TSX:YRI

Stock Analysis Report

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Executive Summary

Yamana Gold Inc., a precious metals producer, explores for and produces gold and silver ores. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Yamana Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YRI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.9%

YRI

-0.9%

CA Metals and Mining

-1.0%

CA Market


1 Year Return

74.1%

YRI

54.1%

CA Metals and Mining

-4.3%

CA Market

Return vs Industry: YRI exceeded the Canadian Metals and Mining industry which returned 54.2% over the past year.

Return vs Market: YRI exceeded the Canadian Market which returned -4.2% over the past year.


Shareholder returns

YRIIndustryMarket
7 Day-2.9%-0.9%-1.0%
30 Day-1.7%-1.2%1.3%
90 Day-8.7%-1.2%1.9%
1 Year76.4%74.1%55.3%54.1%-0.9%-4.3%
3 Year150.2%143.1%58.2%55.1%6.4%-4.0%
5 Year169.5%156.8%151.2%143.4%33.3%12.8%

Price Volatility Vs. Market

How volatile is Yamana Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yamana Gold undervalued compared to its fair value and its price relative to the market?

21.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: YRI (CA$7.73) is trading above our estimate of fair value (CA$5.41)

Significantly Below Fair Value: YRI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: YRI is good value based on its PE Ratio (21.5x) compared to the CA Metals and Mining industry average (23.8x).

PE vs Market: YRI is poor value based on its PE Ratio (21.5x) compared to the Canadian market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: YRI is poor value based on its PEG Ratio (8.6x)


Price to Book Ratio

PB vs Industry: YRI is good value based on its PB Ratio (1.3x) compared to the CA Metals and Mining industry average (2.8x).


Next Steps

Future Growth

How is Yamana Gold forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YRI's forecast earnings growth (2.5% per year) is above the savings rate (1.7%).

Earnings vs Market: YRI's earnings (2.5% per year) are forecast to grow slower than the Canadian market (21.1% per year).

High Growth Earnings: YRI's earnings are forecast to grow, but not significantly.

Revenue vs Market: YRI's revenue (7.9% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: YRI's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YRI's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Yamana Gold performed over the past 5 years?

58.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YRI has a large one-off gain of $236.3M impacting its June 30 2020 financial results.

Growing Profit Margin: YRI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: YRI has become profitable over the past 5 years, growing earnings by 58.6% per year.

Accelerating Growth: YRI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: YRI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.5%).


Return on Equity

High ROE: YRI's Return on Equity (6.1%) is considered low.


Next Steps

Financial Health

How is Yamana Gold's financial position?


Financial Position Analysis

Short Term Liabilities: YRI's short term assets ($577.7M) exceed its short term liabilities ($481.3M).

Long Term Liabilities: YRI's short term assets ($577.7M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: YRI's debt to equity ratio (26.4%) is considered satisfactory.

Reducing Debt: YRI's debt to equity ratio has reduced from 27.3% to 26.4% over the past 5 years.

Debt Coverage: YRI's debt is well covered by operating cash flow (52%).

Interest Coverage: YRI's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

What is Yamana Gold current dividend yield, its reliability and sustainability?

1.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YRI's dividend (1.78%) is higher than the bottom 25% of dividend payers in the Canadian market (1.69%).

High Dividend: YRI's dividend (1.78%) is low compared to the top 25% of dividend payers in the Canadian market (5.78%).


Stability and Growth of Payments

Stable Dividend: YRI's dividend payments have been volatile in the past 10 years.

Growing Dividend: YRI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.5%), YRI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: YRI's dividends in 3 years are forecast to be well covered by earnings (38.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Daniel Racine (57 yo)

2.17yrs

Tenure

US$5,161,074

Compensation

Mr. Daniel Racine, Ing. P.Eng., has been the President and Chief Executive Officer at Yamana Gold, Inc. since August 2018. Mr. Racine has been with Yamana Gold since 2014 and In his capacity as President a ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD5.16M) is about average for companies of similar size in the Canadian market ($USD4.00M).

Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Marrone
Executive Chairman13.42yrsUS$6.69m0.28%
$ 20.5m
Daniel Racine
President & CEO2.17yrsUS$5.16m0.049%
$ 3.6m
Jason LeBlanc
Senior VP of Finance & CFO3.67yrsUS$1.63m0.013%
$ 922.5k
Yohann Bouchard
Senior Vice President of Operations4.25yrsUS$1.63m0.012%
$ 851.9k
Gerardo Fernandez-Tobar
Senior Vice President of Corporate Development1.58yrsUS$1.62m0.017%
$ 1.3m
Sofia Tsakos
Senior VP12.83yrsUS$1.11m0.021%
$ 1.5m
Richard Campbell
Senior Vice President of Human Resources9.42yrsno data0.0089%
$ 651.0k
Ross Gallinger
Senior Vice President of Health5.42yrsno data0.0068%
$ 498.8k
Henry Marsden
Senior Vice President of Exploration2.67yrsno data0.0026%
$ 188.3k
Luke Buchanan
Vice President of Technical Servicesno datano datano data

4.0yrs

Average Tenure

57yo

Average Age

Experienced Management: YRI's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Marrone
Executive Chairman13.42yrsUS$6.69m0.28%
$ 20.5m
Alexander Davidson
Independent Director11.17yrsUS$224.50k0.00086%
$ 63.3k
John Begeman
Independent Director13.42yrsUS$235.25k0.0011%
$ 80.9k
Dino Titaro
Independent Director15.17yrsUS$238.07k0.0015%
$ 108.1k
Richard Graff
Independent Lead Director3.08yrsUS$279.00k0.0046%
$ 339.9k
Christiane Bergevin
Independent Director6.08yrsUS$216.75kno data
Jane Sadowski
Independent Director6.08yrsUS$238.50k0.0037%
$ 270.0k
Kimberly Keating
Independent Director3.67yrsUS$224.25kno data

8.6yrs

Average Tenure

63yo

Average Age

Experienced Board: YRI's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: YRI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Yamana Gold Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yamana Gold Inc.
  • Ticker: YRI
  • Exchange: TSX
  • Founded: 1980
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$7.356b
  • Shares outstanding: 951.66m
  • Website: https://www.yamana.com

Number of Employees


Location

  • Yamana Gold Inc.
  • North Tower
  • Suite 2200
  • Toronto
  • Ontario
  • M5J 2J3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YRITSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 1995
AUYNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 1995
RNYDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1995
AUYLSE (London Stock Exchange)YesCommon SharesGBGBPFeb 1995
RNYXTRA (XETRA Trading Platform)YesCommon SharesDEEURFeb 1995
YRISWX (SIX Swiss Exchange)YesCommon SharesCHCHFFeb 1995
AUYBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 1 SHSARARSMay 2011

Biography

Yamana Gold Inc., a precious metals producer, explores for and produces gold and silver ores. Its producing mines comprise the Cerro Moro mine in Argentina, the Canadian Malartic mine in Canada, the El Peñ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:49
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.