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Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Raymond James cut their Q4 2021 earnings per share (EPS) estimates for Yamana Gold in a report issued on Tuesday, June 8th. Raymond James analyst F. Hamed now expects that the basic materials company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.10. Raymond James currently has a “Market Perform” rating and a $6.50 price target on the stock. Raymond James also issued estimates for Yamana Gold‘s Q2 2022 earnings at $0.08 EPS.
AUY has been the topic of several other reports. TheStreet raised Yamana Gold from a “c+” rating to a “b-” rating in a research report on Monday, February 22nd. Berenberg Bank reaffirmed a “buy” rating on shares of Yamana Gold in a research report on Wednesday, April 7th. Cormark raised their price target on Yamana Gold to $10.75 and gave the company an “outperform” rating in a research report on Wednesday, February 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Yamana Gold in a research report on Friday, February 12th. Finally, Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, April 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $7.65.
Shares of NYSE:AUY opened at $5.07 on Thursday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.48 and a beta of 1.56. The company has a 50-day simple moving average of $4.93. Yamana Gold has a 52-week low of $3.99 and a 52-week high of $7.02. The company has a current ratio of 1.56, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Wednesday, April 28th. The basic materials company reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $422.00 million for the quarter, compared to the consensus estimate of $450.00 million. Yamana Gold had a net margin of 12.97% and a return on equity of 6.93%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 14th. Investors of record on Wednesday, June 30th will be given a dividend of $0.0263 per share. This represents a $0.11 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, June 29th. Yamana Gold‘s dividend payout ratio (DPR) is presently 28.13%.
A number of hedge funds have recently added to or reduced their stakes in AUY. Norges Bank bought a new position in Yamana Gold during the fourth quarter worth about $68,553,000. Ameriprise Financial Inc. lifted its stake in Yamana Gold by 91.2% during the first quarter. Ameriprise Financial Inc. now owns 24,387,136 shares of the basic materials company’s stock worth $105,839,000 after purchasing an additional 11,631,896 shares during the period. Van ECK Associates Corp lifted its stake in Yamana Gold by 8.3% during the fourth quarter. Van ECK Associates Corp now owns 116,632,973 shares of the basic materials company’s stock worth $665,974,000 after purchasing an additional 8,975,256 shares during the period. Optiver Holding B.V. bought a new position in Yamana Gold during the first quarter worth about $12,805,000. Finally, JPMorgan Chase & Co. lifted its stake in Yamana Gold by 162.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,054,792 shares of the basic materials company’s stock worth $23,152,000 after purchasing an additional 2,509,833 shares during the period. 42.03% of the stock is currently owned by institutional investors and hedge funds.
About Yamana Gold
Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.
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