Yamana Gold Inc. (AUY) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Yamana Gold Inc. (NYSE:AUY) posted its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.01. During the same period in the previous year, the business earned ($0.01) EPS. The company had revenue of $466.50 million for the quarter, compared to analysts’ expectations of $466.44 million. Yamana Gold’s revenue was up 2.5% compared to the same quarter last year.

Shares of Yamana Gold (NYSE:AUY) traded down 0.34% during midday trading on Thursday, reaching $5.87. 14,128,783 shares of the company’s stock traded hands. Yamana Gold has a 12 month low of $1.38 and a 12 month high of $5.99. The stock’s market cap is $5.56 billion. The stock has a 50 day moving average of $5.36 and a 200-day moving average of $3.83.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a dividend of $0.005 per share. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.34%.

A number of analysts have commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and set a $3.50 target price on shares of Yamana Gold in a report on Thursday, May 5th. Vetr lowered shares of Yamana Gold from a “hold” rating to a “sell” rating and set a $3.22 target price for the company. in a report on Monday, April 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $5.75 target price (up previously from $5.10) on shares of Yamana Gold in a report on Friday, May 6th. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, BMO Capital Markets raised shares of Yamana Gold from a “market perform” rating to an “outperform” rating in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $4.25.

Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.