Q1 2019 EPS Estimates for Yamana Gold (YRI) Decreased by Desjardins

Yamana Gold (TSE:YRI) (NYSE:AUY) – Equities research analysts at Desjardins cut their Q1 2019 EPS estimates for Yamana Gold in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.04. Desjardins also issued estimates for Yamana Gold’s Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.16 EPS.

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A number of other brokerages have also issued reports on YRI. National Bank Financial raised their price target on Yamana Gold from C$5.00 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Royal Bank of Canada lifted their target price on Yamana Gold from C$3.50 to C$4.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Canaccord Genuity lifted their target price on Yamana Gold from C$5.25 to C$6.00 in a research report on Friday, January 19th.

Shares of YRI stock opened at C$3.69 on Tuesday. Yamana Gold has a 52-week low of C$2.84 and a 52-week high of C$4.69.

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

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 28th.

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

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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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