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Yamana Gold Inc.NYSE:AUY Voorraadrapport

Marktkapitalisatie US$5.6b
Prijs aandeel
n/a
US$6.56
n.v.t.intrinsieke korting
1Y-1.7%
7D-0.2%
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Yamana Gold Inc.

NYSE:AUY Voorraadrapport

Marktkapitalisatie: US$5.6b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Yamana Gold (AUY) Aandelenoverzicht

Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer that engages in the exploration, development, and production of gold and silver properties. Meer informatie

Beloningen

De winst zal naar verwachting met 79.27% per jaar groeien

Risicoanalyse

Het dividend van 2.06% wordt niet goed gedekt door de winst of de vrije kasstromen


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Yamana Gold Inc. Concurrenten

Prijsgeschiedenis en prestaties

Overzicht van hoogtepunten, dieptepunten en veranderingen in de aandelenkoersen voor Yamana Gold
Historische aandelenkoersen
Huidige aandelenkoersCA$5.85
52 Week HoogtepuntCA$6.40
52 Week LaagCA$3.88
Bèta1.29
1 maand verandering9.14%
3 maanden verandering1.74%
1 Jaar Verandering-1.68%
3 jaar verandering78.35%
5 jaar verandering108.19%
Verandering sinds IPO-58.83%

Recent nieuws en updates

Seeking Alpha • Jan 07

Evaluating The Proposed Acquisition Of Yamana By Agnico And Pan American

Summary Win-win transaction for all parties involved. Yamana shareholders receive a superior offer relative to Goldfields with lower closing costs. Increased probability of transaction closing. Agnico benefits by consolidating ownership of Malartic mine while Pan American significantly bulks up its South American exposure. Pan American Silver (PAAS) and Agnico Eagle (AEM) have made a joint offer to acquire Yamana Gold (AUY). Under the terms of the offer, Pan American would acquire Yamana, while Agnico would acquire Yamana's Canadian assets. The offer totals $5.02 per share of Yamana, which represents a 23% premium to the company's closing price on the day before the offer was made and a 15% premium to the offer made by Gold Fields (GFI). The Yamana board has determined that the new offer is superior to the one made by Gold Fields. This is in part because the deal between Gold Fields and Yamana was not viewed favorably by investors in Gold Fields, as the potential synergies of the deal were not effectively communicated. As a result, the probability of the deal between Gold Fields and Yamana closing was considered to be low. Yamana This transaction will be a win-win for all parties involved. For Yamana shareholders, the new offer from Pan American and Agnico represents an incremental value with lower transaction closing risk compared to the previous offer from Gold Fields. This is likely because the new offer is considered a superior proposal by the Yamana board and because the deal with Gold Fields was not viewed favorably by investors in Gold Fields. Pan American stands to benefit from the acquisition by gaining increased scale, diversification, and financial capacity in Latin America at an attractive price. Agnico would benefit by consolidating control of the Canadian Malartic mine and by transitioning it into one of the world's largest underground mines. The acquisition would also give Agnico access to a 55ktpd mill located nearby. For Gold Fields, the new offer from Pan American and Agnico represents a potential way out of a transaction that was poorly received by the market. The company would be able to walk away from the deal with Yamana with a $300 million break fee. Overall, it appears that the proposed acquisition could be a mutually beneficial arrangement for all parties involved. Under the terms of the offer, Agnico Eagle Mines will contribute 51.5% of the $4.8 billion valuation, or $2.5 billion, in the acquisition of Yamana Gold. This includes $1.0 billion in cash and $1.5 billion in AEM shares. The acquisition is being valued at approximately 1.0 times the net asset value ((NAV)) of Agnico, based on analyst consensus. Prior to the announcement of the acquisition, Agnico was trading at approximately 0.8 times its NAV, according to analyst consensus. The acquisition is expected to have minimal dilution to Agnico's NAV. The price for the acquisition is considered attractive as it will allow Agnico to consolidate ownership of one of Canada's key gold mines, which is expected to grow in both resource ounces and production capability with the potential for a second shaft and an underutilized mill. Pan American Silver, on the other hand, will contribute 48.5% of the consideration for the acquisition, or $2.3 billion in PAAS shares. This values the acquisition at approximately 0.7 times the NAV of Pan American, based on analyst consensus. Prior to the announcement, Pan American was trading at approximately 0.8 times its NAV, according to analyst consensus. The acquisition is expected to be approximately 14% accretive to Pan American's NAV, net of the break fee.
Seeking Alpha • Nov 04

Yamana Gold receives 'superior' buyout bid from Pan American, Agnico Eagle

Yamana Gold (NYSE:AUY) +18.7% in early trading Friday after receiving an unsolicited takeover offer from Pan American Silver (NASDAQ:PAAS) and Agnico Eagle Mines (NYSE:AEM) that values Yamana at a 23% premium. The bid consists of ~153.5M Pan American (PAAS) shares, $1B in cash from Agnico Eagle (AEM) and ~36M Agnico Eagle shares, which at Thursday's stock closing prices would be valued at a combined $4.82B. Under the binding offer, each Yamana (AUY) share would be exchanged for ~$1.04 in cash, 0.1598 Pan American (PAAS) shares and 0.0376 Agnico Eagle (AEM) shares, for a combined value of $5.02 per Yamana Share based on the closing prices on November 3, or 23% above the stock's Thursday close of $4.08. Yamana's (AUY) board said the new buyout bid is a "superior proposal" to the company's previous agreement with Gold Fields Ltd. (GFI), which at Thursday's closing prices would value Yamana shares at $4.38 each. Gold Fields (GFI) +16.4% in early trading Friday, after declining more than 21% since the Yamana deal was announced May 31.
Seeking Alpha • Oct 29

