Analysts Anticipate Yamana Gold Inc. (AUY) to Post $0.01 Earnings Per Share

Equities analysts expect Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) to announce earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Yamana Gold’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.04. Yamana Gold reported earnings of ($0.01) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Yamana Gold will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.20. For the next year, analysts expect that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.13 to $0.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Yamana Gold.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $478.80 million during the quarter. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%.

Several equities analysts have recently weighed in on AUY shares. Credit Suisse Group upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price objective for the company in a report on Friday, January 26th. Scotiabank decreased their price objective on Yamana Gold from $3.50 to $3.25 and set a “sector perform” rating for the company in a report on Wednesday, February 21st. TD Securities decreased their price objective on Yamana Gold from $4.50 to $4.25 and set a “buy” rating for the company in a report on Tuesday, February 20th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $4.00 price objective on shares of Yamana Gold in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $3.66.

Shares of NYSE AUY traded down $0.01 during mid-day trading on Thursday, hitting $2.96. The company had a trading volume of 6,079,354 shares, compared to its average volume of 10,407,085. The stock has a market capitalization of $2,808.62, a price-to-earnings ratio of 37.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.08 and a quick ratio of 0.87. Yamana Gold has a one year low of $2.21 and a one year high of $3.80.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were paid a $0.005 dividend. The ex-dividend date was Wednesday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.68%. Yamana Gold’s dividend payout ratio (DPR) is currently 25.00%.

A number of large investors have recently modified their holdings of the stock. Fore Capital LLC acquired a new stake in Yamana Gold in the 4th quarter valued at about $156,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Yamana Gold by 17.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 188,660 shares of the basic materials company’s stock worth $589,000 after acquiring an additional 28,210 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Yamana Gold during the fourth quarter worth approximately $2,323,000. Two Sigma Investments LP lifted its position in Yamana Gold by 830.7% during the fourth quarter. Two Sigma Investments LP now owns 4,348,648 shares of the basic materials company’s stock worth $13,570,000 after acquiring an additional 3,881,382 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in Yamana Gold by 436.0% during the fourth quarter. Two Sigma Advisers LP now owns 2,091,371 shares of the basic materials company’s stock worth $6,525,000 after acquiring an additional 1,701,217 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

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Yamana Gold Company Profile

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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Earnings History and Estimates for Yamana Gold (NYSE:AUY)

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