Yamana Gold Inc. (TSE:YRI) (NYSE:AUY) – Equities research analysts at Cormark boosted their Q2 2019 earnings per share (EPS) estimates for shares of Yamana Gold in a note issued to investors on Monday, July 8th. Cormark analyst R. Gray now expects that the company will earn $0.03 per share for the quarter, up from their previous forecast of $0.01. Cormark also issued estimates for Yamana Gold’s Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.03 EPS, Q3 2020 earnings at $0.03 EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at $0.10 EPS.
A number of other analysts also recently issued reports on YRI. Eight Capital lowered their target price on Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th. National Bank Financial cut Detour Gold to a “hold” rating in a report on Friday, June 28th. BMO Capital Markets began coverage on Yelp in a report on Wednesday, April 17th. They set an “outperform” rating for the company. Finally, Canaccord Genuity cut ProMetic Life Sciences to a “hold” rating in a report on Tuesday, April 23rd.
YRI opened at C$3.33 on Wednesday. The firm has a 50-day moving average price of C$2.95. Yamana Gold has a 1 year low of C$2.41 and a 1 year high of C$4.20. The firm has a market cap of $3.23 billion and a P/E ratio of -24.67. The company has a debt-to-equity ratio of 47.81, a current ratio of 0.93 and a quick ratio of 0.29.
Yamana Gold (TSE:YRI) (NYSE:AUY) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$541.27 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, July 12th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, June 27th. Yamana Gold’s dividend payout ratio (DPR) is currently -14.81%.
In related news, Director Peter Marrone purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of C$3.07 per share, for a total transaction of C$307,340.00. Following the completion of the purchase, the director now owns 1,916,781 shares in the company, valued at approximately C$5,891,034.73. Also, Senior Officer Daniel Racine acquired 70,000 shares of the stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of C$2.79 per share, with a total value of C$195,545.00. Following the completion of the transaction, the insider now owns 369,453 shares of the company’s stock, valued at C$1,032,066.96.
About Yamana Gold
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
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