Yamana Gold: On The Verge Of Closing A Premium Deal

Summary Over the past year, Gold Fields' share price has dropped close to 15% primarily driven by a decline in gold prices. Yamana’s Canadian Malartic is set to transition from an open pit to the largest underground mine in Canada with a lifespan extending past 2035. Yamana’s revenue per ounce of gold declined 3.4% (YoY) to $1,728 while revenue per ounce of silver fell 20.3% (YoY) to $19.31 caused by a high gold-to-silver ratio in 2022. Canadian-based precious metals producer Yamana Gold (AUY) is set to be acquired by Gold Fields Ltd (GFI) pending the closure of the shareholder vote on November 22, 2022. The all-share transaction will value the Canadian miner at $6.7 billion despite having a market cap of $4.40 billion at the moment. AUY's price return over the past year has gained 7.09% and is trading slightly under $5 (that is 26.875% below the 52-week high of $6.40). As per the agreement, Yamana's shareholders will receive 0.6 of an ordinary share in Gold Fields which should tie AUY's trading price to more than half of GFI's stock price. The deal represented a 42% premium to AUY's price before the announcement. About 75% of Gold Fields' shareholders are required to approve the deal against 66.67% of Yamana Gold's. Thesis Yamana Gold's acquisition deal could be detrimental if the share price declines against a gain in Gold Fields meaning that it could be dilutive and overvalue Yamana. Shareholders will also need to consider the aspect of growth over the price of precious metals such as gold which have declined 12.9% (YoY). Further, the deal will give Gold Fields a foothold and a combination of assets in some regions it operates such as South America and Canada which it has sought after for a while for a lower premium. A further point of consideration is the relatively strong Q3 2022 production that indicated a resilient mining company despite the challenging macroeconomic pressures. Seeking Alpha Over the past year, Gold Fields' share price has dropped close to 15% primarily driven by a decline in gold prices. However, since the acquisition announcement was made in May 2022, GFI and AUY share prices have moved almost in sync. Q3 2022 Highlights Yamana Gold released its Q3 2022 earnings results on October 27, 2022, reporting $44.5 million in adjusted net earnings. The earnings indicated a decline of 39.62% (YoY) from $73.7 million realized in Q3 2021. There was an increase in cost above its all-in-sustaining cost ((AISC)) as well as operating costs from Q2 2022 due to rising global inflationary pressures. Yamana Gold There was a decline in mineral production against an increase in costs with the all-in-sustaining cost (AISC) per gold equivalent ounce ((GEO)) rising by 10.3% (QoQ). Gold production declined 4% (QoQ) to 216,673 ounces while silver production fell 3% (QoQ) to 2,212,765 ounces. Despite the decline, the production was within the guidance given by the company in Q2 2022 considering the gold-to-silver ratio was edging towards its annual high at 95.398. Chards.co.uk A rise in the gold-to-silver ratio especially based on the lower silver-to-gold prices tends to reduce the production of the GEO which stood at 241,302. However, Yamana's gold production of 216,673 exceeded the company's guidance fueled by increased production in the Canadian Malartic with 75,262 ounces and Jacobina with 50,113 ounces. These two mines are of special interest since the Canadian Malartic is the largest open pit gold mine in Canada while Jacobina exceeded 50,000 ounces of gold production for the first time in Q3 2022. Additional points for Gold Fields Shareholders to Consider Yamana's Canadian Malartic is set to transition into the largest underground mine in Canada with a lifespan extending past 2035. According to Yamana, the Malartic will begin the underground operation dubbed the Odyssey Project approximately in 2028 and run until 2039. The company is on a growth trajectory as far as production is concerned with the production of gold and silver pegged at about 1 million ounces annually. A look at Q3 2022 earnings shows that gold's revenue per ounce was more stable than silver's revenue per ounce. Yamana's revenue per ounce of gold declined 3.4% (YoY) to $1,728 while revenue per ounce of silver fell 20.3% (YoY) to $19.31. As expected, there was a 13.6% drop in the cash flows (YoY) from operating activities to $164.7 million with the company promising an increase in Q4 2022. This increase would be driven by increased production which would lead to sequential improvement. Yamana's operations are in four main countries: Canada, Chile, Brazil, and Argentina with about 88% of its revenue coming from the sale of gold alone. Yamana intends to increase its annual production to 1.5 million ounces. In the near term, the company's guidance stands at 1.06 million GEO supported by the completion of the phase 2 expansion in Jacobina and a maiden production expected from the Odyssey project in H1 2023. To support the long-term 1.5 million GEO production guidance, Yamana intends to construct the Wasamac gold mine in Quebec, Canada. This mine is expected to ramp up production to 200,000 ounces in 2027 and raise production to 250,000 ounces by 2028. Jacobina mine (in Brazil) will also undergo a Phase 3 plant expansion intended to increase production to 40,000 ounces of gold. The Argentine mine of Cerro Moro is also expected to be expanded to raise production to 60,000 ounces of GEO. Gold Fields is getting these assets and more without paying a massive premium such as can be expected for a foreign miner seeking to enter exclusive regions such as Canada. Better Exposure Gold Fields has 9 operating mines in Australia, Peru, South Africa (parent country), and West Africa with a project in Chile. It also has a joint venture called the Asanko JV with Asanko Gold in Ghana. Gold Fields' attributable gold-equivalent ((GEO)) production in 2021 increased by 5% to 2.34 million ounces up from 2.24 million ounces in 2020. If we combine this production with Yamana's approximately 1 million ounces then it will mean that Gold Fields will increase their gold production to almost 3.5 million ounces. It will have spread its assets in at least four continents. North and South America, Africa, and Australia. Gold Fields' shareholders are tempted to look at the opportunities provided by the long-term projects in Canada, Argentina, and Brazil, areas in which Yamana Gold has capitalized in terms of gold production. It presents a chance to link Yamana's asset portfolio with Gold Fields' technical capacity. For example, the Odyssey Project presents a mine that can sustain a 20-year production life span, which in my view is exactly what a miner like Gold Fields needs.
Seeking Alpha • Aug 13

