National Bank Financial Brokers Lift Earnings Estimates for Yamana Gold (YRI)

Yamana Gold (TSE:YRI) (NYSE:AUY) – Research analysts at National Bank Financial boosted their FY2018 earnings per share (EPS) estimates for Yamana Gold in a report issued on Thursday, May 3rd. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $0.22 for the year, up from their previous estimate of $0.20. National Bank Financial has a “Outperform Overweight” rating on the stock. National Bank Financial also issued estimates for Yamana Gold’s FY2019 earnings at $0.18 EPS and FY2020 earnings at $0.28 EPS.

Yamana Gold (TSE:YRI) (NYSE:AUY) last issued its earnings results on Thursday, February 15th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.04. The firm had revenue of C$608.11 million for the quarter. Yamana Gold had a negative net margin of 41.69% and a negative return on equity of 17.87%.

Several other research firms have also recently weighed in on YRI. Royal Bank of Canada lifted their price target on shares of Yamana Gold from C$3.50 to C$4.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Canaccord Genuity lifted their price target on shares of Yamana Gold from C$5.25 to C$6.00 in a report on Friday, January 19th.

TSE:YRI opened at C$3.78 on Monday. Yamana Gold has a twelve month low of C$2.84 and a twelve month high of C$4.69.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a $0.006 dividend. This represents a $0.02 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, June 28th.

In other news, Director Jane Sadowsky acquired 16,450 shares of the stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of C$3.06 per share, with a total value of C$50,337.00. Also, insider Yohann Bouchard acquired 27,500 shares of the stock in a transaction on Thursday, March 29th. The shares were purchased at an average cost of C$3.58 per share, with a total value of C$98,450.00. In the last quarter, insiders purchased 108,950 shares of company stock worth $378,837.

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.

Earnings History and Estimates for Yamana Gold (TSE:YRI)

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