View ValuationThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsYamana Gold 将来の成長Future 基準チェック /36Yamana Goldは、79.3%と4%でそれぞれ年率79.3%で利益と収益が成長すると予測される一方、EPSはgrowで79.1%年率。主要情報79.3%収益成長率79.06%EPS成長率Metals and Mining 収益成長13.9%収益成長率4.0%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日31 Mar 2023今後の成長に関する最新情報Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.30 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 100% next year vs 3.8% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$8.98. Share price rose 2.2% to CA$7.86 over the past week.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.33 to US$0.28 per share. Revenue forecast steady at US$1.85b. Net income forecast to grow 65% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.09. Share price rose 2.5% to CA$5.38 over the past week.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.28 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 88% next year vs 27% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.14. Share price fell 7.9% to CA$5.35 over the past week.Major Estimate Revision • May 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.32 to US$0.39. Revenue forecast steady at US$1.86b. Net income forecast to grow 65% next year vs 59% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.25. Share price was steady at CA$5.83 over the past week.Major Estimate Revision • Apr 09Consensus EPS estimates fall to US$0.35The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$1.92b to US$1.89b. EPS estimate also fell from US$0.44 to US$0.35. Net income forecast to grow 66% next year vs 70% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$9.72 unchanged from last update. Share price rose 4.2% to CA$5.90 over the past week.Major Estimate Revision • Feb 18Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from US$0.41 to US$0.46. Revenue estimate for the same period was approximately flat at US$1.95b. Net income is expected to grow by 109% next year compared to 62% growth forecast for the Metals and Mining industry in Canada. The consensus price target increased from CA$7.88 to CA$7.94. Share price is down by 7.3% to CA$5.80 over the past week.すべての更新を表示Recent updatesReported Earnings • Apr 29First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: US$0.06 (up from US$0.057 in 1Q 2021). Revenue: US$441.9m (up 4.7% from 1Q 2021). Net income: US$57.8m (up 5.7% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 1.3%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. President, CEO & Director Daniel Racine was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.30 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 100% next year vs 3.8% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$8.98. Share price rose 2.2% to CA$7.86 over the past week.Upcoming Dividend • Mar 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.5%).Upcoming Dividend • Mar 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.5%).Recent Insider Transactions Derivative • Mar 21Executive Chairman exercised options and sold CA$867k worth of stockOn the 14th of March, Peter Marrone exercised options to acquire 128k shares at no cost and sold these for an average price of CA$6.75 per share. This trade did not impact their existing holding. Since December 2021, Peter has owned 2.68m shares directly. Company insiders have collectively sold CA$3.2m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 21President recently bought CA$138k worth of stockOn the 16th of February, Daniel Racine bought around 24k shares on-market at roughly CA$5.67 per share. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months.Reported Earnings • Feb 18Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.15 (down from US$0.21 in FY 2020). Revenue: US$1.82b (up 16% from FY 2020). Net income: US$147.5m (down 28% from FY 2020). Profit margin: 8.1% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to CA$6.12, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Metals and Mining industry in Canada. Total returns to shareholders of 82% over the past three years.Recent Insider Transactions • Jan 20Executive Chairman recently sold CA$522k worth of stockOn the 17th of January, Peter Marrone sold around 100k shares on-market at roughly CA$5.22 per share. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.Upcoming Dividend • Dec 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.7%).Recent Insider Transactions • Nov 08Senior Vice President of Operations recently bought CA$100k worth of stockOn the 5th of November, Yohann Bouchard bought around 20k shares on-market at roughly CA$5.01 per share. This was the largest purchase by an insider in the last 3 months. Yohann has been a buyer over the last 12 months, purchasing a net total of CA$5.2k worth in shares.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS US$0.028 (vs US$0.058 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$452.2m (up 2.9% from 3Q 2020). Net income: US$27.0m (down 51% from 3Q 2020). Profit margin: 6.0% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 28 September 2021. Payment date: 14 October 2021. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (1.8%).Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.33 to US$0.28 per share. Revenue forecast steady at US$1.85b. Net income forecast to grow 65% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.09. Share price rose 2.5% to CA$5.38 over the past week.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.28 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 88% next year vs 27% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.14. Share price fell 7.9% to CA$5.35 over the past week.Reported Earnings • Jul 31Second quarter 2021 earnings released: US$0.045 loss per shareThe company reported a mediocre second quarter result with weaker control over costs, although losses were stable and revenues improved. Second quarter 2021 results: Revenue: US$437.4m (up 44% from 2Q 2020). Net loss: US$43.9m (flat on 2Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of US$0.026 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 July 2021. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (1.5%).Major Estimate Revision • May 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.32 to US$0.39. Revenue forecast steady at US$1.86b. Net income forecast to grow 65% next year vs 59% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.25. Share price was steady at CA$5.83 over the past week.Reported Earnings • May 03First quarter 2021 earnings released: EPS US$0.057 (vs US$0.047 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$422.0m (up 18% from 1Q 2020). Net income: US$54.7m (up 22% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Apr 09Consensus EPS estimates fall to US$0.35The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$1.92b to US$1.89b. EPS estimate also fell from US$0.44 to US$0.35. Net income forecast to grow 66% next year vs 70% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$9.72 unchanged from last update. Share price rose 4.2% to CA$5.90 over the past week.Upcoming Dividend • Mar 23Upcoming Dividend of US$0.026 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 30th of March. The trailing yield of 2.3% is below the top quartile of Canadian dividend payers (4.8%), but it is higher than industry peers (1.5%).Recent Insider Transactions Derivative • Mar 23Executive Chairman exercised options and sold CA$51k worth of stockOn the 18th of March, Peter Marrone exercised options to acquire 9k shares at no cost and sold these for an average price of CA$5.80 per share. This trade did not impact their existing holding. Since March 2020, Peter's direct individual holding has increased from 2.66m shares to 2.78m. Company insiders have collectively sold CA$4.9m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Feb 19Senior Vice President of Operations recently bought CA$95k worth of stockOn the 16th of February, Yohann Bouchard bought around 16k shares on-market at roughly CA$5.96 per share. This was the largest purchase by an insider in the last 3 months. Yohann has been a buyer over the last 12 months, purchasing a net total of CA$131k worth in shares.Recent Insider Transactions Derivative • Feb 18President & CEO exercised options and sold CA$433k worth of stockOn the 16th of February, Daniel Racine exercised options to acquire 73k shares at no cost and sold these for an average price of CA$5.96 per share. This trade did not impact their existing holding. For the year to December 2019, Daniel's total compensation was 19% salary and 81% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Daniel's direct individual holding has increased from 462.39k shares to 480.02k. Company insiders have collectively bought CA$886k more than they sold, via options and on-market transactions, in the last 12 months.Major Estimate Revision • Feb 18Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from US$0.41 to US$0.46. Revenue estimate for the same period was approximately flat at US$1.95b. Net income is expected to grow by 109% next year compared to 62% growth forecast for the Metals and Mining industry in Canada. The consensus price target increased from CA$7.88 to CA$7.94. Share price is down by 7.3% to CA$5.80 over the past week.Is New 90 Day High Low • Feb 18New 90-day low: CA$5.80The company is down 16% from its price of CA$6.90 on 19 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$7.47 per share.Reported Earnings • Feb 13Full year 2020 earnings released: EPS US$0.21 (vs US$0.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.56b (down 3.2% from FY 2019). Net income: US$203.6m (down 9.8% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). Production and reserves: Gold Production: 779.81 troy koz (848.03 troy koz in FY 2019) Proved and probable reserves (ore): 1,121 Mt (1,100 Mt in FY 2019) Number of mines: 5 (5 in FY 2019) Silver Production: 10,365.7 troy koz (10,640.1 troy koz in FY 2019) Number of mines: 2 (2 in FY 2019) Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 13Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 24%, compared to a 42% growth forecast for the Metals and Mining industry in Canada.Is New 90 Day High Low • Jan 16New 90-day low: CA$6.44The company is down 18% from its price of CA$7.84 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$6.47 per share.業績と収益の成長予測TSX:YRI - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20251,994322406861212/31/20242,058397522933212/31/20231,932429425858112/31/20221,807-98223528N/A9/30/20221,854260275742N/A6/30/20221,883267341768N/A3/31/20221,835151335734N/A12/31/20211,815148358742N/A9/30/20211,773140324685N/A6/30/20211,761169380710N/A3/31/20211,627213362649N/A12/31/20201,561204344618N/A9/30/20201,483115377641N/A6/30/20201,402261298583N/A3/31/20201,562275317639N/A12/31/20191,612226190522N/A9/30/20191,71215078432N/A6/30/20191,779-133-35339N/A3/31/20191,751-129-96294N/A12/31/20181,799-285-43404N/A9/30/20181,794-417-50448N/A6/30/20181,863-290-42533N/A3/31/20181,855-349-57555N/A12/31/20171,804-188-123484N/A9/30/20171,809-349-110490N/A6/30/20171,780-397-47517N/A3/31/20171,790-32651593N/A12/31/20161,788-290169665N/A9/30/20161,742-1,384N/A805N/A6/30/20161,702-1,489N/A718N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: YRIは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.8% ) よりも高い成長率であると考えられます。収益対市場: YRI今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: YRI今後 3 年以内に収益を上げることが予想されます。収益対市場: YRIの収益 ( 4% ) Canadian市場 ( 4.1% ) よりも低い成長が予測されています。高い収益成長: YRIの収益 ( 4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: YRIの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2023/04/03 15:49終値2023/03/31 00:00収益2022/12/31年間収益2022/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Yamana Gold Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Richard GrayATB Cormark Historical (Cormark Securities)Farooq HamedBarclaysRichard HatchBerenberg23 その他のアナリストを表示
Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.30 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 100% next year vs 3.8% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$8.98. Share price rose 2.2% to CA$7.86 over the past week.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.33 to US$0.28 per share. Revenue forecast steady at US$1.85b. Net income forecast to grow 65% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.09. Share price rose 2.5% to CA$5.38 over the past week.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.28 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 88% next year vs 27% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.14. Share price fell 7.9% to CA$5.35 over the past week.
