AUY - Yamana Gold Inc.

NYSE - NYSE Delayed Price. Currency in USD
1.8800
+0.0300 (+1.62%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close1.8500
Open1.8500
Bid1.8700 x 1100
Ask1.8700 x 1300
Day's Range1.8200 - 1.9000
52 Week Range1.8200 - 3.2300
Volume6,864,586
Avg. Volume11,685,303
Market Cap1.778B
Beta (3Y Monthly)0.37
PE Ratio (TTM)N/A
EPS (TTM)-0.1350
Earnings DateN/A
Forward Dividend & Yield0.02 (0.91%)
Ex-Dividend Date2019-06-27
1y Target Est3.86
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  • Yamana Gold Stock Is Stifled By the Range-Bound Gold Market
    InvestorPlace20 days ago

    Yamana Gold Stock Is Stifled By the Range-Bound Gold Market

    Yamana Gold (NYSE:AUY) stock fell following its quarterly report. The Toronto-based gold producer beat earnings estimates but missed on revenue. This left Yamana Gold stock falling back towards 52-week lows.Source: Shutterstock Yamana Gold has moved to stabilize its balance sheet in recent weeks. However, until the gold market sees significant upward price movements, both AUY and other gold stocks will see little traction.For its first quarter, the company reported earnings of two cents per share. This beat analyst estimates by one penny per share. AUY lost three cents per share in the first quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, revenues of $407.1 million missed expectations by $7.39 million. They also fell 10.5% from year-ago levels. Even worse, revenue fell short in a quarter where production exceeded analyst estimates. AUY stock fell by more than 3% in morning trading following the announcement. * 7 Energy Stocks to Buy to Light Up Your Portfolio During the quarter, Yamana Gold sold its Chapada copper and gold mine in Brazil to Lundin Mining (OTCMKTS:LUNMF) for over $1 billion. As our own Will Ashworth points out, this allows Yamana to bring down its $1.793 billion debt burden. Yamana Gold Is a Proxy for Gold PricesI agree with my colleague that this sale strengthens the balance sheet of AUY stock. Does it make AUY a buy? I'm not so sure.On the surface, the forward price-to-earnings (PE) ratio of around 14.9 appears reasonable. It looks even better when traders factor in predicted earnings increases. Wall Street expects profit growth to average about 40% per year over the next five years.Still, such forecasts tend not to guide gold stocks. Historically, Yamana Gold stock and the equities of peers such as Newmont Goldcorp (NYSE:NEM) and Lundin Mining tend to become proxies for gold prices. Unfortunately for Yamana Gold investors, gold prices have seen little traction over the last few years. AUY stock briefly surpassed $20 per share in 2012 as gold prices surged toward $2,000 per oz.However, the price of gold has not exceeded $1,400 per oz. since 2013. Consequently, it has remained range-bound since that year. Over the last 5.5 years, gold has bottomed at about $1,050 per oz. and has seen a top of around $1,375 per oz.This has left Yamana Gold stock trading in a range. As a result, the stock price trades at levels it saw in 2015. Now, with gold at around $1,275 per oz., AUY stock has traded between $2 per share and just above $3 per share for the last two years. Yamana Gold and the Looming BearGold tends to rise when investors lose confidence in the reserve currency, which remains the U.S. dollar. However, in the midst of a crisis, history shows that traders lose confidence in gold.At the height of the 2008 financial crisis, gold fell in value as investors flocked to the perceived safety of the U.S. dollar. Gold did not rise again until 2010 when investors started to want an alternative to the dollar. After about three years, the price of gold fell back to the range where it trades today.As things stand now, I don't see any catalyst that will take gold sufficiently higher. If history serves as a guide, a stock market swoon will become bearish for the dollar, and by extension, AUY stock. As long as investors retain their confidence in the dollar, neither gold nor gold stocks will break out of their respective ranges. The Bottom Line on Yamana Gold StockAfter earnings, expect little activity from AUY stock until it can rise out of its trading range. AUY sold off as the company missed revenue estimates despite increased production.On the surface, AUY looks increasingly solid. Selling the Chapada mine should reduce its debt. Moreover, the reasonable PE ratio and the high levels of profit growth predicted should presumably send Yamana Gold stock higher.Unfortunately, gold stocks tend to follow the price of gold. As gold has remained range-bound, so too has AUY stock. Even worse, no apparent catalyst has appeared that would take gold higher.If investors lost confidence in the dollar, both gold and Yamana Gold stock would become a screaming buy at current levels. However, as things stand now, things will likely get worse before conditions improve for AUY.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Yamana Gold Stock Is Stifled By the Range-Bound Gold Market appeared first on InvestorPlace.

