Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) announced a quarterly dividend on Thursday, May 4th, Wall Street Journal reports. Stockholders of record on Friday, June 30th will be given a dividend of 0.005 per share by the basic materials company on Friday, July 14th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, June 28th.

Yamana Gold has decreased its dividend by an average of 51.3% per year over the last three years. Yamana Gold has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Yamana Gold to earn $0.22 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 9.1%.

Shares of Yamana Gold (NYSE AUY) opened at 2.52 on Friday. The firm’s market capitalization is $2.39 billion. Yamana Gold has a 52-week low of $2.33 and a 52-week high of $5.99. The stock has a 50 day moving average of $2.63 and a 200-day moving average of $2.87.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $403.50 million for the quarter, compared to the consensus estimate of $423.20 million. Yamana Gold had a negative net margin of 19.31% and a positive return on equity of 0.44%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. Equities analysts expect that Yamana Gold will post $0.05 earnings per share for the current fiscal year.

Dividend History for Yamana Gold (NYSE:AUY)

An institutional investor recently raised its position in Yamana Gold stock. Geode Capital Management LLC increased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 454,625 shares of the basic materials company’s stock after buying an additional 5,553 shares during the period. Geode Capital Management LLC’s holdings in Yamana Gold were worth $1,248,000 as of its most recent SEC filing. Institutional investors and hedge funds own 42.81% of the company’s stock.

AUY has been the topic of several research reports. BidaskClub lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets reissued a “hold” rating and set a $3.25 price objective on shares of Yamana Gold in a research note on Tuesday. Raymond James Financial, Inc. reissued a “market perform” rating and set a $3.25 price objective on shares of Yamana Gold in a research note on Thursday, June 15th. Royal Bank Of Canada reissued a “buy” rating and set a $3.75 price objective on shares of Yamana Gold in a research note on Tuesday, June 13th. Finally, National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Yamana Gold currently has a consensus rating of “Hold” and an average price target of $4.26.

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Yamana Gold Company Profile

Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.

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