Yamana Gold Inc. (AUY) to Post FY2017 Earnings of $0.02 Per Share, National Bank Financial Forecasts

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Stock analysts at National Bank Financial reduced their FY2017 earnings estimates for Yamana Gold in a research note issued to investors on Monday. National Bank Financial analyst S. Parsons now expects that the brokerage will earn $0.02 per share for the year, down from their prior estimate of $0.04.

AUY has been the subject of several other research reports. Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday, October 14th. TD Securities reiterated a “buy” rating and issued a $7.50 target price on shares of Yamana Gold in a research note on Tuesday, October 18th. RBC Capital Markets upgraded shares of Yamana Gold from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from $7.00 to $4.50 in a research note on Monday, December 12th. Zacks Investment Research lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, November 23rd. Finally, BMO Capital Markets lowered shares of Yamana Gold from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $6.00 to $3.25 in a research note on Monday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.87.

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

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Yamana Gold (NYSE:AUY) remained flat at $3.18 during trading on Wednesday. The stock had a trading volume of 12,466,240 shares. Yamana Gold has a one year low of $1.38 and a one year high of $5.99. The firm has a 50 day moving average price of $2.90 and a 200 day moving average price of $4.19. The firm’s market capitalization is $3.01 billion.

Yamana Gold (NYSE:AUY) last released its quarterly earnings results on Friday, October 28th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.02. Yamana Gold had a positive return on equity of 0.89% and a negative net margin of 97.73%. The business had revenue of $464.30 million for the quarter, compared to the consensus estimate of $507.61 million. During the same period in the prior year, the business posted ($0.02) earnings per share. Yamana Gold’s revenue was up 9.5% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is -1.06%.

COPYRIGHT VIOLATION NOTICE: “Yamana Gold Inc. (AUY) to Post FY2017 Earnings of $0.02 Per Share, National Bank Financial Forecasts” was first published by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be read at https://baseballnewssource.com/markets/yamana-gold-inc-auy-to-post-fy2017-earnings-of-0-02-per-share-national-bank-financial-forecasts/345516.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in Yamana Gold by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 119,908 shares of the company’s stock valued at $516,000 after buying an additional 429 shares during the period. Sei Investments Co. boosted its position in Yamana Gold by 0.4% in the third quarter. Sei Investments Co. now owns 519,732 shares of the company’s stock valued at $2,240,000 after buying an additional 2,003 shares during the period. Capstone Asset Management Co. boosted its position in Yamana Gold by 2.7% in the third quarter. Capstone Asset Management Co. now owns 87,326 shares of the company’s stock valued at $376,000 after buying an additional 2,320 shares during the period. Stephens Inc. AR boosted its position in Yamana Gold by 12.9% in the third quarter. Stephens Inc. AR now owns 40,868 shares of the company’s stock valued at $176,000 after buying an additional 4,668 shares during the period. Finally, World Asset Management Inc boosted its position in Yamana Gold by 7.9% in the third quarter. World Asset Management Inc now owns 63,605 shares of the company’s stock valued at $274,000 after buying an additional 4,684 shares during the period. Institutional investors own 47.30% of the company’s stock.

Yamana Gold Company Profile

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.

5 Day Chart for NYSE:AUY

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