  • Thomson Reuters StreetEvents21 days ago

    Edited Transcript of YRI.TO earnings conference call or presentation 2-May-19 12:30pm GMT

    Q1 2019 Yamana Gold Inc Earnings Call

  • Why This Gold Miner Just Doubled Its Dividend
    Motley Fool21 days ago

    Why This Gold Miner Just Doubled Its Dividend

    Yamana Gold has announced something huge: a doubling of its dividend. How did it manage that and what does it mean for investors?

  • GlobeNewswire22 days ago

    Yamana Gold Announces Voting Results From Annual Meeting of Shareholders

    TORONTO, May 03, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) herein announces the results of the votes held at the annual meeting of shareholders for the election of.

  • Yamana Gold Inc (AUY) Q1 2019 Earnings Call Transcript
    Motley Fool23 days ago

    Yamana Gold Inc (AUY) Q1 2019 Earnings Call Transcript

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  • Yamana Gold Beats Earnings Estimates
    GuruFocus.com23 days ago

    Yamana Gold Beats Earnings Estimates

    Shares of Yamana Gold Inc. (AUY) were 0.46% lower at $2.15 in after-hours trading on Wednesday. Revenue came in at $407.1 million, down 10.5% from the prior-year quarter and missing consensus estimates by $7.4 million as a result of lower metal prices. The average realized gold price declined 2% to $1,301 per ounce, the average realized silver price fell 8.3% to $15.52 per ounce and the average realized price of copper dropped 7% to $2.91 per pound.

  • GlobeNewswire24 days ago

    Yamana Gold Announces Normal Course Issuer Bid

    YAMANA GOLD INC. (“Yamana” or the “Company”) (YRI.TO) (AUY) announces that the Toronto Stock Exchange (the “TSX”) has accepted the notice of Yamana’s intention to commence a normal course issuer bid (the “NCIB”). On April 15, 2019, the Company announced its intention to make an NCIB to purchase up to 5% of the Company’s issued and outstanding common shares on the TSX and the New York Stock Exchange (the “NYSE”), subject to the approval of the TSX.  The TSX approval allows the Company to purchase up to 47,513,266 common shares (representing 5% of the Company’s 950,265,316 issued and outstanding Common Shares as of April 30, 2019) over a period of twelve months commencing on May 6, 2019.

  • Associated Press24 days ago

    Yamana Gold: 1Q Earnings Snapshot

    The Toronto-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 3 cents per share. The results topped Wall Street expectations. ...

  • GlobeNewswire24 days ago

    Yamana Gold Announces First Quarter 2019 Results

    NYSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the first quarter 2019. The Company exceeded total gold-equivalent ounces ("GEO")(1) production expectations, and achieved this at GEO costs in line with expectations. For 2019, the Company’s mine-by-mine outlook for production and costs is unchanged.

  • GlobeNewswire24 days ago

    Yamana Gold Declares Second Quarter Dividend

    TORONTO, May 01, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) declares a second quarter 2019 dividend of $0.005 per share.  Shareholders of record.

