The gold producer posted earnings of 5 cents a share for the fourth-quarter, missing analyst estimates of 8 cents a share. Revenue fell 33.2% from the year-ago period to $420.7 million. Analysts were anticipating revenue of $491.81 million for the quarter.
Along with the quarterly results, Yamana Gold announced a quarterly dividend of 3.75 cents a share, down from its previous dividend of 6.5 cents a share. The dividend is payable on April 14 to all shareholders of record on March 31. The ex-dividend date is set for March 27.
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TheStreet Ratings team rates YAMANA GOLD INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAMANA GOLD INC (AUY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: