Brokerages Await Yamana Gold Inc. (AUY) Will Announce Revenue of $0.02 Per Share

Brokerages Await Yamana Gold Inc. (AUY) Will Announce Revenue of $0.02 Per Share

Brokerages expect Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) to announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Yamana Gold’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Yamana Gold reported earnings of $0.06 per share in the same quarter last year, which would suggest a negative year over year growth rate of 66.7%. The firm is expected to issue its next earnings results after the market closes on Thursday, February 14th.

According to Zacks, analysts expect that Yamana Gold will report full year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.11. For the next fiscal year, analysts forecast that the firm will report earnings of $0.10 per share, with EPS estimates ranging from $0.03 to $0.17. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Yamana Gold.

AUY has been the topic of several research reports. National Bank Financial reissued a “buy” rating on shares of Yamana Gold in a research report on Monday, November 12th. BMO Capital Markets lowered shares of Yamana Gold from an “outperform” rating to a “market perform” rating and set a $3.00 price target on the stock. in a research report on Monday, December 10th. ValuEngine lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. Finally, HSBC lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Yamana Gold presently has a consensus rating of “Hold” and an average target price of $3.42.

Shares of NYSE AUY traded up $0.08 during midday trading on Friday, hitting $2.77. The company’s stock had a trading volume of 14,025,647 shares, compared to its average volume of 10,876,107. Yamana Gold has a one year low of $2.00 and a one year high of $3.53. The company has a quick ratio of 0.71, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.55 billion, a P/E ratio of 34.63 and a beta of 0.87.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Yamana Gold by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after acquiring an additional 769,763 shares during the period. Vanguard Group Inc increased its holdings in Yamana Gold by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after acquiring an additional 769,763 shares during the period. Ruffer LLP bought a new stake in Yamana Gold during the 4th quarter worth approximately $43,419,000. Deutsche Bank AG increased its holdings in Yamana Gold by 16.0% during the 3rd quarter. Deutsche Bank AG now owns 16,625,909 shares of the basic materials company’s stock worth $41,397,000 after acquiring an additional 2,289,653 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Yamana Gold by 12.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,407,887 shares of the basic materials company’s stock worth $28,418,000 after acquiring an additional 1,304,091 shares during the period. 42.86% of the stock is currently owned by institutional investors.

Yamana Gold Company Profile

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. It also holds an option to earn a 70% ownership interest in the TPK property, a gold-silver-copper property located in northwestern Ontario.

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