Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) declared a quarterly dividend on Tuesday, February 16th, Wall Street Journal reports. Investors of record on Wednesday, March 31st will be paid a dividend of 0.0263 per share by the basic materials company on Wednesday, April 14th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, March 30th.
Yamana Gold has raised its dividend by 259.4% over the last three years and has raised its dividend every year for the last 2 years. Yamana Gold has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Yamana Gold to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 26.8%.
Shares of NYSE AUY opened at $4.48 on Friday. The business has a fifty day simple moving average of $4.51 and a 200 day simple moving average of $5.32. The company has a current ratio of 1.44, a quick ratio of 1.16 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 0.27 and a beta of 1.40. Yamana Gold has a one year low of $2.73 and a one year high of $7.02.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Thursday, February 11th. The basic materials company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $461.80 million during the quarter. Yamana Gold had a return on equity of 5.42% and a net margin of 7.77%. On average, research analysts anticipate that Yamana Gold will post 0.31 earnings per share for the current fiscal year.
A number of brokerages recently commented on AUY. National Bank Financial restated a “sector perform” rating on shares of Yamana Gold in a research note on Wednesday, January 27th. TheStreet upgraded Yamana Gold from a “c+” rating to a “b-” rating in a research note on Monday, February 22nd. Cormark upped their price target on Yamana Gold to $10.75 and gave the company an “outperform” rating in a research report on Wednesday, February 17th. Stifel Nicolaus lowered their price target on Yamana Gold from $10.00 to $9.75 and set a “buy” rating on the stock in a research report on Monday, February 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $7.00 price target on shares of Yamana Gold in a research report on Friday, February 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Yamana Gold presently has a consensus rating of “Buy” and a consensus price target of $7.75.
Yamana Gold Company Profile
Yamana Gold Inc 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 producer. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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