Major Estimate Revision • May 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.32 to US$0.39. Revenue forecast steady at US$1.86b. Net income forecast to grow 65% next year vs 59% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.25. Share price was steady at CA$5.83 over the past week.
Major Estimate Revision • Apr 09Consensus EPS estimates fall to US$0.35The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$1.92b to US$1.89b. EPS estimate also fell from US$0.44 to US$0.35. Net income forecast to grow 66% next year vs 70% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$9.72 unchanged from last update. Share price rose 4.2% to CA$5.90 over the past week.
Major Estimate Revision • Feb 18Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from US$0.41 to US$0.46. Revenue estimate for the same period was approximately flat at US$1.95b. Net income is expected to grow by 109% next year compared to 62% growth forecast for the Metals and Mining industry in Canada. The consensus price target increased from CA$7.88 to CA$7.94. Share price is down by 7.3% to CA$5.80 over the past week.
Reported Earnings • Apr 29First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: US$0.06 (up from US$0.057 in 1Q 2021). Revenue: US$441.9m (up 4.7% from 1Q 2021). Net income: US$57.8m (up 5.7% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 1.3%, compared to a 15% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. President, CEO & Director Daniel Racine was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Apr 20Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from US$0.30 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 100% next year vs 3.8% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$8.98. Share price rose 2.2% to CA$7.86 over the past week.
Upcoming Dividend • Mar 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.5%).
Upcoming Dividend • Mar 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.5%).
Recent Insider Transactions Derivative • Mar 21Executive Chairman exercised options and sold CA$867k worth of stockOn the 14th of March, Peter Marrone exercised options to acquire 128k shares at no cost and sold these for an average price of CA$6.75 per share. This trade did not impact their existing holding. Since December 2021, Peter has owned 2.68m shares directly. Company insiders have collectively sold CA$3.2m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 21President recently bought CA$138k worth of stockOn the 16th of February, Daniel Racine bought around 24k shares on-market at roughly CA$5.67 per share. This was the largest purchase by an insider in the last 3 months. This was Daniel's only on-market trade for the last 12 months.
Reported Earnings • Feb 18Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: US$0.15 (down from US$0.21 in FY 2020). Revenue: US$1.82b (up 16% from FY 2020). Net income: US$147.5m (down 28% from FY 2020). Profit margin: 8.1% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to CA$6.12, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Metals and Mining industry in Canada. Total returns to shareholders of 82% over the past three years.
Recent Insider Transactions • Jan 20Executive Chairman recently sold CA$522k worth of stockOn the 17th of January, Peter Marrone sold around 100k shares on-market at roughly CA$5.22 per share. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months.
Upcoming Dividend • Dec 23Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 30 December 2021. Payment date: 14 January 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (1.7%).
Recent Insider Transactions • Nov 08Senior Vice President of Operations recently bought CA$100k worth of stockOn the 5th of November, Yohann Bouchard bought around 20k shares on-market at roughly CA$5.01 per share. This was the largest purchase by an insider in the last 3 months. Yohann has been a buyer over the last 12 months, purchasing a net total of CA$5.2k worth in shares.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS US$0.028 (vs US$0.058 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$452.2m (up 2.9% from 3Q 2020). Net income: US$27.0m (down 51% from 3Q 2020). Profit margin: 6.0% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of US$0.03 per shareEligible shareholders must have bought the stock before 28 September 2021. Payment date: 14 October 2021. Trailing yield: 2.9%. Lower than top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (1.8%).
