared a quarterly dividend on Monday, August 1st. Shareholders of record on Friday, September 30th will be paid a dividend of 0.005 per share on Friday, October 14th. This represents a $0.02 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Wednesday, September 28th.
Yamana Gold (NYSE:AUY) opened at 4.41 on Tuesday. The firm’s market capitalization is $4.18 billion. The firm has a 50-day moving average price of $4.84 and a 200-day moving average price of $4.65. Yamana Gold has a 52 week low of $1.38 and a 52 week high of $5.99.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Equities analysts forecast that Yamana Gold will post $0.13 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Barclays PLC upped their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. TD Securities reissued a “buy” rating and set a $7.50 target price (up previously from $7.00) on shares of Yamana Gold in a research report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. HSBC raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 target price for the company in a research report on Monday, July 25th. Finally, Credit Suisse Group AG raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.75.
A number of hedge funds have recently modified their holdings of AUY. Rational Advisors LLC purchased a new stake in shares of Yamana Gold during the second quarter valued at $101,000. Advisor Group Inc. purchased a new stake in shares of Yamana Gold during the second quarter valued at $186,000. Ingalls & Snyder LLC purchased a new stake in shares of Yamana Gold during the second quarter valued at $265,000. Highbridge Capital Management LLC purchased a new stake in shares of Yamana Gold during the second quarter valued at $294,000. Finally, Korea Investment CORP purchased a new stake in shares of Yamana Gold during the second quarter valued at $468,000. 49.59% of the stock is currently owned by hedge funds and other institutional investors.
Yamana Gold Company Profile
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
Receive News & Ratings for Yamana Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.