Yamana Gold Inc. (TSE:YRI) (NYSE:AUY)’s stock price rose 2.7% during trading on Wednesday . The stock traded as high as C$4.60 and last traded at C$4.58, approximately 715,888 shares traded hands during mid-day trading. A decline of 74% from the average daily volume of 2,723,772 shares. The stock had previously closed at C$4.46.
YRI has been the subject of several research reports. Eight Capital increased their price objective on shares of Yamana Gold from C$4.50 to C$5.50 in a research note on Thursday, August 8th. BMO Capital Markets set a C$2.30 price objective on shares of Yamana Gold and gave the company a “market perform” rating in a research note on Wednesday, April 17th. National Bank Financial increased their price objective on shares of Yamana Gold from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Canaccord Genuity increased their price objective on shares of Yamana Gold from C$4.75 to C$5.25 in a research note on Friday, July 19th.
The company has a market capitalization of $4.12 billion and a price-to-earnings ratio of -31.79. The company has a current ratio of 1.66, a quick ratio of 0.17 and a debt-to-equity ratio of 47.02. The business’s 50 day moving average is C$3.75.
Yamana Gold (TSE:YRI) (NYSE:AUY) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.01. The company had revenue of C$620.02 million during the quarter. As a group, research analysts anticipate that Yamana Gold Inc. will post 0.11 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.013 dividend. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, September 27th. Yamana Gold’s dividend payout ratio is -14.29%.
About Yamana Gold (TSE:YRI)
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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