Yamana Gold Inc. (NYSE:AUY – Get Rating) (TSE:YRI) declared a quarterly dividend on Thursday, February 17th, Zacks reports. Investors of record on Thursday, March 31st will be given a dividend of 0.03 per share by the basic materials company on Thursday, April 14th. This represents a $0.12 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, March 30th.
Yamana Gold has raised its dividend payment by 77.8% over the last three years and has increased its dividend annually for the last 3 consecutive years. Yamana Gold has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Yamana Gold to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 36.4%.
AUY stock opened at $5.67 on Monday. The company has a current ratio of 1.87, a quick ratio of 1.50 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $4.81 and its 200 day moving average is $4.36. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 9.81 and a beta of 1.42. Yamana Gold has a 1-year low of $3.70 and a 1-year high of $5.79.
Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) last issued its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Yamana Gold had a net margin of 7.99% and a return on equity of 5.91%. The business had revenue of $503.80 million for the quarter. As a group, sell-side analysts forecast that Yamana Gold will post 0.27 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC purchased a new position in Yamana Gold during the fourth quarter valued at $49,000. Sei Investments Co. purchased a new position in Yamana Gold during the fourth quarter valued at $52,000. Vident Investment Advisory LLC lifted its position in Yamana Gold by 66.8% during the fourth quarter. Vident Investment Advisory LLC now owns 43,021 shares of the basic materials company’s stock valued at $181,000 after buying an additional 17,234 shares during the period. Tobam purchased a new position in Yamana Gold during the fourth quarter valued at $322,000. Finally, Squarepoint Ops LLC purchased a new position in Yamana Gold during the fourth quarter valued at $902,000. 41.82% of the stock is owned by institutional investors and hedge funds.
AUY has been the topic of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and set a $560.00 price target on shares of Yamana Gold in a research report on Friday, February 18th. National Bank Financial raised their target price on shares of Yamana Gold from C$6.50 to C$6.75 in a report on Thursday, February 10th. Credit Suisse Group restated an “outperform” rating and issued a $5.25 target price on shares of Yamana Gold in a report on Friday, February 18th. CSFB set a $5.25 target price on shares of Yamana Gold and gave the stock an “outperform” rating in a report on Friday, February 18th. Finally, Raymond James raised their target price on shares of Yamana Gold from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Tuesday, March 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Yamana Gold currently has an average rating of “Buy” and an average target price of $75.44.
Yamana Gold Company Profile (Get Rating)
Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.
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