Yamana Gold Inc. Expected to Post Q1 2023 Earnings of $0.09 Per Share (TSE:YRI)

Yamana Gold Inc. (TSE:YRI – Get Rating) (NYSE:AUY) – Analysts at Raymond James issued their Q1 2023 earnings per share (EPS) estimates for Yamana Gold in a research report issued on Tuesday, April 19th. Raymond James analyst F. Hamed anticipates that the company will post earnings per share of $0.09 for the quarter. Raymond James currently has a “Hold” rating and a $6.00 target price on the stock. Raymond James also issued estimates for Yamana Gold’s Q2 2023 earnings at $0.09 EPS, Q3 2023 earnings at $0.09 EPS, Q4 2023 earnings at $0.09 EPS and FY2023 earnings at $0.37 EPS.

Yamana Gold (TSE:YRI – Get Rating) (NYSE:AUY) last issued its earnings results on Thursday, February 17th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.11 by C$0.03. The business had revenue of C$635.16 million for the quarter.

Other analysts also recently issued research reports about the company. National Bank Financial lifted their price objective on Yamana Gold to C$6.75 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. Berenberg Bank reaffirmed a “buy” rating and issued a C$590.00 price objective on shares of Yamana Gold in a research note on Tuesday, April 5th. Royal Bank of Canada set a C$5.00 price objective on Yamana Gold and gave the stock a “sector perform” rating in a research note on Friday, February 18th. National Bankshares lifted their price objective on Yamana Gold from C$8.75 to C$9.25 in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their target price on Yamana Gold from C$8.00 to C$9.00 in a report on Wednesday, February 23rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Yamana Gold has an average rating of “Buy” and an average target price of C$60.43.

TSE:YRI opened at C$7.86 on Thursday. The company has a debt-to-equity ratio of 16.27, a current ratio of 1.87 and a quick ratio of 1.18. Yamana Gold has a 1 year low of C$4.78 and a 1 year high of C$8.05. The stock’s 50 day simple moving average is C$6.87 and its two-hundred day simple moving average is C$5.78. The company has a market cap of C$7.55 billion and a price-to-earnings ratio of 41.59.

In related news, Senior Officer Richard Campbell sold 6,422 shares of the business’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of C$5.72, for a total transaction of C$36,733.84. Following the completion of the transaction, the insider now owns 134,716 shares in the company, valued at approximately C$770,575.52. Also, Director Peter Marrone sold 128,325 shares of the business’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of C$6.75, for a total value of C$866,578.73. Following the transaction, the director now owns 2,202,158 shares of the company’s stock, valued at approximately C$14,871,172.97. In the last 90 days, insiders have sold 232,331 shares of company stock valued at $1,475,880.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 30th. Yamana Gold’s payout ratio is currently 59.52%.

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 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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