$0.01 EPS Expected for Yamana Gold Inc. (NYSE:AUY) This Quarter

Analysts predict that Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) will announce earnings of $0.01 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Yamana Gold’s earnings, with estimates ranging from $0.00 to $0.01. Yamana Gold reported earnings of $0.02 per share during the same quarter last year, which would indicate a negative year over year growth rate of 50%. The business is scheduled to report its next earnings results on Thursday, October 24th.

On average, analysts expect that Yamana Gold will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.08. For the next financial year, analysts expect that the business will post earnings of $0.09 per share, with EPS estimates ranging from ($0.02) to $0.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Yamana Gold.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $463.50 million for the quarter, compared to analysts’ expectations of $448.19 million. Yamana Gold had a negative net margin of 7.49% and a positive return on equity of 2.32%. Yamana Gold’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS.

A number of equities research analysts recently commented on AUY shares. CIBC reaffirmed a “buy” rating and issued a $4.00 price target on shares of Yamana Gold in a report on Monday, July 29th. Raymond James lifted their price target on shares of Yamana Gold from $3.25 to $3.50 and gave the stock a “market perform” rating in a report on Monday, July 29th. TD Securities lowered their target price on shares of Yamana Gold from $4.25 to $3.50 and set a “buy” rating on the stock in a report on Monday, July 8th. ValuEngine cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $3.00 target price on the stock in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $3.17.

Shares of NYSE:AUY traded down $0.01 during mid-day trading on Friday, reaching $3.16. The company had a trading volume of 21,473,005 shares, compared to its average volume of 14,509,901. The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 26.33 and a beta of 0.96. The company has a 50-day simple moving average of $2.60. Yamana Gold has a one year low of $1.78 and a one year high of $3.25.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.01 per share. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.27%. Yamana Gold’s payout ratio is presently 16.67%.

A number of hedge funds have recently modified their holdings of AUY. GFS Advisors LLC bought a new stake in Yamana Gold during the 2nd quarter valued at $25,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Yamana Gold in the first quarter worth $28,000. Cetera Advisor Networks LLC bought a new position in shares of Yamana Gold in the first quarter worth $35,000. Clean Yield Group bought a new position in shares of Yamana Gold in the first quarter worth $37,000. Finally, AE Wealth Management LLC bought a new position in shares of Yamana Gold in the second quarter worth $55,000. 43.91% of the stock is currently owned by institutional investors and hedge funds.

About Yamana Gold

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

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