Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) declared a quarterly dividend on Wednesday, February 14th, Zacks reports. Investors of record on Thursday, March 29th will be given a dividend of 0.005 per share by the basic materials company on Friday, April 13th. This represents a $0.02 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, March 28th.

Yamana Gold has decreased its dividend payment by an average of 51.7% per year over the last three years. Yamana Gold has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Yamana Gold to earn $0.24 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 8.3%.

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Yamana Gold (NYSE AUY) traded up $0.14 during trading hours on Friday, reaching $2.86. 9,328,034 shares of the company’s stock traded hands, compared to its average volume of 14,041,427. The stock has a market cap of $2,627.62, a P/E ratio of -13.57 and a beta of 0.88. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.08.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. The company had revenue of $478.80 million for the quarter. Yamana Gold had a negative net margin of 10.44% and a positive return on equity of 1.87%. research analysts anticipate that Yamana Gold will post 0.14 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Yamana Gold in a report on Wednesday, January 31st. Macquarie raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating in a report on Friday, February 9th. Desjardins reaffirmed a “hold” rating on shares of Yamana Gold in a report on Monday, December 11th. Finally, Credit Suisse Group raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price objective on the stock in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.66.

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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.

Dividend History for Yamana Gold (NYSE:AUY)

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