Desjardins Comments on Yamana Gold Inc.’s Q4 2020 Earnings (AUY)
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) – Stock analysts at Desjardins lifted their Q4 2020 earnings per share estimates for Yamana Gold in a research note issued to investors on Friday, April 12th. Desjardins analyst J. Wolfson now expects that the basic materials company will earn $0.03 per share for the quarter, up from their prior forecast of $0.02.
AUY has been the topic of several other research reports. TheStreet upgraded shares of Yamana Gold from a “d” rating to a “c-” rating in a report on Tuesday, February 19th. ValuEngine upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Credit Suisse Group set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, CIBC upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $3.20 to $3.75 in a report on Monday, January 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Yamana Gold presently has an average rating of “Hold” and an average target price of $3.31.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, February 14th. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $483.40 million for the quarter, compared to the consensus estimate of $495.01 million. Yamana Gold had a negative net margin of 15.99% and a positive return on equity of 2.73%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.20) EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a dividend of $0.005 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.80%. Yamana Gold’s payout ratio is 16.67%.
Large investors have recently bought and sold shares of the company. First Interstate Bank raised its position in shares of Yamana Gold by 10.6% in the fourth quarter. First Interstate Bank now owns 54,200 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 5,200 shares during the period. Cerebellum GP LLC increased its holdings in Yamana Gold by 7.6% in the 4th quarter. Cerebellum GP LLC now owns 78,240 shares of the basic materials company’s stock valued at $185,000 after buying an additional 5,518 shares during the period. Strategic Family Wealth Counselors L.L.C. bought a new position in Yamana Gold in the 4th quarter valued at about $26,000. Hellman Jordan Management Co. Inc. MA bought a new position in Yamana Gold in the 4th quarter valued at about $26,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Yamana Gold in the 1st quarter valued at about $28,000. Institutional investors own 46.66% of the company’s stock.
About Yamana Gold
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
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