Yamana Gold Could Hedge Against The Headwinds Of This Economy

The Canadian gold and silver mining group Yamana Gold Inc. unfolds strong operating cash flow. Trends and operational facts from Q2 2022 point to more quarters of good performance ahead. Yamana Gold's stock could perform exceptionally well, supported by the much-anticipated higher prices and production of the precious metal. Against increased inflation and a significant risk of recession, Yamana Gold Inc. (AUY), a Canadian mid-sized producer of ounces of equivalent gold, represents a good hedge with its shares expected to trade above current levels. The stock's valuation is expected to improve over the course of 2022 as the market could welcome the company's main upside operating potential, which is a strong cash flow generation. A solid portfolio of mining operations in Argentina's Santa Cruz province, Bahia state of Brazil and Antioquia Department in Central Northwest Colombia is on track to continue to perform well after a very good second quarter of 2022. This, coupled with expectations for higher gold prices in the coming months, supports a bullish stance on Yamana Gold Inc. About the Positive Trend of Yamana Gold's Mineral Business Based on the positive trend of Yamana Gold Inc.'s minerals business, continued strong cash flow generation is likely to occur. In the second quarter of 2022, the Canadian miner saw the volume of gold equivalent ounces [GEO] increase a lot year on year, as the output in the aforementioned quarter was 260,960 GEOs, compared to 241,341 GEOs the year before. Costs were consistent compared to last year, as can easily be seen from the all-in-sustain costs, which have increased by just $3 to $1,084 per GEO. The company benefited in the second quarter from an efficient mine expansion strategy and successful exploration programs, in addition to increased throughput at most rich parts of underground deposits and access to more valuable zones of ore bodies. Cash Flow Pays Back Yamana's Efforts Thanks to efficient operations and supportive prices, operating cash flow and free cash flow before dividends and debt service have grown remarkably at a rate of more than 15%. The operating cash flow hovered at approximately $190 million in the quarter, while free cash flow was approximately $53 million. The miner outperformed many operators, including one of its larger rivals, Kinross Gold Corporation (KGC), which instead reported just a 1% year-over-year increase in operating cash flow and a little over 10% increase in free cash flow. Since the same factors that we observed in the second quarter of 2022 will most likely play out for the rest of the year and beyond, Yamana Gold Inc can only look forward to showing its peers that cash flow was not a sporadic result. The additional cash flow will give the company greater financial flexibility, although the company does not intend to exceed $175 million in expansion capital for now and is therefore maintaining a prudent profile. Guidelines for Production in 2022 and Up to 2024, and Current Resources In terms of future gold equivalent production, Yamana Gold expects to produce one million ounces in 2022, slightly less than last year's 1.01 million GEOs, and then increase to 1.03 million in 2023 and 1.06 million GEOs in 2024. The company will undergo mineral activities in a catchment area of probable and proven mineral resources with the following characteristics. The company's proven and probable reserves currently account for approximately 13.67 million gold ounces and about 111.26 million silver ounces, and the average precious metal content in grams per ton of mineral is 0.56 for gold and 5.5 for silver. According to current gold and silver prices, Yamana Gold has more than 15 years, perhaps 20 years of production ahead, excluding the ounces that can be obtained from estimated reserves. In the near term, the company estimates that production will increase in the second half of 2022 due to the impact of the mining sequence and as a result of higher-grade metal veins expected to be intersected at the silver deposits especially. The Balance Sheet Appears Solid The company's balance sheet, which must not only ensure business continuity and financial flexibility but also protect against the negative impact of fluctuations in the commodity markets, currently appears solid. Cash and cash equivalents on hand of $545.1 million represented 0.7 times the total debt of $773.5 million in Q2 2022. However, the interest coverage was 10.44, which indicates that Yamana Gold can easily bear the financial burden as the ratio should ideally not be lower than 1.5. Analysts on Yamana Gold's Stock and Current Share Price Sell-side analysts have released positive recommendations for this stock in recent weeks and predict a solid rise in the stock price within the next 52 weeks. The median recommendation rating is an outperform rating and the median target price is $6.69, reflecting nearly 33% upside potential from current stock price levels. seekingalpha.com
Seeking Alpha • Aug 04

Yamana Gold: Gold Fields Merger Is Likely To Close

This is a merger arbitrage setup in the gold mining industry currently offering a ~34% annualized return if the merger closes as expected. Gold Fields is buying peer Yamana Gold in an all-stock transaction. The main uncertainty is buyer’s shareholder approval as the transaction values Yamana at a significant premium. However, strong strategic rationale, management’s actions, and other industry transactions suggest that consensus with shareholders could be reached. Note: both companies have multiple listings - Yamana Gold is listed on TSX and LSE while Gold Fields trades on JSE and SWX. This write-up refers to their NYSE tickers and spread. South African mining group Gold Fields Limited (GFI) is buying Canadian peer Yamana Gold Inc. (AUY). The consideration is all-stock - 0.6 GFI shares for each AUY share. The merger requires regulatory and shareholder approvals from both the buyer and the target. While regulatory and AUY equity holder approvals seem very likely, the main uncertainty here appears to be buyer's shareholder approval. Upon the merger announcement on May 31, GFI's stock plunged 24% reflecting shareholder hostility. In mid-June, GFI's two large shareholders, fund managers VanEck (5% stake) and Redwheel (3%), voiced their opposition towards the transaction, claiming that it is too expensive and untimely for the buyer. Initially, the merger spread stood at 5% but has widened massively since the reports of shareholder opposition, reaching as much as 22%. On July 15, GFI's CEO stated that some positive progress in shareholder discussions has been made. The spread somewhat narrowed but remains wide at 13%. Shareholder meetings will be held in October and the companies expect the merger to close in H2'22. Yahoo Finance GFI's shareholder approval is far from guaranteed. However, I see several arguments suggesting that GFI's management will eventually secure shareholder consent: The merger seems to have a strong strategic rationale for the buyer given AUY's low-cost mine portfolio and numerous long-term exploration/development assets that GFI currently lacks. GFI's management has put a lot of effort behind communicating with GFI equity holders and pointing them to the deal's rationale. According to ICE's CEO, progress has been made and "many shareholders are starting to say "we get it." Moreover, the management has recently agreed to raise its dividend payout ratio after the acquisition closes in an effort to appease shareholders. Key shareholder VanEck's history with the Newmont-Goldcorp merger suggests that it could eventually support current acquisition. Similar industry transactions reveal that, despite the significant premium over the trading price, AUY is valued at a fairly low EV/EBITDA multiple. Strategic Rationale Let's start with the strategic rationale. In my view, the main benefit for GFI here is that the transaction will expand the company's long-term asset pipeline. Despite being the sixth largest gold producer (as of 2020), GFI operates mostly near-term operating cash flow assets whose production is expected to decline in the upcoming decade. GFI's standalone production is projected to peak at 2.8 Moz in 2027 before steeply falling to around 2m ounces per year. A quote from GFI CEO summarizes this nicely: "We still have a runway over the next few years or so to continually grow both the cash flow and the volume [of gold we produce]. But if we look at the next 10 years, we don't have the projects, we don't have the pipeline of assets in our own portfolio." GFI's only large development asset is Salares Norte mine in Chile, however, its measured and indicated (M&I) resources stand at only 4.5 Moz - insignificant compared to current GFI's annual production. AUY, on the other hand, has numerous exploration/ development/ feasibility-stage assets. Some examples: MARA mine in Argentina. AUY has a 56% ownership stake. M&I resources are estimated at 48.1 Moz - by far the largest among AUY current assets and second only to GFI's key South Deep mine. P&P reserves include 7.4 Moz of gold. Feasibility study is expected to be completed by the end of 2022. Expected mine life is 28 years. Wasamac mine in Canada. P&P reserves estimated at 1.9 Moz. Production is expected to begin in 2026, reaching ~500k oz annually by 2028 and will keep these production levels until at least 2041. Malartic Odyssey mine in Canada. This is an underground extension of AUY's largest open pit mine. It is expected to extend mine's life to at least 2039. GFI has a 50% ownership in the project. Expected peak production is 500k-600k oz annually. There are numerous other projects in AUY's exploration pipeline. In this light, the merger provides GFI with future growth optionalities that the current business somewhat lacks. Importantly, the acquisition will also expand GFI's portfolio with a world-class asset - Canadian Malartic - which is a top 10 gold mine by production globally. The mine has an annual production of ~700k oz (by far the most among the two companies) and an expected mine life to at least 2040. AUY holds a 50% ownership stake. Yamana Gold and Gold Fields Investor Presentation, May 31, 2022 Another benefit for the buyer - diversification of its asset portfolio. Whereas GFI has only one mine in the Americas in addition to Salares Norte (Cerro Corona in Peru), AUY operates mines exclusively in the Americas. However, Cerro's M&I resources are only at 1.7 Moz. Besides providing diversification, gold assets in the Americas region generally have lower All-In Sustaining Costs (AISC). In 2021, AUY's AISC stood at $1,030/oz. For reference, the industry average was $1,068/oz while GFI achieved $1,063/oz. For this reason, addition of AUY's mines is expected to make the combined company the second lowest-cost producer among the gold majors. The merger is expected to save $40m run-rate annual overhead and procurement savings. This is quite significant - for comparison, AUY has guided for $86m in 2022 G&A expenses. Synergies are projected to mostly come from South America as both companies operate mines in Chile. Shareholders Thresholds for shareholder approvals are at two-thirds of the votes cast for AUY and 50% of votes cast for GFI (with at least 75% of the total voting rights exercised). Given the proposal's premium to the share price at the time (34% to AUY's 10-day VWAP), I expect AUY shareholders to approve the merger. Reportedly, this premium is the second-highest in gold miner acquisitions the last 5 years. Another important aspect - the deal is all-stock, which gives target's shareholders the opportunity to capitalize on the projects that the combined company will have in its pipeline. Meanwhile, GFI's shareholders - Redwheel and VanEck - have criticized the offer as overvaluing AUY. While Redwheel has openly pushed GFI to abandon the deal and pushed for share buybacks instead, VanEck described the deal as "poorly structured." Here it is important to note that VanEck is also a large shareholder in AUY and owns 12%, showing the importance of this equity holder in the setup.
Seeking Alpha • Jul 28

