Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Research analysts at Cormark decreased their FY2017 earnings per share (EPS) estimates for shares of Yamana Gold in a note issued to investors on Friday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.08 per share for the year, down from their prior forecast of $0.10. Cormark also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.03 EPS and Q4 2018 earnings at $0.03 EPS.

A number of other analysts have also recently commented on AUY. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research note on Friday, October 20th. Royal Bank Of Canada set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, TD Securities set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.54.

COPYRIGHT VIOLATION WARNING: “Cormark Comments on Yamana Gold Inc.’s FY2017 Earnings (AUY)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/30/cormark-comments-on-yamana-gold-inc-s-fy2017-earnings-auy.html.

Shares of Yamana Gold (AUY) opened at 2.55 on Monday. The company has a 50 day moving average of $2.70 and a 200 day moving average of $2.67. The firm’s market cap is $2.42 billion. Yamana Gold has a 1-year low of $2.21 and a 1-year high of $3.85.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). Yamana Gold had a negative net margin of 20.19% and a positive return on equity of 0.71%. The business had revenue of $428.10 million during the quarter, compared to analyst estimates of $428.65 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bennicas & Associates Inc. lifted its stake in shares of Yamana Gold by 13.6% during the 3rd quarter. Bennicas & Associates Inc. now owns 200,675 shares of the basic materials company’s stock worth $532,000 after buying an additional 23,950 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Yamana Gold by 33.2% during the 3rd quarter. Aperio Group LLC now owns 244,515 shares of the basic materials company’s stock worth $648,000 after buying an additional 60,932 shares during the last quarter. Shell Asset Management Co. lifted its stake in shares of Yamana Gold by 141.2% during the 3rd quarter. Shell Asset Management Co. now owns 1,805,057 shares of the basic materials company’s stock worth $12,130,000 after buying an additional 1,056,833 shares during the last quarter. Afam Capital Inc. lifted its stake in shares of Yamana Gold by 0.5% during the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after buying an additional 3,533 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Yamana Gold by 16.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after buying an additional 6,616 shares during the last quarter. Institutional investors own 42.62% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio is presently -5.00%.

About Yamana Gold

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.

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

Receive News & Ratings for Yamana Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.