Analysts Anticipate Yamana Gold Inc. (AUY) Will Post Earnings of $0.03 Per Share

Brokerages expect that Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) will announce earnings per share (EPS) of $0.03 for the current quarter, according to Zacks. Zero analysts have made estimates for Yamana Gold’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.06. Yamana Gold also posted earnings of $0.03 per share in the same quarter last year. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, May 3rd.

According to Zacks, analysts expect that Yamana Gold will report full year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from ($0.02) to $0.25. For the next year, analysts expect that the company will report earnings of $0.22 per share, with EPS estimates ranging from $0.16 to $0.28. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Yamana Gold.

A number of research firms have recently issued reports on AUY. Credit Suisse Group AG set a $3.00 target price on shares of Yamana Gold and gave the stock a “hold” rating in a research note on Saturday, March 11th. Royal Bank of Canada restated a “buy” rating and set a $3.75 target price on shares of Yamana Gold in a research note on Tuesday, February 28th. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Barclays PLC restated a “hold” rating and set a $4.00 target price on shares of Yamana Gold in a research note on Wednesday, January 11th. Finally, Bank of America Corp cut shares of Yamana Gold from a “neutral” rating to an “underperform” rating and set a $2.80 target price for the company. in a research note on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Yamana Gold has an average rating of “Hold” and a consensus price target of $4.63.

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Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Yamana Gold by 2.3% in the fourth quarter. Van ECK Associates Corp now owns 61,879,873 shares of the basic materials company’s stock valued at $173,872,000 after buying an additional 1,405,881 shares during the period. Hexavest Inc. boosted its position in shares of Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock valued at $55,516,000 after buying an additional 19,088,889 shares during the last quarter. Norges Bank purchased a new position in shares of Yamana Gold during the fourth quarter valued at approximately $28,733,000. Renaissance Technologies LLC purchased a new position in shares of Yamana Gold during the fourth quarter valued at approximately $20,269,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Yamana Gold by 5.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,315,648 shares of the basic materials company’s stock valued at $27,151,000 after buying an additional 319,473 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Yamana Gold (NYSE:AUY) traded up 0.33% during midday trading on Tuesday, hitting $3.01. 12,692,865 shares of the company traded hands. The stock’s 50-day moving average is $2.80 and its 200-day moving average is $3.13. The firm’s market capitalization is $2.82 billion. Yamana Gold has a 12-month low of $2.46 and a 12-month high of $5.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, March 29th. Yamana Gold’s dividend payout ratio (DPR) is -1.06%.

Yamana Gold Company Profile

Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.

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