Yamana Gold GAAP EPS of $0.07, revenue of $485.6M

Yamana Gold press release (NYSE:AUY): Q2 GAAP EPS of $0.07. Revenue of $485.6M (+11.0% Y/Y). Quarterly total cost of sales, cash costs and AISC on a per GEO basis of $1,168, $734, and $1,084 respectively, were in line with plan and substantially unchanged versus the prior year comparative quarter.  Cash flows from operating activities for the three months ended June 30, 2022 were $187.8 million an increase of 22.3% compared to $153.5 million in the prior year comparative quarter. Net free cash flow for the three months ended June 30, 2022 was $136.6 million, an increase of 41.7% Y/Y.  The Company expects higher silver production in the second half of 2022, due to mining sequence and the mining of the Providencia Sur, Dorada SW and Flat zones, where an increase in higher silver grade is anticipated.

Recent updates

Seeking Alpha • Jan 07

Evaluating The Proposed Acquisition Of Yamana By Agnico And Pan American

Summary Win-win transaction for all parties involved. Yamana shareholders receive a superior offer relative to Goldfields with lower closing costs. Increased probability of transaction closing. Agnico benefits by consolidating ownership of Malartic mine while Pan American significantly bulks up its South American exposure. Pan American Silver (PAAS) and Agnico Eagle (AEM) have made a joint offer to acquire Yamana Gold (AUY). Under the terms of the offer, Pan American would acquire Yamana, while Agnico would acquire Yamana's Canadian assets. The offer totals $5.02 per share of Yamana, which represents a 23% premium to the company's closing price on the day before the offer was made and a 15% premium to the offer made by Gold Fields (GFI). The Yamana board has determined that the new offer is superior to the one made by Gold Fields. This is in part because the deal between Gold Fields and Yamana was not viewed favorably by investors in Gold Fields, as the potential synergies of the deal were not effectively communicated. As a result, the probability of the deal between Gold Fields and Yamana closing was considered to be low. Yamana This transaction will be a win-win for all parties involved. For Yamana shareholders, the new offer from Pan American and Agnico represents an incremental value with lower transaction closing risk compared to the previous offer from Gold Fields. This is likely because the new offer is considered a superior proposal by the Yamana board and because the deal with Gold Fields was not viewed favorably by investors in Gold Fields. Pan American stands to benefit from the acquisition by gaining increased scale, diversification, and financial capacity in Latin America at an attractive price. Agnico would benefit by consolidating control of the Canadian Malartic mine and by transitioning it into one of the world's largest underground mines. The acquisition would also give Agnico access to a 55ktpd mill located nearby. For Gold Fields, the new offer from Pan American and Agnico represents a potential way out of a transaction that was poorly received by the market. The company would be able to walk away from the deal with Yamana with a $300 million break fee. Overall, it appears that the proposed acquisition could be a mutually beneficial arrangement for all parties involved. Under the terms of the offer, Agnico Eagle Mines will contribute 51.5% of the $4.8 billion valuation, or $2.5 billion, in the acquisition of Yamana Gold. This includes $1.0 billion in cash and $1.5 billion in AEM shares. The acquisition is being valued at approximately 1.0 times the net asset value ((NAV)) of Agnico, based on analyst consensus. Prior to the announcement of the acquisition, Agnico was trading at approximately 0.8 times its NAV, according to analyst consensus. The acquisition is expected to have minimal dilution to Agnico's NAV. The price for the acquisition is considered attractive as it will allow Agnico to consolidate ownership of one of Canada's key gold mines, which is expected to grow in both resource ounces and production capability with the potential for a second shaft and an underutilized mill. Pan American Silver, on the other hand, will contribute 48.5% of the consideration for the acquisition, or $2.3 billion in PAAS shares. This values the acquisition at approximately 0.7 times the NAV of Pan American, based on analyst consensus. Prior to the announcement, Pan American was trading at approximately 0.8 times its NAV, according to analyst consensus. The acquisition is expected to be approximately 14% accretive to Pan American's NAV, net of the break fee.
Seeking Alpha • Nov 04