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.33 to US$0.28 per share. Revenue forecast steady at US$1.85b. Net income forecast to grow 65% next year vs 16% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.09. Share price rose 2.5% to CA$5.38 over the past week.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.28 to US$0.33. Revenue forecast steady at US$1.85b. Net income forecast to grow 88% next year vs 27% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.14. Share price fell 7.9% to CA$5.35 over the past week.
Reported Earnings • Jul 31Second quarter 2021 earnings released: US$0.045 loss per shareThe company reported a mediocre second quarter result with weaker control over costs, although losses were stable and revenues improved. Second quarter 2021 results: Revenue: US$437.4m (up 44% from 2Q 2020). Net loss: US$43.9m (flat on 2Q 2020). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of US$0.026 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 July 2021. Trailing yield: 2.4%. Lower than top quartile of Canadian dividend payers (4.5%). Higher than average of industry peers (1.5%).
Major Estimate Revision • May 05Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.32 to US$0.39. Revenue forecast steady at US$1.86b. Net income forecast to grow 65% next year vs 59% growth forecast for Metals and Mining industry in Canada. Consensus price target broadly unchanged at CA$9.25. Share price was steady at CA$5.83 over the past week.
Reported Earnings • May 03First quarter 2021 earnings released: EPS US$0.057 (vs US$0.047 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$422.0m (up 18% from 1Q 2020). Net income: US$54.7m (up 22% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Apr 09Consensus EPS estimates fall to US$0.35The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$1.92b to US$1.89b. EPS estimate also fell from US$0.44 to US$0.35. Net income forecast to grow 66% next year vs 70% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$9.72 unchanged from last update. Share price rose 4.2% to CA$5.90 over the past week.
Upcoming Dividend • Mar 23Upcoming Dividend of US$0.026 Per ShareWill be paid on the 14th of April to those who are registered shareholders by the 30th of March. The trailing yield of 2.3% is below the top quartile of Canadian dividend payers (4.8%), but it is higher than industry peers (1.5%).
Recent Insider Transactions Derivative • Mar 23Executive Chairman exercised options and sold CA$51k worth of stockOn the 18th of March, Peter Marrone exercised options to acquire 9k shares at no cost and sold these for an average price of CA$5.80 per share. This trade did not impact their existing holding. Since March 2020, Peter's direct individual holding has increased from 2.66m shares to 2.78m. Company insiders have collectively sold CA$4.9m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Feb 19Senior Vice President of Operations recently bought CA$95k worth of stockOn the 16th of February, Yohann Bouchard bought around 16k shares on-market at roughly CA$5.96 per share. This was the largest purchase by an insider in the last 3 months. Yohann has been a buyer over the last 12 months, purchasing a net total of CA$131k worth in shares.
Recent Insider Transactions Derivative • Feb 18President & CEO exercised options and sold CA$433k worth of stockOn the 16th of February, Daniel Racine exercised options to acquire 73k shares at no cost and sold these for an average price of CA$5.96 per share. This trade did not impact their existing holding. For the year to December 2019, Daniel's total compensation was 19% salary and 81% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since March 2020, Daniel's direct individual holding has increased from 462.39k shares to 480.02k. Company insiders have collectively bought CA$886k more than they sold, via options and on-market transactions, in the last 12 months.
Major Estimate Revision • Feb 18Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate increased from US$0.41 to US$0.46. Revenue estimate for the same period was approximately flat at US$1.95b. Net income is expected to grow by 109% next year compared to 62% growth forecast for the Metals and Mining industry in Canada. The consensus price target increased from CA$7.88 to CA$7.94. Share price is down by 7.3% to CA$5.80 over the past week.
Is New 90 Day High Low • Feb 18New 90-day low: CA$5.80The company is down 16% from its price of CA$6.90 on 19 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$7.47 per share.
Reported Earnings • Feb 13Full year 2020 earnings released: EPS US$0.21 (vs US$0.24 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.56b (down 3.2% from FY 2019). Net income: US$203.6m (down 9.8% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). Production and reserves: Gold Production: 779.81 troy koz (848.03 troy koz in FY 2019) Proved and probable reserves (ore): 1,121 Mt (1,100 Mt in FY 2019) Number of mines: 5 (5 in FY 2019) Silver Production: 10,365.7 troy koz (10,640.1 troy koz in FY 2019) Number of mines: 2 (2 in FY 2019) Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 13Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 24%, compared to a 42% growth forecast for the Metals and Mining industry in Canada.
Is New 90 Day High Low • Jan 16New 90-day low: CA$6.44The company is down 18% from its price of CA$7.84 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$6.47 per share.