Yamana Gold (AUY) will release its results on Thursday


Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) is expected to release earnings data after market close on Thursday, July 28. Analysts expect Yamana Gold to post earnings of $0.05 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.

Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) last released its quarterly results on Wednesday, April 27. The basic materials company reported earnings per share of $0.09 for the quarter, beating consensus analyst estimates of $0.07 by $0.02. Yamana Gold had a net margin of 8.21% and a return on equity of 6.28%. The company had revenue of $441.90 million for the quarter. On average, analysts expect Yamana Gold to post EPS of $0 for the current fiscal year and EPS of $0 for the next fiscal year.

Yamana Gold is trading down 2.5%

AUY opened at $4.69 on Thursday. The company has a debt ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.65. The company’s 50-day simple moving average is $5.05 and its two-hundred-day simple moving average is $5.04. Yamana Gold has a 1-year low of $3.70 and a 1-year high of $6.40. The company has a market capitalization of $4.51 billion, a price-earnings ratio of 31.27 and a beta of 1.37.

Yamana Gold announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 14. Shareholders of record on Thursday, June 30 received a dividend of $0.03 per share. This represents an annualized dividend of $0.12 and a dividend yield of 2.56%. The ex-dividend date was Wednesday, June 29. Yamana Gold’s payout ratio is currently 80.00%.

A Wall Street analyst gives his opinion

AUY has been the subject of several research reports. Canaccord Genuity Group downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating and lowered its target price for the company from C$10.50 to C$7.50 in a Thursday report 2 June. Barclays raised its price target on Yamana Gold shares from $5.00 to $6.00 in a Thursday, April 21 research note. Raymond James set a price target of $7.00 on Yamana Gold shares and gave the stock a “market performance” rating in a Thursday, April 28 research note. StockNews.com moved shares of Yamana Gold from a “buy” rating to a “hold” rating in a Tuesday, May 31 research report. Finally, Stifel Nicolaus raised his price target on Yamana Gold shares from C$10.00 to C$10.25 in a Thursday, April 7 research report. Three research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.50.

Institutional investors weigh in on Yamana Gold

Major investors have recently increased or reduced their stake in the company. Vanguard Group Inc. increased its stake in Yamana Gold by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 31,360,706 shares of the basic materials company worth $174,992,000 after acquiring 616,049 additional shares last quarter. Royal Bank of Canada increased its position in Yamana Gold shares by 16.4% during the 1st quarter. Royal Bank of Canada now owns 30,974,436 shares of the basic materials company worth $172,838,000 after buying 4,374,525 more shares last quarter. Mackenzie Financial Corp increased its position in Yamana Gold shares by 27.0% during the first quarter. Mackenzie Financial Corp now owns 15,438,174 shares of the basic materials company worth $86,331,000 after buying 3,277,759 more shares last quarter. Invesco Ltd. increased its position in Yamana Gold shares by 552.2% in the 1st quarter. Invesco Ltd. now owns 5,826,389 shares of the basic materials company worth $32,511,000 after purchasing an additional 4,933,091 shares last quarter. Finally, Allianz Asset Management GmbH increased its stake in Yamana Gold shares by 36.2% in the 1st quarter. Allianz Asset Management GmbH now owns 4,995,139 shares of the basic materials company worth $27,914,000 after purchasing an additional 1,328,590 shares in the last quarter. 46.89% of the shares are held by institutional investors and hedge funds.

About Yamana Gold

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Yamana Gold Inc, together with its subsidiaries, operates as a producer of precious metals. It has gold and silver production, development-stage properties, exploration properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The company was previously known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

See also

Earnings History for Yamana Gold (NYSE:AUY)



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