Yamana Gold receives 'superior' buyout bid from Pan American, Agnico Eagle

Yamana Gold (NYSE:AUY) +18.7% in early trading Friday after receiving an unsolicited takeover offer from Pan American Silver (NASDAQ:PAAS) and Agnico Eagle Mines (NYSE:AEM) that values Yamana at a 23% premium. The bid consists of ~153.5M Pan American (PAAS) shares, $1B in cash from Agnico Eagle (AEM) and ~36M Agnico Eagle shares, which at Thursday's stock closing prices would be valued at a combined $4.82B. Under the binding offer, each Yamana (AUY) share would be exchanged for ~$1.04 in cash, 0.1598 Pan American (PAAS) shares and 0.0376 Agnico Eagle (AEM) shares, for a combined value of $5.02 per Yamana Share based on the closing prices on November 3, or 23% above the stock's Thursday close of $4.08. Yamana's (AUY) board said the new buyout bid is a "superior proposal" to the company's previous agreement with Gold Fields Ltd. (GFI), which at Thursday's closing prices would value Yamana shares at $4.38 each. Gold Fields (GFI) +16.4% in early trading Friday, after declining more than 21% since the Yamana deal was announced May 31.
Seeking Alpha • Oct 29

Yamana Gold: On The Verge Of Closing A Premium Deal

Summary Over the past year, Gold Fields' share price has dropped close to 15% primarily driven by a decline in gold prices. Yamana’s Canadian Malartic is set to transition from an open pit to the largest underground mine in Canada with a lifespan extending past 2035. Yamana’s revenue per ounce of gold declined 3.4% (YoY) to $1,728 while revenue per ounce of silver fell 20.3% (YoY) to $19.31 caused by a high gold-to-silver ratio in 2022. Canadian-based precious metals producer Yamana Gold (AUY) is set to be acquired by Gold Fields Ltd (GFI) pending the closure of the shareholder vote on November 22, 2022. The all-share transaction will value the Canadian miner at $6.7 billion despite having a market cap of $4.40 billion at the moment. AUY's price return over the past year has gained 7.09% and is trading slightly under $5 (that is 26.875% below the 52-week high of $6.40). As per the agreement, Yamana's shareholders will receive 0.6 of an ordinary share in Gold Fields which should tie AUY's trading price to more than half of GFI's stock price. The deal represented a 42% premium to AUY's price before the announcement. About 75% of Gold Fields' shareholders are required to approve the deal against 66.67% of Yamana Gold's. Thesis Yamana Gold's acquisition deal could be detrimental if the share price declines against a gain in Gold Fields meaning that it could be dilutive and overvalue Yamana. Shareholders will also need to consider the aspect of growth over the price of precious metals such as gold which have declined 12.9% (YoY). Further, the deal will give Gold Fields a foothold and a combination of assets in some regions it operates such as South America and Canada which it has sought after for a while for a lower premium. A further point of consideration is the relatively strong Q3 2022 production that indicated a resilient mining company despite the challenging macroeconomic pressures. Seeking Alpha Over the past year, Gold Fields' share price has dropped close to 15% primarily driven by a decline in gold prices. However, since the acquisition announcement was made in May 2022, GFI and AUY share prices have moved almost in sync. Q3 2022 Highlights Yamana Gold released its Q3 2022 earnings results on October 27, 2022, reporting $44.5 million in adjusted net earnings. The earnings indicated a decline of 39.62% (YoY) from $73.7 million realized in Q3 2021. There was an increase in cost above its all-in-sustaining cost ((AISC)) as well as operating costs from Q2 2022 due to rising global inflationary pressures. Yamana Gold There was a decline in mineral production against an increase in costs with the all-in-sustaining cost (AISC) per gold equivalent ounce ((GEO)) rising by 10.3% (QoQ). Gold production declined 4% (QoQ) to 216,673 ounces while silver production fell 3% (QoQ) to 2,212,765 ounces. Despite the decline, the production was within the guidance given by the company in Q2 2022 considering the gold-to-silver ratio was edging towards its annual high at 95.398. Chards.co.uk A rise in the gold-to-silver ratio especially based on the lower silver-to-gold prices tends to reduce the production of the GEO which stood at 241,302. However, Yamana's gold production of 216,673 exceeded the company's guidance fueled by increased production in the Canadian Malartic with 75,262 ounces and Jacobina with 50,113 ounces. These two mines are of special interest since the Canadian Malartic is the largest open pit gold mine in Canada while Jacobina exceeded 50,000 ounces of gold production for the first time in Q3 2022. Additional points for Gold Fields Shareholders to Consider Yamana's Canadian Malartic is set to transition into the largest underground mine in Canada with a lifespan extending past 2035. According to Yamana, the Malartic will begin the underground operation dubbed the Odyssey Project approximately in 2028 and run until 2039. The company is on a growth trajectory as far as production is concerned with the production of gold and silver pegged at about 1 million ounces annually. A look at Q3 2022 earnings shows that gold's revenue per ounce was more stable than silver's revenue per ounce. Yamana's revenue per ounce of gold declined 3.4% (YoY) to $1,728 while revenue per ounce of silver fell 20.3% (YoY) to $19.31. As expected, there was a 13.6% drop in the cash flows (YoY) from operating activities to $164.7 million with the company promising an increase in Q4 2022. This increase would be driven by increased production which would lead to sequential improvement. Yamana's operations are in four main countries: Canada, Chile, Brazil, and Argentina with about 88% of its revenue coming from the sale of gold alone. Yamana intends to increase its annual production to 1.5 million ounces. In the near term, the company's guidance stands at 1.06 million GEO supported by the completion of the phase 2 expansion in Jacobina and a maiden production expected from the Odyssey project in H1 2023. To support the long-term 1.5 million GEO production guidance, Yamana intends to construct the Wasamac gold mine in Quebec, Canada. This mine is expected to ramp up production to 200,000 ounces in 2027 and raise production to 250,000 ounces by 2028. Jacobina mine (in Brazil) will also undergo a Phase 3 plant expansion intended to increase production to 40,000 ounces of gold. The Argentine mine of Cerro Moro is also expected to be expanded to raise production to 60,000 ounces of GEO. Gold Fields is getting these assets and more without paying a massive premium such as can be expected for a foreign miner seeking to enter exclusive regions such as Canada. Better Exposure Gold Fields has 9 operating mines in Australia, Peru, South Africa (parent country), and West Africa with a project in Chile. It also has a joint venture called the Asanko JV with Asanko Gold in Ghana. Gold Fields' attributable gold-equivalent ((GEO)) production in 2021 increased by 5% to 2.34 million ounces up from 2.24 million ounces in 2020. If we combine this production with Yamana's approximately 1 million ounces then it will mean that Gold Fields will increase their gold production to almost 3.5 million ounces. It will have spread its assets in at least four continents. North and South America, Africa, and Australia. Gold Fields' shareholders are tempted to look at the opportunities provided by the long-term projects in Canada, Argentina, and Brazil, areas in which Yamana Gold has capitalized in terms of gold production. It presents a chance to link Yamana's asset portfolio with Gold Fields' technical capacity. For example, the Odyssey Project presents a mine that can sustain a 20-year production life span, which in my view is exactly what a miner like Gold Fields needs.
Seeking Alpha • Aug 13

