Research Analysts Set Expectations for Yamana Gold Inc.’s Q1 2023 Earnings (NYSE:AUY)

Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) – Investment analysts at Raymond James issued their Q1 2023 earnings per share estimates for shares of Yamana Gold in a report issued on Tuesday, April 19th. Raymond James analyst F. Hamed forecasts that the basic materials company will post earnings per share of $0.07 for the quarter. Raymond James has a “Market Perform” rating and a $6.50 price objective on the stock. Raymond James also issued estimates for Yamana Gold’s Q2 2023 earnings at $0.07 EPS, Q3 2023 earnings at $0.07 EPS, Q4 2023 earnings at $0.07 EPS and FY2023 earnings at $0.29 EPS.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last released its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.11 earnings per share 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.

A number of other analysts have also recently weighed in on AUY. Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Friday, February 4th. Canaccord Genuity Group lifted their target price on shares of Yamana Gold from C$8.00 to C$9.00 and gave the stock a “buy” rating in a research note on Wednesday, February 23rd. Credit Suisse Group reiterated an “outperform” rating and issued a $5.25 target price on shares of Yamana Gold in a research note on Friday, February 18th. StockNews.com upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a research note on Friday, April 15th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $560.00 target price on shares of Yamana Gold in a research note on Friday, February 18th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $62.23.

NYSE:AUY opened at $5.91 on Thursday. Yamana Gold has a fifty-two week low of $3.70 and a fifty-two week high of $6.40. The stock has a market capitalization of $5.68 billion, a P/E ratio of 39.40, a P/E/G ratio of 10.90 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.50 and a current ratio of 1.87. The company’s 50-day simple moving average is $5.49 and its 200-day simple moving average is $4.60.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, March 30th. Yamana Gold’s payout ratio is 80.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Yamana Gold by 67.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock valued at $13,287,000 after purchasing an additional 2,046,440 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Yamana Gold by 852.5% during the 3rd quarter. Sigma Planning Corp now owns 158,842 shares of the basic materials company’s stock valued at $629,000 after purchasing an additional 142,166 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Yamana Gold by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 77,687 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 6,121 shares in the last quarter. GWM Advisors LLC increased its holdings in shares of Yamana Gold by 6.0% during the 3rd quarter. GWM Advisors LLC now owns 226,874 shares of the basic materials company’s stock valued at $898,000 after purchasing an additional 12,850 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Yamana Gold by 29.7% during the 3rd quarter. SG Americas Securities LLC now owns 42,992 shares of the basic materials company’s stock valued at $170,000 after purchasing an additional 9,838 shares in the last quarter. Institutional investors and hedge funds own 41.82% of the company’s stock.

Yamana Gold Company Profile (Get Rating)

Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

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

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