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    Market Realist25 days ago

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    Yamana Gold: What to Expect from Its Q1 Results(Continued from Prior Part)Analysts’ sentimentAmong senior and intermediate gold miners (GDX) (GDXJ), Yamana Gold (AUY) is third based on the highest “buy” ratings from the analysts. Yamana

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    Market Realist26 days ago

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    Market Realist29 days ago

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    Motley Foollast month

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  • Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List
    InvestorPlacelast month

    Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List

    I don't know if the management team at Yamana Gold (NYSE:AUY) thought about the ramifications of selling its Chapada copper and gold mine in Brazil other than substantially reducing its debt. However, it's impossible not to think AUY stock will be affected by the move. Source: Shutterstock In a good way. InvestorPlace - Stock Market News, Stock Advice & Trading TipsAUY is now more attractive to potential suitors. Here's why. The Details of the SaleLundin Mining (TSX:LUN) is the company that bought Chapada. It is paying $800 million in cash for the mine with as much as an additional $125 million based on the price of gold, and another $100 million payment for fulfilling a couple of other considerations. You can read about the specifics here. Who is Lundin Mining? * 7 Tech Stocks With Too Much Risk, Not Enough Upside It's a Toronto-based company with a market cap twice the size of Yamana's. It produces mostly base metals like copper, zinc, and nickel. In 2019, Lundun Mining's production guidance for gold was just 4%. The Chapada acquisition adds 59,000 tonnes of copper and 121,000 ounces of gold. Yamana had plans to expand the gold production at the mine. Lundin's expected to focus on growing the copper production. Lundin's on the lookout for assets to buy; Chapada nicely fits the bill. For Yamana, the cash will lower its debt from $1.7 billion to approximately $900 million, reducing its debt as a percentage of its market cap, from 77% before the sale to 43% after. Yamana Production Post-ChapadaWith the sale of the copper-gold mine, Yamana becomes a pure-play precious metals company, with 2019 gold equivalent output (85% gold, 15% silver) of 1 million ounces, increasing to 1.02 million ounces in 2020 and 2021. Not only does Yamana's balance sheet get stronger, but its free cash flow could also benefit from the deal. It expects its annual capital expenditures to fall by approximately $47 million over the next three years despite committing an additional $25 million annually to exploration. The company's focus for its individual mines is annual production of at least 130,000 ounces, which gives it the size and scale necessary to make the mine worthwhile from a capital investment and profitability perspective. After Chapada, it will have seven out of eight mines producing at least this amount with its Minera Florida gold and silver mine in Chile expected to go over the minimum once it carries out further exploration activities at the site. The Bottom Line on AUY StockThe sale of Chapada makes it both a hunter with the financial wherewithal to buy assets from struggling miners, and an attractive M&A candidate to bigger precious-metal producers such as Agnico Eagle Mines (NYSE:AEM) and others searching for growth. My InvestorPlace colleague discussed the M&A situation in February:This is what Aaron Levitt wrote:"For investors, this creates an interesting scenario. Already, many gold stocks have moved higher over the last year as prices for the precious metal have increased, profitability has improved and the situation in the sector isn't so dire…But now, with the majors starting to wheel and deal, and the middle tier firms being forced to think about acquisitions as well, the whole sector should start to trade at a bit of a buyout premium. This is sort of exactly what happened back in 2006/2007 when the last round of major gold stock M&A happened."I can't say what's going to happen to AUY stock tomorrow or the day after.What I do know is that long term, Yamana's sale of Chapada puts AUY stock in a much better light. At current prices, if a gold play is your thing, I'd say buy away. If it drops below $2, I'd buy some more. In this case, addition by subtraction makes Yamana a better buy. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Recent Moves by Yamana Gold Put AUY Stock High up on the Buy List appeared first on InvestorPlace.

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  • Yamana Gold Sells Brazilian Mine for More Than $1 Billion
    GuruFocus.comlast month

    Yamana Gold Sells Brazilian Mine for More Than $1 Billion

    Shares of Yamana Gold Inc. (AUY) fell 2.73% to $2.49 per share on Monday after the Canadian miner announced it agreed to sell its Chapada open-pit, gold-copper mine in Brazil to L undin Mining Corp. (LUN.TO) for more than $1 billion. While the sale of Chapada, one of the company's main assets, will shrink total equivalent gold production by 12% to 15%, shareholders will benefit from share price appreciation. Warning! GuruFocus has detected 2 Warning Signs with AUY.