Yamana Gold Could Hedge Against The Headwinds Of This Economy

The Canadian gold and silver mining group Yamana Gold Inc. unfolds strong operating cash flow. Trends and operational facts from Q2 2022 point to more quarters of good performance ahead. Yamana Gold's stock could perform exceptionally well, supported by the much-anticipated higher prices and production of the precious metal. Against increased inflation and a significant risk of recession, Yamana Gold Inc. (AUY), a Canadian mid-sized producer of ounces of equivalent gold, represents a good hedge with its shares expected to trade above current levels. The stock's valuation is expected to improve over the course of 2022 as the market could welcome the company's main upside operating potential, which is a strong cash flow generation. A solid portfolio of mining operations in Argentina's Santa Cruz province, Bahia state of Brazil and Antioquia Department in Central Northwest Colombia is on track to continue to perform well after a very good second quarter of 2022. This, coupled with expectations for higher gold prices in the coming months, supports a bullish stance on Yamana Gold Inc. About the Positive Trend of Yamana Gold's Mineral Business Based on the positive trend of Yamana Gold Inc.'s minerals business, continued strong cash flow generation is likely to occur. In the second quarter of 2022, the Canadian miner saw the volume of gold equivalent ounces [GEO] increase a lot year on year, as the output in the aforementioned quarter was 260,960 GEOs, compared to 241,341 GEOs the year before. Costs were consistent compared to last year, as can easily be seen from the all-in-sustain costs, which have increased by just $3 to $1,084 per GEO. The company benefited in the second quarter from an efficient mine expansion strategy and successful exploration programs, in addition to increased throughput at most rich parts of underground deposits and access to more valuable zones of ore bodies. Cash Flow Pays Back Yamana's Efforts Thanks to efficient operations and supportive prices, operating cash flow and free cash flow before dividends and debt service have grown remarkably at a rate of more than 15%. The operating cash flow hovered at approximately $190 million in the quarter, while free cash flow was approximately $53 million. The miner outperformed many operators, including one of its larger rivals, Kinross Gold Corporation (KGC), which instead reported just a 1% year-over-year increase in operating cash flow and a little over 10% increase in free cash flow. Since the same factors that we observed in the second quarter of 2022 will most likely play out for the rest of the year and beyond, Yamana Gold Inc can only look forward to showing its peers that cash flow was not a sporadic result. The additional cash flow will give the company greater financial flexibility, although the company does not intend to exceed $175 million in expansion capital for now and is therefore maintaining a prudent profile. Guidelines for Production in 2022 and Up to 2024, and Current Resources In terms of future gold equivalent production, Yamana Gold expects to produce one million ounces in 2022, slightly less than last year's 1.01 million GEOs, and then increase to 1.03 million in 2023 and 1.06 million GEOs in 2024. The company will undergo mineral activities in a catchment area of probable and proven mineral resources with the following characteristics. The company's proven and probable reserves currently account for approximately 13.67 million gold ounces and about 111.26 million silver ounces, and the average precious metal content in grams per ton of mineral is 0.56 for gold and 5.5 for silver. According to current gold and silver prices, Yamana Gold has more than 15 years, perhaps 20 years of production ahead, excluding the ounces that can be obtained from estimated reserves. In the near term, the company estimates that production will increase in the second half of 2022 due to the impact of the mining sequence and as a result of higher-grade metal veins expected to be intersected at the silver deposits especially. The Balance Sheet Appears Solid The company's balance sheet, which must not only ensure business continuity and financial flexibility but also protect against the negative impact of fluctuations in the commodity markets, currently appears solid. Cash and cash equivalents on hand of $545.1 million represented 0.7 times the total debt of $773.5 million in Q2 2022. However, the interest coverage was 10.44, which indicates that Yamana Gold can easily bear the financial burden as the ratio should ideally not be lower than 1.5. Analysts on Yamana Gold's Stock and Current Share Price Sell-side analysts have released positive recommendations for this stock in recent weeks and predict a solid rise in the stock price within the next 52 weeks. The median recommendation rating is an outperform rating and the median target price is $6.69, reflecting nearly 33% upside potential from current stock price levels. seekingalpha.com
Seeking Alpha • Aug 04

Yamana Gold: Gold Fields Merger Is Likely To Close

This is a merger arbitrage setup in the gold mining industry currently offering a ~34% annualized return if the merger closes as expected. Gold Fields is buying peer Yamana Gold in an all-stock transaction. The main uncertainty is buyer’s shareholder approval as the transaction values Yamana at a significant premium. However, strong strategic rationale, management’s actions, and other industry transactions suggest that consensus with shareholders could be reached. Note: both companies have multiple listings - Yamana Gold is listed on TSX and LSE while Gold Fields trades on JSE and SWX. This write-up refers to their NYSE tickers and spread. South African mining group Gold Fields Limited (GFI) is buying Canadian peer Yamana Gold Inc. (AUY). The consideration is all-stock - 0.6 GFI shares for each AUY share. The merger requires regulatory and shareholder approvals from both the buyer and the target. While regulatory and AUY equity holder approvals seem very likely, the main uncertainty here appears to be buyer's shareholder approval. Upon the merger announcement on May 31, GFI's stock plunged 24% reflecting shareholder hostility. In mid-June, GFI's two large shareholders, fund managers VanEck (5% stake) and Redwheel (3%), voiced their opposition towards the transaction, claiming that it is too expensive and untimely for the buyer. Initially, the merger spread stood at 5% but has widened massively since the reports of shareholder opposition, reaching as much as 22%. On July 15, GFI's CEO stated that some positive progress in shareholder discussions has been made. The spread somewhat narrowed but remains wide at 13%. Shareholder meetings will be held in October and the companies expect the merger to close in H2'22. Yahoo Finance GFI's shareholder approval is far from guaranteed. However, I see several arguments suggesting that GFI's management will eventually secure shareholder consent: The merger seems to have a strong strategic rationale for the buyer given AUY's low-cost mine portfolio and numerous long-term exploration/development assets that GFI currently lacks. GFI's management has put a lot of effort behind communicating with GFI equity holders and pointing them to the deal's rationale. According to ICE's CEO, progress has been made and "many shareholders are starting to say "we get it." Moreover, the management has recently agreed to raise its dividend payout ratio after the acquisition closes in an effort to appease shareholders. Key shareholder VanEck's history with the Newmont-Goldcorp merger suggests that it could eventually support current acquisition. Similar industry transactions reveal that, despite the significant premium over the trading price, AUY is valued at a fairly low EV/EBITDA multiple. Strategic Rationale Let's start with the strategic rationale. In my view, the main benefit for GFI here is that the transaction will expand the company's long-term asset pipeline. Despite being the sixth largest gold producer (as of 2020), GFI operates mostly near-term operating cash flow assets whose production is expected to decline in the upcoming decade. GFI's standalone production is projected to peak at 2.8 Moz in 2027 before steeply falling to around 2m ounces per year. A quote from GFI CEO summarizes this nicely: "We still have a runway over the next few years or so to continually grow both the cash flow and the volume [of gold we produce]. But if we look at the next 10 years, we don't have the projects, we don't have the pipeline of assets in our own portfolio." GFI's only large development asset is Salares Norte mine in Chile, however, its measured and indicated (M&I) resources stand at only 4.5 Moz - insignificant compared to current GFI's annual production. AUY, on the other hand, has numerous exploration/ development/ feasibility-stage assets. Some examples: MARA mine in Argentina. AUY has a 56% ownership stake. M&I resources are estimated at 48.1 Moz - by far the largest among AUY current assets and second only to GFI's key South Deep mine. P&P reserves include 7.4 Moz of gold. Feasibility study is expected to be completed by the end of 2022. Expected mine life is 28 years. Wasamac mine in Canada. P&P reserves estimated at 1.9 Moz. Production is expected to begin in 2026, reaching ~500k oz annually by 2028 and will keep these production levels until at least 2041. Malartic Odyssey mine in Canada. This is an underground extension of AUY's largest open pit mine. It is expected to extend mine's life to at least 2039. GFI has a 50% ownership in the project. Expected peak production is 500k-600k oz annually. There are numerous other projects in AUY's exploration pipeline. In this light, the merger provides GFI with future growth optionalities that the current business somewhat lacks. Importantly, the acquisition will also expand GFI's portfolio with a world-class asset - Canadian Malartic - which is a top 10 gold mine by production globally. The mine has an annual production of ~700k oz (by far the most among the two companies) and an expected mine life to at least 2040. AUY holds a 50% ownership stake. Yamana Gold and Gold Fields Investor Presentation, May 31, 2022 Another benefit for the buyer - diversification of its asset portfolio. Whereas GFI has only one mine in the Americas in addition to Salares Norte (Cerro Corona in Peru), AUY operates mines exclusively in the Americas. However, Cerro's M&I resources are only at 1.7 Moz. Besides providing diversification, gold assets in the Americas region generally have lower All-In Sustaining Costs (AISC). In 2021, AUY's AISC stood at $1,030/oz. For reference, the industry average was $1,068/oz while GFI achieved $1,063/oz. For this reason, addition of AUY's mines is expected to make the combined company the second lowest-cost producer among the gold majors. The merger is expected to save $40m run-rate annual overhead and procurement savings. This is quite significant - for comparison, AUY has guided for $86m in 2022 G&A expenses. Synergies are projected to mostly come from South America as both companies operate mines in Chile. Shareholders Thresholds for shareholder approvals are at two-thirds of the votes cast for AUY and 50% of votes cast for GFI (with at least 75% of the total voting rights exercised). Given the proposal's premium to the share price at the time (34% to AUY's 10-day VWAP), I expect AUY shareholders to approve the merger. Reportedly, this premium is the second-highest in gold miner acquisitions the last 5 years. Another important aspect - the deal is all-stock, which gives target's shareholders the opportunity to capitalize on the projects that the combined company will have in its pipeline. Meanwhile, GFI's shareholders - Redwheel and VanEck - have criticized the offer as overvaluing AUY. While Redwheel has openly pushed GFI to abandon the deal and pushed for share buybacks instead, VanEck described the deal as "poorly structured." Here it is important to note that VanEck is also a large shareholder in AUY and owns 12%, showing the importance of this equity holder in the setup.
Seeking Alpha • Jul 28

Yamana Gold GAAP EPS of $0.07, revenue of $485.6M

Yamana Gold press release (NYSE:AUY): Q2 GAAP EPS of $0.07. Revenue of $485.6M (+11.0% Y/Y). Quarterly total cost of sales, cash costs and AISC on a per GEO basis of $1,168, $734, and $1,084 respectively, were in line with plan and substantially unchanged versus the prior year comparative quarter.  Cash flows from operating activities for the three months ended June 30, 2022 were $187.8 million an increase of 22.3% compared to $153.5 million in the prior year comparative quarter. Net free cash flow for the three months ended June 30, 2022 was $136.6 million, an increase of 41.7% Y/Y.  The Company expects higher silver production in the second half of 2022, due to mining sequence and the mining of the Providencia Sur, Dorada SW and Flat zones, where an increase in higher silver grade is anticipated.
Seeking Alpha • Jun 27

Yamana: Buy Gold At A Discount

It's wise to own some gold. It's wiser to own it at a discount. Here’s one way to get it on sale.
Seeking Alpha • Apr 27

Yamana Gold: A Top Stock For A High-Inflation Environment

Seeking Alpha recently announced a “top stock for a high inflation environment” competition. Yamana Gold is a solid candidate for this contest. This is because gold stocks tend to do well during inflationary environments. Moreover, Yamana is prudently run, well financed, and has a diversified asset base spread across many countries and mine sites. Finally, the business is in growth mode.
Seeking Alpha • Apr 07

Yamana Gold: A Bright Future

Yamana Gold is getting ready to report its Q1 2022 results later this month after just coming off a strong quarter in Q4. Based on the company's FY2022 guidance, we should have higher revenue in H2 2022, helped by a higher average realized gold price and similar production levels. Looking ahead over the next decade, the company's 5-year and long-term outlook is looking much more attractive, with a path to more than 2.20 million GEOs per annum with MARA. Given this upgraded outlook and Yamana's solid cost controls relative to its peers, I continue to see the stock as a top-5 producer, and a buy on sharp pullbacks.
Seeking Alpha • Feb 21

