Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Research analysts at Cormark dropped their Q3 2018 earnings per share estimates for Yamana Gold in a research report issued on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.08.
A number of other brokerages have also recently issued reports on AUY. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Raymond James boosted their target price on shares of Yamana Gold from $3.50 to $3.75 and gave the company a “market perform” rating in a research report on Monday, July 30th. BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $3.00 to $4.25 in a research note on Tuesday, July 31st. TheStreet raised Yamana Gold from a “d+” rating to a “c” rating in a research note on Friday, July 27th. Finally, ValuEngine downgraded Yamana Gold from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.72.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, July 26th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $456.05 million. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. Yamana Gold’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Yamana Gold by 4.7% in the second quarter. Northern Trust Corp now owns 642,400 shares of the basic materials company’s stock valued at $1,862,000 after purchasing an additional 28,653 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Yamana Gold by 13.5% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 349,825 shares of the basic materials company’s stock worth $870,000 after acquiring an additional 41,500 shares in the last quarter. Natixis raised its stake in Yamana Gold by 52.9% during the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock worth $361,000 after acquiring an additional 43,139 shares in the last quarter. Cerebellum GP LLC acquired a new position in Yamana Gold during the second quarter worth about $172,000. Finally, ARP Americas LP raised its stake in Yamana Gold by 144.6% during the second quarter. ARP Americas LP now owns 113,500 shares of the basic materials company’s stock worth $331,000 after acquiring an additional 67,100 shares in the last quarter. 42.52% of the stock is owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, September 27th. Yamana Gold’s dividend payout ratio (DPR) is presently 25.00%.
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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