According to Zacks, “Yamana Gold is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. “
Several other research analysts also recently weighed in on AUY. ValuEngine upgraded Yamana Gold from a sell rating to a hold rating in a research note on Friday, January 4th. CIBC upgraded Yamana Gold from a neutral rating to an outperform rating and lifted their target price for the company from $3.20 to $3.75 in a research note on Monday, January 21st. Credit Suisse Group set a $4.00 price target on Yamana Gold and gave the company a buy rating in a report on Friday, February 15th. Finally, TheStreet raised Yamana Gold from a d rating to a c- rating in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $3.31.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, February 14th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Yamana Gold had a positive return on equity of 2.73% and a negative net margin of 15.99%. The company had revenue of $483.40 million for the quarter, compared to the consensus estimate of $495.01 million. During the same period last year, the business posted ($0.20) EPS. The company’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that Yamana Gold will post 0.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.87%. Yamana Gold’s dividend payout ratio is presently 16.67%.
A number of hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Yamana Gold by 30.1% during the third quarter. FMR LLC now owns 1,925,622 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 445,002 shares in the last quarter. Renaissance Technologies LLC increased its position in Yamana Gold by 26.5% during the third quarter. Renaissance Technologies LLC now owns 10,672,290 shares of the basic materials company’s stock worth $26,574,000 after buying an additional 2,237,015 shares in the last quarter. Deutsche Bank AG increased its position in Yamana Gold by 16.0% during the third quarter. Deutsche Bank AG now owns 16,625,909 shares of the basic materials company’s stock worth $41,397,000 after buying an additional 2,289,653 shares in the last quarter. Mackenzie Financial Corp increased its position in Yamana Gold by 17.7% during the third quarter. Mackenzie Financial Corp now owns 6,817,492 shares of the basic materials company’s stock worth $16,976,000 after buying an additional 1,026,433 shares in the last quarter. Finally, HRT Financial LLC purchased a new position in Yamana Gold during the third quarter worth $324,000. 46.66% of the stock is owned by hedge funds and other institutional investors.
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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