Cormark Analysts Cut Earnings Estimates for Yamana Gold Inc. (NYSE:AUY)

Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) – Equities researchers at Cormark reduced their Q2 2022 earnings per share (EPS) estimates for shares of Yamana Gold in a note issued to investors on Friday, April 29th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.05. Cormark also issued estimates for Yamana Gold’s Q3 2022 earnings at $0.07 EPS, Q4 2022 earnings at $0.07 EPS, FY2023 earnings at $0.31 EPS and FY2024 earnings at $0.34 EPS.

AUY has been the subject of several other reports. Barclays upped their target price on Yamana Gold from $5.00 to $6.00 in a report on Thursday, April 21st. Canaccord Genuity Group upped their target price on Yamana Gold from C$8.00 to C$9.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. StockNews.com cut Yamana Gold from a “buy” rating to a “hold” rating in a report on Monday, April 25th. CSFB set a $5.25 target price on Yamana Gold and gave the company an “outperform” rating in a report on Friday, February 18th. Finally, Stifel Nicolaus increased their price target on Yamana Gold from C$10.00 to C$10.25 in a report on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $62.28.

Shares of NYSE:AUY opened at $5.51 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $5.57 and a two-hundred day moving average of $4.66. The stock has a market cap of $5.30 billion, a P/E ratio of 36.73, a PEG ratio of 8.93 and a beta of 1.43. Yamana Gold has a 52-week low of $3.70 and a 52-week high of $6.40.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last posted its quarterly earnings data on Thursday, February 17th. The basic materials company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm had revenue of $503.80 million during the quarter. Yamana Gold had a return on equity of 6.30% and a net margin of 8.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Yamana Gold by 85.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,082 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 3,729 shares during the period. PYA Waltman Capital LLC purchased a new position in Yamana Gold in the fourth quarter valued at about $38,000. Oppenheimer & Co. Inc. purchased a new position in Yamana Gold in the third quarter valued at about $41,000. Mraz Amerine & Associates Inc. purchased a new position in Yamana Gold in the third quarter valued at about $42,000. Finally, Hancock Whitney Corp purchased a new position in Yamana Gold in the fourth quarter valued at about $42,000. 41.82% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.18%. Yamana Gold’s dividend payout ratio (DPR) is presently 80.00%.

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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