Q3 2018 EPS Estimates for Yamana Gold Inc. Decreased by Cormark (NYSE:AUY)

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities research analysts at Cormark cut their Q3 2018 EPS estimates for Yamana Gold in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.08.

Other analysts have also issued research reports about the company. Scotiabank reaffirmed a “hold” rating and issued a $3.75 target price on shares of Yamana Gold in a research note on Friday, July 27th. TheStreet raised Yamana Gold from a “d+” rating to a “c” rating in a research note on Friday, July 27th. ValuEngine lowered Yamana Gold from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Finally, BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $3.00 to $4.25 in a research note on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.59.

AUY traded down $0.08 during midday trading on Thursday, hitting $2.19. The stock had a trading volume of 14,568,680 shares, compared to its average volume of 14,278,107. The firm has a market cap of $2.20 billion, a P/E ratio of 27.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.71. Yamana Gold has a 1 year low of $2.17 and a 1 year high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Thursday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $416.80 million during the quarter. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%.

Several large investors have recently added to or reduced their stakes in AUY. Cerebellum GP LLC purchased a new stake in shares of Yamana Gold during the second quarter valued at approximately $172,000. Signition LP bought a new position in shares of Yamana Gold during the third quarter valued at approximately $240,000. ARP Americas LP raised its holdings in shares of Yamana Gold by 144.6% during the second quarter. ARP Americas LP now owns 113,500 shares of the basic materials company’s stock valued at $331,000 after acquiring an additional 67,100 shares in the last quarter. Natixis raised its holdings in shares of Yamana Gold by 52.9% during the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 43,139 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Yamana Gold by 220.2% during the second quarter. Tower Research Capital LLC TRC now owns 147,005 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 101,097 shares in the last quarter. 42.15% of the stock is owned by hedge funds and other institutional investors.

About Yamana Gold

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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