Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Analysts at Desjardins issued their FY2017 EPS estimates for shares of Yamana Gold in a report issued on Monday. Desjardins analyst J. Wolfson anticipates that the basic materials company will post earnings of $0.05 per share for the year. Desjardins has a “Hold” rating on the stock. Desjardins also issued estimates for Yamana Gold’s Q4 2017 earnings at $0.01 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.04 EPS and FY2019 earnings at $0.16 EPS.
AUY has been the subject of several other reports. Zacks Investment Research upgraded Yamana Gold from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. National Bank Financial cut Yamana Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 27th. TD Securities set a $4.00 price target on Yamana Gold and gave the stock a “buy” rating in a research report on Monday, October 16th. BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Yamana Gold in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Yamana Gold currently has an average rating of “Hold” and an average price target of $3.54.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.00%.
Several institutional investors have recently made changes to their positions in AUY. Van ECK Associates Corp lifted its stake in shares of Yamana Gold by 37.1% in the 2nd quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock valued at $256,603,000 after purchasing an additional 28,580,991 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Yamana Gold in the 2nd quarter valued at $11,066,000. Formula Growth Ltd. acquired a new position in shares of Yamana Gold in the 3rd quarter valued at $11,568,000. Public Sector Pension investment Board lifted its stake in shares of Yamana Gold by 245.3% in the 2nd quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock valued at $12,662,000 after purchasing an additional 3,732,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Yamana Gold by 6,965.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,554,859 shares of the basic materials company’s stock valued at $6,975,000 after purchasing an additional 2,518,697 shares during the last quarter. 40.64% of the stock is currently owned by institutional investors and hedge funds.
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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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