Research Analysts Issue Forecasts for Yamana Gold Inc.’s Q1 2023 Earnings (NYSE:AUY)

Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) – Investment analysts at Raymond James issued their Q1 2023 earnings per share estimates for shares of Yamana Gold in a note issued to investors on Tuesday, April 19th. Raymond James analyst F. Hamed forecasts that the basic materials company will earn $0.07 per share for the quarter. Raymond James has a “Market Perform” rating and a $6.50 price objective on the stock. Raymond James also issued estimates for Yamana Gold’s Q2 2023 earnings at $0.07 EPS, Q3 2023 earnings at $0.07 EPS, Q4 2023 earnings at $0.07 EPS and FY2023 earnings at $0.29 EPS.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last issued its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. Yamana Gold had a net margin of 7.99% and a return on equity of 5.91%. The company had revenue of $503.80 million during the quarter.

A number of other research firms have also commented on AUY. Barclays upped their price objective on shares of Yamana Gold from $5.00 to $6.00 in a research note on Thursday. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 4th. Stifel Nicolaus upped their price objective on shares of Yamana Gold from C$10.00 to C$10.25 in a research note on Thursday, April 7th. Berenberg Bank reaffirmed a “buy” rating and set a $560.00 price objective on shares of Yamana Gold in a research note on Friday, February 18th. Finally, Canaccord Genuity Group upped their price objective on shares of Yamana Gold from C$8.00 to C$9.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $62.23.

Shares of NYSE AUY opened at $6.28 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.50 and a debt-to-equity ratio of 0.15. Yamana Gold has a twelve month low of $3.70 and a twelve month high of $6.40. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 41.87, a PEG ratio of 10.90 and a beta of 1.43. The firm has a 50-day moving average of $5.43 and a two-hundred day moving average of $4.58.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 30th. Yamana Gold’s dividend payout ratio (DPR) is 80.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management lifted its position in shares of Yamana Gold by 2.0% in the first quarter. Hollencrest Capital Management now owns 130,574 shares of the basic materials company’s stock worth $729,000 after purchasing an additional 2,500 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Yamana Gold by 10.9% in the third quarter. Ensign Peak Advisors Inc now owns 31,428 shares of the basic materials company’s stock worth $124,000 after buying an additional 3,100 shares during the last quarter. Scotia Capital Inc. increased its holdings in Yamana Gold by 21.3% in the third quarter. Scotia Capital Inc. now owns 18,166 shares of the basic materials company’s stock worth $72,000 after buying an additional 3,195 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Yamana Gold by 85.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,082 shares of the basic materials company’s stock worth $34,000 after buying an additional 3,729 shares during the last quarter. Finally, Creative Planning increased its holdings in Yamana Gold by 16.2% in the third quarter. Creative Planning now owns 30,046 shares of the basic materials company’s stock worth $119,000 after buying an additional 4,178 shares during the last quarter. 41.82% of the stock is owned by institutional investors and hedge funds.

About Yamana Gold (Get Rating)

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. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

Further Reading

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

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