FY2017 Earnings Estimate for Yamana Gold Inc. Issued By Cormark (YRI)
Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) – Investment analysts at Cormark dropped their FY2017 earnings per share estimates for shares of Yamana Gold in a research report issued to clients and investors on Friday. Cormark analyst R. Gray now forecasts that the company will post earnings of $0.10 per share for the year, down from their prior forecast of $0.12. Cormark also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.04 EPS and Q4 2018 earnings at $0.04 EPS.
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Separately, National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$6.25 to C$4.75 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$5.28.
Shares of Yamana Gold (TSE YRI) opened at 3.26 on Monday. The firm’s 50 day moving average price is $3.36 and its 200 day moving average price is $3.44. The stock’s market cap is $3.09 billion. Yamana Gold has a 52-week low of $2.84 and a 52-week high of $5.15.
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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