|Bid||2.81 x 305200|
|Ask||2.95 x 3000|
|Day's Range||2.82 - 2.92|
|52 Week Range||2.40 - 3.80|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.02 (0.65%)|
|1y Target Est||3.92|
At the end of Q2 2018, Goldcorp’s net debt and adjusted net debt totaled $2.4 billion and $2.3 billion, respectively. Thus, the net debt to EBITDA (earnings before interest, tax, depreciation, and amortization) for the company was closer to 1.7x during the second quarter. Now it’s focusing on the deleveraging and strengthening its balance sheet further to prepare the company for the next phase of the capital investment cycle, which is expected to start after 2020 with the buildup of the next generation of mines.
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Historically, Iamgold (IAG) has traded at a lower valuation than its peers. However, after its significant turnaround in 2017 and year-to-date, its discount compared to its peers has decreased. Among Iamgold’s (IAG) close peers, Agnico Eagle Mines (AEM), Yamana Gold (AUY), Eldorado Gold (EGO), and New Gold (NGD) have forward multiples of 11.3x, 5.7x, 6.7x, and 4.6x, respectively.
Goldcorp (GG) reported its Q2 2018 earnings on July 25, 2018, after the market closed and held its earnings conference call on July 26. It reported adjusted EPS of $0.02, which missed the consensus estimate by $0.05. Its revenues of $793 million missed the analyst estimate by ~9%. Lower production and foreign exchange currency costs were mainly responsible for the miss. The company reported that it lost $0.20 per share due to deferred tax balances. Goldcorp also missed analysts’ expectations for its Q1 2018 earnings.
Iamgold (IAG) generated revenues of $277.4 million in Q2 2018, which represents a YoY (year-over-year) growth of 1.1%. Its higher realized prices and higher sales at its Rosebel mine were offset by lower sales volumes at its Essakane and Westwood mines. Its attributable gold production was 214,000 ounces, which was 4% lower than Q2 2017.
Iamgold (IAG) reported its Q2 2018 results after the market closed on August 8. It reported EPS of $0.03, beating the consensus estimate by $0.02. Its revenues, however, missed the expectation, coming in at $277.4 million compared to the consensus of $301 million.
NYSE:AUY) (“Yamana” or “the Company”) is pleased to announce the promotion of Daniel Racine to President and Chief Executive Officer (“CEO”), from his current role as Executive Vice President, Chief Operating Officer. Peter Marrone, the Company’s Chairman and CEO, is assuming a newly created role as Executive Chairman, and will continue to serve as Chairman of Yamana’s Board of Directors. Mr. Marrone will be accountable to the Board of Directors and serve as a liaison between the Board of Directors and management, through the President and CEO. Mr. Marrone will continue to drive Yamana’s strategic vision, focusing on the initiatives to optimize capital deployment, return measures, the sustainability of cash flows, and the evaluation of strategic alternatives to maximize the value of the Company’s assets, including the substantial non-producing portion of the portfolio, for shareholders.
What Sent Yamana Gold’s Stock Up 10% after Its Earnings Release? Yamana Gold’s (AUY) valuation multiples, which represent how much investors are willing to pay for a stock based on analysts’ estimates, has ranged between 4.3x and 9.8x over the last five years. Yamana is currently trading at a forward EV1-to-EBITDA multiple of 5.4x.
What Sent Yamana Gold’s Stock Up 10% after Its Earnings Release? Yamana Gold (AUY) announced the ramp-up of commercial production at its newest mine, Cerro Moro, on June 26. Currently, the mill throughput rate at Cerro Moro is ~900 tons per day, which is 90% of its capacity. Its gold and silver recovery rates are 91% and 87%, respectively.
Yamana Gold (AUY) released its Q2 2018 results after the market closed on July 26 and held a conference call the next day. Its EPS of $0.20 and revenue of $431.5 million were in line with market expectations. While its earnings didn’t surprise investors, the company’s production was higher than expected, boosting its stock by a whopping 10.1% on July 27.
Yamana is proud that Chapada continues to return value to this day and the mine still has a life of 20 years. The success at Chapada is representative of the Company’s approach and of meeting its commitments to all stakeholders. Over the years, Yamana has grown through phases of strategic acquisitions to enhance and diversify its portfolio as well as pursuing organic opportunities within its portfolio. Throughout, the Company has focused on the sustainability of its business and has sought to continuously improve its performance across all health and safety, environment and community metrics. Peter Marrone, Chairman and Chief Executive Officer, commented as follows: “In 2003, we had a vision to create a significant and dominant intermediate gold company that focused on high quality assets in more prominent and higher quality mining jurisdictions in North and South America mostly to deliver better value with lower risk.
Yamana Gold (AUY) expects gold and silver production in 2018 to exceed previous guidance of 900,000 ounces and 120 million pounds, respectively.
NEW YORK, NY / ACCESSWIRE / July 27, 2018 / Yamana Gold Inc. (NYSE: AUY ) will be discussing their earnings results in their Q2 Earnings Call to be held on July 27, 2018 at 9:00 AM Eastern Time. To listen ...
TORONTO, July 26, 2018-- YAMANA GOLD INC. herein provides a mid-year 2018 exploration update for select properties within its portfolio, namely Jacobina, Chapada, Minera Florida, El Peñón, Cerro Moro and ...
YAMANA GOLD INC. (YRI.TO) (AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the second quarter 2018. Gold equivalent ounce (“GEO”)(1) production from Yamana Mines(2) for the second quarter was 240,271, including 224,083 ounces of gold and 1.31 million ounces of silver. Total Yamana gold production(3) was 248,177 ounces. The Company also produced 31.1 million pounds of copper. Higher than expected gold production at Chapada, Canadian Malartic, Jacobina, and El Peñón together with the favourable ramp-up at Cerro Moro has the Company well positioned to exceed previously provided guidance of 900,000 ounces of gold for Yamana Mines. While the production plan for Gualcamayo this year is lower than previously indicated, total Yamana gold production including Gualcamayo is expected to also exceed previously provided guidance.
TORONTO, July 26, 2018-- YAMANA GOLD INC. declares a third quarter 2018 dividend of $0.005 per share. Shareholders of record at the close of business on September 28, 2018, will be entitled to receive ...
On Thursday, Yamana Gold (NYSE: AUY ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Analysts predict Yamana Gold will report earnings of 2 cents ...