Insider Buying: Yamana Gold Inc. (YRI) Director Buys 100,000 Shares of Stock

Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) Director Peter Marrone bought 100,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of C$3.07 per share, with a total value of C$307,340.00. Following the transaction, the director now directly owns 1,916,781 shares in the company, valued at approximately C$5,891,034.73.

Peter Marrone also recently made the following trade(s):

  • On Friday, March 1st, Peter Marrone bought 9,000 shares of Yamana Gold stock. The stock was bought at an average cost of C$3.41 per share, with a total value of C$30,690.00.

YRI opened at C$2.98 on Friday. The stock has a market capitalization of $2.83 billion and a PE ratio of -9.93. Yamana Gold Inc. has a 1-year low of C$2.66 and a 1-year high of C$4.20. The company has a quick ratio of 0.26, a current ratio of 0.87 and a debt-to-equity ratio of 44.71.

Yamana Gold (TSE:YRI) (NYSE:AUY) last released its earnings results on Thursday, February 14th. The company reported C$0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.02. The company had revenue of C$638.95 million during the quarter. On average, equities analysts expect that Yamana Gold Inc. will post 0.150000009118542 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 29th were given a dividend of $0.007 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s dividend payout ratio is currently -6.67%.

Several equities research analysts have recently weighed in on YRI shares. Canaccord Genuity dropped their target price on shares of Yamana Gold from C$5.50 to C$4.25 in a research report on Tuesday, April 16th. CSFB reissued an “outperform” rating and issued a C$4.00 target price on shares of Yamana Gold in a research report on Tuesday, February 26th. BMO Capital Markets set a C$2.30 target price on shares of Yamana Gold and gave the stock a “market perform” rating in a research report on Wednesday. National Bank Financial downgraded shares of Yamana Gold from an “outperform overweight” rating to a “sector perform overweight” rating and dropped their target price for the stock from C$5.00 to C$3.75 in a research report on Thursday. Finally, Eight Capital dropped their target price on shares of Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th.

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Yamana Gold Company Profile

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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