Yamana Gold (YRI) Cut to Sector Perform Overweight at National Bank Financial

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National Bank Financial downgraded shares of Yamana Gold (TSE:YRI) (NYSE:AUY) from an outperform overweight rating to a sector perform overweight rating in a research note published on Thursday morning, BayStreet.CA reports. National Bank Financial currently has C$3.75 target price on the stock, down from their prior target price of C$5.00. National Bank Financial also issued estimates for Yamana Gold’s FY2020 earnings at $0.05 EPS.

Several other equities analysts have also issued reports on the company. CSFB restated an outperform rating and set a C$4.00 target price on shares of Yamana Gold in a research report on Tuesday, February 26th. BMO Capital Markets set a C$2.30 target price on Yamana Gold and gave the stock a market perform rating in a research report on Wednesday, April 17th. Eight Capital decreased their target price on Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th. Finally, Canaccord Genuity decreased their target price on Yamana Gold from C$5.50 to C$4.25 in a research report on Tuesday, April 16th.

Shares of YRI stock opened at C$2.98 on Thursday. The company has a debt-to-equity ratio of 44.71, a current ratio of 0.87 and a quick ratio of 0.26. The stock has a market capitalization of $2.83 billion and a P/E ratio of -9.93. Yamana Gold has a 12 month low of C$2.66 and a 12 month high of C$4.20.

Yamana Gold (TSE:YRI) (NYSE:AUY) last posted its earnings results on Thursday, February 14th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.02. The company had revenue of C$638.95 million for the quarter. Equities analysts anticipate that Yamana Gold will post 0.150000009118542 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 29th were issued a dividend of $0.007 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, March 28th. This is a boost from Yamana Gold’s previous quarterly dividend of $0.01. Yamana Gold’s payout ratio is -6.67%.

In other Yamana Gold news, Director Peter Marrone acquired 9,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of C$3.41 per share, for a total transaction of C$30,690.00. Following the acquisition, the director now directly owns 1,734,687 shares of the company’s stock, valued at approximately C$5,915,282.67. Also, Senior Officer Richard Campbell sold 12,776 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of C$3.68, for a total value of C$47,015.68. Following the completion of the sale, the insider now owns 55,783 shares in the company, valued at approximately C$205,281.44. Insiders have sold a total of 17,323 shares of company stock worth $61,819 in the last quarter.

Yamana Gold Company Profile

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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