TSX:YRI

Stock Analysis Report

Executive Summary

Yamana Gold Inc. engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina.

Snowflake

Fundamentals

Moderate growth potential with imperfect balance sheet.


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


Market Performance


7 Day Return

0.5%

YRI

0.5%

CA Metals and Mining

0.2%

CA Market


1 Year Return

26.8%

YRI

15.0%

CA Metals and Mining

3.5%

CA Market

Return vs Industry: YRI exceeded the Canadian Metals and Mining industry which returned 15% over the past year.

Return vs Market: YRI exceeded the Canadian Market which returned 3.5% over the past year.


Shareholder returns

YRIIndustryMarket
7 Day0.5%0.5%0.2%
30 Day-10.2%-8.9%-3.3%
90 Day14.6%-8.0%-1.9%
1 Year27.9%26.8%15.9%15.0%7.3%3.5%
3 Year-10.1%-12.2%-11.6%-13.2%14.7%4.4%
5 Year-24.1%-28.3%15.4%11.6%26.2%7.7%

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?

0.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: YRI (CA$4.31) is trading above our estimate of fair value (CA$3.16)

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


Price To Earnings Ratio

PE vs Industry: YRI is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: YRI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YRI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: YRI is good value based on its PB Ratio (0.8x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is Yamana Gold forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

21.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YRI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: YRI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: YRI's is expected to become profitable in the next 3 years.

Revenue vs Market: YRI's revenue is expected to decline over the next 3 years (-4.1% per year).

High Growth Revenue: YRI's revenue is forecast to decline over the next 3 years (-4.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if YRI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Yamana Gold performed over the past 5 years?

33.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: YRI is unprofitable, but has reduced losses over the past 5 years at a rate of 33.1% per year.

Accelerating Growth: Unable to compare YRI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YRI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-11.9%).


Return on Equity

High ROE: YRI has a negative Return on Equity (-3.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: YRI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: YRI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Yamana Gold's financial position?


Financial Position Analysis

Short Term Liabilities: YRI's short term assets ($1.2B) exceeds its short term liabilities ($751.0M)

Long Term Liabilities: YRI's short term assets (1.2B) do not cover its long term liabilities (3.3B)


Debt to Equity History and Analysis

Debt Level: YRI's debt to equity ratio (46%) is considered high

Reducing Debt: YRI's debt to equity ratio has increased from 25.5% to 46% over the past 5 years.


Balance Sheet

Inventory Level: YRI has a high level of physical assets or inventory.

Debt Coverage by Assets: YRI's debt is not covered by short term assets (assets are 0.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: YRI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if YRI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

1.21%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%2.0%markettop25%5.9%industryaverage1.3%forecastin3Years1.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: YRI's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.98%).

High Dividend: YRI's dividend (1.21%) is low compared to the top 25% of dividend payers in the Canadian market (5.92%).

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

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


Current Payout to Shareholders

Dividend Coverage: YRI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YRI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Yamana Gold's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Daniel Racine (56yo)

1.2yrs

Tenure

US$2,879,618

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Canadian market.

Compensation vs Earnings: Daniel's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

3.0yrs

Average Tenure

56yo

Average Age

Experienced Management: YRI's management team is considered experienced (3 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

59yo

Average Age

Experienced Board: YRI's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: YRI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$107,25016 Aug 19
Peter Marrone
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares25,000
Max PriceUS$4.29
BuyUS$195,54510 May 19
Daniel Racine
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares70,000
Max PriceUS$2.79
BuyUS$307,34018 Apr 19
Peter Marrone
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares100,000
Max PriceUS$3.07
SellUS$9,10523 Mar 19
Ross Gallinger
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Health
Shares2,678
Max PriceUS$3.40
SellUS$5,35823 Mar 19
Daniel Racine
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares1,576
Max PriceUS$3.40
SellUS$8,99323 Mar 19
Gerardo Fernandez-Tobar
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development
Shares2,645
Max PriceUS$3.40
SellUS$8,02423 Mar 19
Sofia Tsakos
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares2,360
Max PriceUS$3.40
SellUS$5,35823 Mar 19
Richard Campbell
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares1,576
Max PriceUS$3.40
SellUS$8,15723 Mar 19
Yohann Bouchard
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of Operations
Shares2,399
Max PriceUS$3.40
SellUS$4,02223 Mar 19
Jason LeBlanc
EntityIndividual
Role
Chief Financial Officer
Senior VP of Finance & CFO
Shares1,183
Max PriceUS$3.40
BuyUS$255,34701 Mar 19
Peter Marrone
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares75,000
Max PriceUS$3.41
BuyUS$178,00026 Feb 19
Jason LeBlanc
EntityIndividual
Role
Chief Financial Officer
Senior VP of Finance & CFO
Shares50,000
Max PriceUS$3.56
SellUS$6,78028 Jan 19
Richard Campbell
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares2,187
Max PriceUS$3.10
SellUS$9,29428 Jan 19
Gerardo Fernandez-Tobar
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development
Shares2,998
Max PriceUS$3.10
SellUS$7,79628 Jan 19
Daniel Racine
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares2,515
Max PriceUS$3.10
SellUS$10,26428 Jan 19
Sofia Tsakos
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares3,311
Max PriceUS$3.10
BuyUS$14,99422 Dec 18
Ross Gallinger
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Health
Shares4,900
Max PriceUS$3.06
BuyUS$91,29020 Dec 18
Daniel Racine
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares30,000
Max PriceUS$3.04
BuyUS$211,23919 Dec 18
Daniel Racine
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares70,000
Max PriceUS$3.02
BuyUS$2,070,51019 Dec 18
Peter Marrone
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares650,000
Max PriceUS$3.19

Ownership Breakdown


Management Team

  • Peter Marrone (59yo)

    Executive Chairman

    • Tenure: 12.4yrs
    • Compensation: US$5.14m
  • Ross Gallinger

    Senior Vice President of Health

    • Tenure: 4.4yrs
  • Daniel Racine (56yo)

    President & CEO

    • Tenure: 1.2yrs
    • Compensation: US$2.88m
  • Sofia Tsakos (48yo)

    Senior VP

    • Tenure: 9.3yrs
    • Compensation: US$1.11m
  • Jason LeBlanc

    Senior VP of Finance & CFO

    • Tenure: 2.7yrs
    • Compensation: US$1.27m
  • Henry Marsden

    Senior Vice President of Exploration

    • Tenure: 1.7yrs
  • Richard Campbell

    Senior Vice President of Human Resources

    • Tenure: 8.4yrs
  • Gerardo Fernandez-Tobar

    Senior Vice President of Corporate Development

    • Tenure: 0.6yrs
  • Yohann Bouchard

    Senior Vice President of Operations

    • Tenure: 3.3yrs
    • Compensation: US$1.44m

Board Members

  • Alex Davidson (67yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$233.75k
  • John Begeman (65yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$235.50k
  • Peter Marrone (59yo)

    Executive Chairman

    • Tenure: 12.4yrs
    • Compensation: US$5.14m
  • Dino Titaro (67yo)

    Independent Director

    • Tenure: 14.2yrs
    • Compensation: US$240.75k
  • Dick Graff (72yo)

    Lead Director

    • Tenure: 2.1yrs
    • Compensation: US$272.50k
  • Christiane Bergevin (56yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$221.50k
  • Jane Sadowsky (57yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$238.00k
  • Andréa Bertone (58yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$216.00k
  • Kim Keating (46yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$218.25k

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$4.096b
  • Shares outstanding: 950.40m
  • 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
0P6GLSE (London Stock Exchange)YesCommon SharesGBCADFeb 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. engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:48
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.