Yamana Gold: Still Trading At A Discount To Fair Value

Yamana Gold released its FY2021 Reserve & Resource statement last week, reporting another year of reserve growth, and ending the year with ~13.7 million ounces of gold reserves. Notably, this replacement of depletion was achieved without adjusting the company's gold price assumptions, with Yamana's gold price used to calculate reserves remaining well below spot prices at $1,250/oz. In addition to reserve growth, Yamana also saw resource growth at Canadian Malartic (50%) and Jacobina, the company's two primary assets. Based on what I believe to a fair value of more than $7.00 per share, I continue to see Yamana Gold as reasonably valued, and I would view sharp pullbacks as buying opportunities.
Seeking Alpha • Jan 27

Yamana Gold: Solid Production

Yamana Gold posted a solid gold equivalent production of 281,388 GEOs in 4Q21 or 1,011,180 GEOs for the full year 2021. The company had about $525 million in cash and cash equivalents in 4Q21 and about $540 million in total cash. I recommend buying AUY at or below $4.18.
Seeking Alpha • Jan 18

Yamana Gold: Trading At A Sustaining Free Cash Flow Yield North Of 10%

Yamana Gold has exceeded its 2021 production guidance and is aiming to keep its production level stable at approximately 1 million gold-equivalent ounces per year. At $1800 gold, Yamana Gold is generating north of $450M in sustaining free cash flow per year. That makes the current market cap of $4B very attractive.
Seeking Alpha • Nov 02

Yamana Gold: The Recent Decline Isn't Justified

Yamana is performing exceptionally well both operationally and financially. The current operations more than support Yamana's $3.8 billion valuation. Yamana is getting zero value for MARA, even though its 56.25% stake is worth ~$2.5 billion at current gold and copper prices. Yamana is well-positioned to deliver on all of this value.
Seeking Alpha • Sep 13

Yamana Gold Is The Definition Of Cheap

Trades at a price to cash flow ratio of roughly 5.9. Is expected to increase gold production to over 1 million ounces. Negative net income due to large tax deferred expense. Is focused on returning capital back to shareholders.
Seeking Alpha • Aug 13

Yamana Gold: A Senior Producer To Buy On Dips

Yamana Gold released an update on its Jacobina Mine earlier last month, highlighting the potential to move to Phase 2 at much lower costs than initially projected. Based on trials in Q2, the processing plant has shown it can operate well above 8,000 tonnes per day, reducing the need for an additional ball mill. Assuming a H2 2023 commissioning, Jacobina Phase 2 would add ~50,000 ounces of annual output to Yamana's production profile, translating to mid-single-digit production growth at minimal extra cost. Given Yamana's already enviable organic growth profile and a very reasonable valuation, I would view any dips below $4.05 as low-risk buying opportunities.
Seeking Alpha • Jul 20

Yamana Gold: A Dirt-Cheap Valuation For This Organic Growth Story

Yamana Gold released a Feasibility Study for its Wasamac Project this week, showcasing a larger operation than Monarques Gold envisioned before being acquired. Based on new projections, Wasamac is expected to produce ~184,000 ounces per annum for its first five years, at industry-leading costs of $828/oz. Notably, while the project is slightly larger at 7,000 tonnes per day, upfront capex is lower, at just over ~$400 million for this medium-scale project. Based on Yamana's enviable organic growth pipeline and attractive dividend yield, I see this dip to $4.15 as a low-risk buying opportunity.
Seeking Alpha • Jul 12

Yamana Gold: Oversold And Under Book Value Makes For An Attractive Investment

Yamana Gold is currently down over 30% year-to-date due to the negative market sentiment surrounding gold stocks. The stock topped out at just over $7.00 per share in August 2020 and have now come down to a reasonable level where the price appears to be hitting support. The stock is oversold in the near term and trading below book value, which presents an opportunity for long-term investors to accumulate more shares.

Rendement voor aandeelhouders

AUYUS Metals and MiningUS Markt
7D-0.2%0.3%1.1%
1Y-1.7%85.5%28.7%

Rendement versus industrie: AUY overtrof de US Metals and Mining industrie, die het afgelopen jaar een rendement 85.5 % opleverde.

Rendement versus markt: AUY overtrof de US markt, die het afgelopen jaar een rendement opleverde van 28.7 %.

Prijsvolatiliteit

Is AUY's price volatile compared to industry and market?
AUY volatility
AUY Average Weekly Movement4.2%
Metals and Mining Industry Average Movement9.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stabiele aandelenkoers: AUY heeft de afgelopen 3 maanden geen significante prijsvolatiliteit gekend vergeleken met de US markt.

Volatiliteit in de loop van de tijd: De wekelijkse volatiliteit ( 4% ) van AUY is het afgelopen jaar stabiel geweest.

Over het bedrijf

OpgerichtWerknemersCEOWebsite
20035,874Daniel Racinewww.yamana.com

Yamana Gold Inc. Samenvatting

Hoe verhouden de winst en inkomsten van Yamana Gold zich tot de beurswaarde?
AUY fundamentele statistieken
MarktkapitalisatieUS$5.61b
Inkomsten(TTM)-US$982.30m
Inkomsten(TTM)US$1.81b
3.1x
P/S-verhouding
-5.7x
Koers/Winstverhouding

Is AUY overgewaardeerd?

Zie Reële waarde en waarderingsanalyse

Inkomsten en omzet

Belangrijkste winstgevendheidsstatistieken uit het laatste winstverslag (TTM)
AUY resultatenrekening (TTM)
InkomstenUS$1.81b
Kosten van inkomstenUS$778.10m
BrutowinstUS$1.03b
Overige uitgavenUS$2.01b
Inkomsten-US$982.30m

Laatst gerapporteerde inkomsten

Dec 31, 2022

Volgende inkomensdatum

n.v.t.

Winst per aandeel (EPS)-1.02
Brutomarge56.94%
Nettowinstmarge-54.36%
Schuld/Eigen Vermogen Verhouding21.5%

Hoe presteerde AUY op de lange termijn?

Bekijk historische prestaties en vergelijking

Dividenden

2.1%
Huidig dividendrendement
-12%
Uitbetalingsratio

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2023/04/03 23:16
Aandelenkoers aan het einde van de dag2023/03/31 00:00
Inkomsten2022/12/31
Jaarlijkse inkomsten2022/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina. We hebben ook handleidingen over hoe je onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

Yamana Gold Inc. wordt gevolgd door 26 analisten. 2 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
Richard GrayATB Cormark Historical (Cormark Securities)
Farooq HamedBarclays
Richard HatchBerenberg