Q3 2019 EPS Estimates for Yamana Gold Inc. (AUY) Reduced by Analyst

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Equities research analysts at Cormark dropped their Q3 2019 EPS estimates for shares of Yamana Gold in a report issued on Monday, October 29th. Cormark analyst R. Gray now forecasts that the basic materials company will post earnings per share of $0.06 for the quarter, down from their prior forecast of $0.07. Cormark also issued estimates for Yamana Gold’s Q4 2019 earnings at $0.06 EPS.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Yamana Gold had a positive return on equity of 3.42% and a negative net margin of 23.32%. The business had revenue of $416.80 million for the quarter.



Several other equities research analysts have also recently issued reports on the company. Barclays initiated coverage on Yamana Gold in a report on Wednesday, October 10th. They set an “underweight” rating and a $2.50 price objective on the stock. Credit Suisse Group restated an “outperform” rating on shares of Yamana Gold in a report on Monday, September 10th. ValuEngine upgraded Yamana Gold from a “strong sell” rating to a “sell” rating in a report on Thursday, October 18th. Raymond James raised their price objective on Yamana Gold from $3.50 to $3.75 and gave the stock a “market perform” rating in a report on Monday, July 30th. Finally, BMO Capital Markets upgraded Yamana Gold from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $3.00 to $4.25 in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.59.

AUY stock opened at $2.27 on Tuesday. Yamana Gold has a 52-week low of $2.23 and a 52-week high of $3.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.04. The firm has a market cap of $2.21 billion, a PE ratio of 28.38 and a beta of 0.91.

Institutional investors have recently modified their holdings of the stock. Natixis boosted its holdings in Yamana Gold by 52.9% in the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 43,139 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Yamana Gold by 220.2% in the second quarter. Tower Research Capital LLC TRC now owns 147,005 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 101,097 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Yamana Gold by 25.1% in the second quarter. Renaissance Technologies LLC now owns 8,435,275 shares of the basic materials company’s stock valued at $24,462,000 after acquiring an additional 1,694,400 shares during the last quarter. FMR LLC boosted its holdings in Yamana Gold by 24.4% in the second quarter. FMR LLC now owns 1,480,620 shares of the basic materials company’s stock valued at $4,314,000 after acquiring an additional 290,000 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Yamana Gold by 13.3% in the second quarter. Millennium Management LLC now owns 8,686,504 shares of the basic materials company’s stock valued at $25,191,000 after acquiring an additional 1,017,207 shares during the last quarter. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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

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