Yamana Gold (USA) (AUY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Yamana Gold (USA) (AUY) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.00. The company posted revenue of $430.30 million in the period, compared to analysts expectations of $432.90 million. The company’s revenue was down -6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Many Wall Street Analysts have commented on Yamana Gold (USA). Yamana Gold (USA) was Upgraded by Raymond James to ” Outperform” on Mar 14, 2016. Yamana Gold (USA) was Downgraded by Goldman to ” Sell” on Feb 24, 2016.

Yamana Gold (USA) closed down -0.24 points or -4.85% at $4.71 with 2,39,41,053 shares getting traded on Monday. Post opening the session at $5.13, the shares hit an intraday low of $4.65 and an intraday high of $5.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities including exploration extraction processing and reclamation. The Company’s production mines include Chapada Brazil; El Penon Chile; Canadian Malartic Canada; Mercedes Mexico; Gualcamayo Argentina; Jacobina Brazil; Minera Florida Chile and Other Producing Mines. Its development properties include Cerro Moro Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera 126.95 million tons at Canadian Malartic 509.15 million tons at Chapada 1.96 million tons at Cerro Morro 10.41 million tons at El Penon 29.16 million tons at Gualcamayo 22.85 million tons at Jacobina 8.68 million tons at Jeronimo 4.01 million tons at Mercedes 7.89 million tons at Minera Florida 24.03 million tons at C1-Santa Luz 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.

Yamana Gold  (USA)

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