Yamana Gold (NYSE:AUY) (TSE:YRI) released its earnings results on Thursday. The basic materials company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Fidelity Earnings reports. Yamana Gold had a positive return on equity of 3.49% and a negative net margin of 15.63%. The company had revenue of $416.80 million for the quarter.
Shares of NYSE AUY traded down $0.07 during mid-day trading on Friday, hitting $2.37. The company had a trading volume of 15,549,762 shares, compared to its average volume of 12,134,958. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 29.63 and a beta of 0.91. Yamana Gold has a 12 month low of $2.30 and a 12 month high of $3.80. The company has a current ratio of 1.04, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41.
A number of research analysts have commented on the company. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Raymond James increased their target price on Yamana Gold from $3.50 to $3.75 and gave the stock a “market perform” rating in a report on Monday, July 30th. BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $3.00 to $4.25 in a report on Tuesday, July 31st. TheStreet raised Yamana Gold from a “d+” rating to a “c” rating in a report on Friday, July 27th. Finally, ValuEngine downgraded Yamana Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $3.72.
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. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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