(NYSE:AUY) (TSE:YRI) – Investment analysts at Raymond James upped their FY2021 earnings per share estimates for shares of Yamana Gold in a research report issued to clients and investors on Monday, January 17th. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.30 per share for the year, up from their prior forecast of $0.28. Raymond James currently has a “Market Perform” rating and a $6.00 price target on the stock.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, October 28th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. Yamana Gold had a return on equity of 6.04% and a net margin of 7.80%. The firm had revenue of $452.20 million for the quarter, compared to analyst estimates of $464.34 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.
AUY has been the topic of a number of other reports. National Bank Financial boosted their target price on shares of Yamana Gold from C$6.75 to C$7.00 in a research note on Friday, January 7th. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Thursday, December 9th. TheStreet raised shares of Yamana Gold from a “c+” rating to a “b” rating in a research report on Tuesday, November 2nd. Berenberg Bank reissued a “buy” rating and set a $7.40 price target on shares of Yamana Gold in a research report on Thursday, November 11th. Finally, Bank of America raised shares of Yamana Gold from a “neutral” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Monday, November 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $7.29.
Yamana Gold stock opened at $4.21 on Thursday. The company’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $4.18. The stock has a market cap of $4.04 billion, a P/E ratio of 28.07, a P/E/G ratio of 2.66 and a beta of 1.49. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of 0.15. Yamana Gold has a twelve month low of $3.70 and a twelve month high of $5.44.
The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, December 30th. Yamana Gold’s dividend payout ratio (DPR) is 80.00%.
Several large investors have recently made changes to their positions in AUY. Oppenheimer & Co. Inc. bought a new position in Yamana Gold during the 3rd quarter worth about $41,000. Mraz Amerine & Associates Inc. bought a new position in Yamana Gold in the third quarter valued at approximately $42,000. Enlightenment Research LLC acquired a new stake in Yamana Gold in the second quarter valued at approximately $48,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Yamana Gold during the third quarter worth $52,000. Finally, Inscription Capital LLC acquired a new position in Yamana Gold in the third quarter valued at $56,000. 43.22% of the stock is owned by institutional investors.
About Yamana Gold
Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on July 30, 2003 and is headquartered in Toronto, Canada.
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