Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) declared a quarterly dividend on Thursday, July 26th, NASDAQ reports. Investors of record on Friday, September 28th will be paid a dividend of 0.005 per share by the basic materials company on Friday, October 12th. This represents a $0.02 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 27th.

Yamana Gold has decreased its dividend by an average of 51.7% per year over the last three years. Yamana Gold has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Yamana Gold to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 13.3%.

NYSE:AUY traded down $0.03 on Wednesday, reaching $2.52. 77,083 shares of the stock traded hands, compared to its average volume of 10,980,363. The company has a market capitalization of $2.38 billion, a PE ratio of 31.50 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.04. Yamana Gold has a 1-year low of $2.30 and a 1-year high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, July 26th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $431.50 million during the quarter, compared to the consensus estimate of $456.05 million. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. research analysts predict that Yamana Gold will post 0.11 EPS for the current year.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Raymond James increased their target price on shares of Yamana Gold from $3.50 to $3.75 and gave the company a “market perform” rating in a research report on Monday, July 30th. TheStreet raised shares of Yamana Gold from a “d+” rating to a “c” rating in a research report on Friday, July 27th. BMO Capital Markets raised shares of Yamana Gold from a “market perform” rating to an “outperform” rating and increased their target price for the company from $3.00 to $4.25 in a research report on Tuesday, July 31st. Finally, ValuEngine downgraded shares of Yamana Gold from a “sell” rating to a “strong sell” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $3.89.

About Yamana Gold

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.

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Dividend History for Yamana Gold (NYSE:AUY)

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