Yamana Gold Inc. (NYSE:AUY) – National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for shares of Yamana Gold in a research note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the firm will post earnings per share of $0.04 for the year, down from their previous forecast of $0.13.
AUY has been the topic of several other research reports. Barclays PLC raised their target price on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 8th. Credit Suisse Group AG raised Yamana Gold from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $4.50 to $6.50 in a research report on Thursday, June 30th. Zacks Investment Research lowered Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. HSBC reissued a “buy” rating on shares of Yamana Gold in a research report on Thursday, July 7th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.75.
Shares of Yamana Gold (NYSE:AUY) opened at 3.65 on Monday. Yamana Gold has a 52-week low of $1.38 and a 52-week high of $5.99. The firm has a 50-day moving average price of $4.27 and a 200 day moving average price of $4.71. The stock’s market cap is $3.46 billion.
Yamana Gold (NYSE:AUY) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The company earned $466.50 million during the quarter, compared to analysts’ expectations of $466.44 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a $0.005 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.55%. Yamana Gold’s dividend payout ratio (DPR) is presently -1.01%.
Several hedge funds have recently bought and sold shares of AUY. Fiera Capital Corp increased its stake in Yamana Gold by 88.3% in the second quarter. Fiera Capital Corp now owns 21,965,020 shares of the company’s stock worth $113,726,000 after buying an additional 10,298,487 shares during the period. AQR Capital Management LLC increased its stake in Yamana Gold by 250.9% in the second quarter. AQR Capital Management LLC now owns 14,360,258 shares of the company’s stock worth $74,307,000 after buying an additional 10,267,344 shares during the period. Acadian Asset Management LLC increased its stake in Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock worth $61,285,000 after buying an additional 9,269,923 shares during the period. Mackenzie Financial Corp acquired a new stake in Yamana Gold during the second quarter worth $26,393,000. Finally, Sprott Inc. increased its stake in Yamana Gold by 4,297.2% in the second quarter. Sprott Inc. now owns 3,235,366 shares of the company’s stock worth $16,824,000 after buying an additional 3,161,788 shares during the period. Hedge funds and other institutional investors own 49.64% of the company’s stock.
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.
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