Yamana Gold (USA) (AUY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Yamana Gold (USA) (AUY) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.02. The company posted revenue of $466.50 million in the period, compared to analysts expectations of $480.13 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Yamana Gold (USA). Yamana Gold (USA) was Upgraded by HSBC Securities to ” Buy” on Jul 25, 2016. Yamana Gold (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 2016.

Yamana Gold (USA) closed down -0.02 points or -0.34% at $5.87 with 1,41,25,158 shares getting traded on Thursday. Post opening the session at $5.92, the shares hit an intraday low of $5.73 and an intraday high of $5.975 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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