Loading...

Yamana Gold

TSX:YRI
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YRI
TSX
CA$3B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Yamana Gold Inc. engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
YRI Share Price and Events
7 Day Returns
-2.8%
TSX:YRI
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-2.5%
TSX:YRI
-5.9%
CA Metals and Mining
0.7%
CA Market
YRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yamana Gold (YRI) -2.8% 0.9% 12.9% -2.5% -8.4% -64.5%
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • YRI outperformed the Metals and Mining industry which returned -5.9% over the past year.
  • YRI underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
YRI
Industry
5yr Volatility vs Market

YRI Value

 Is Yamana Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Yamana Gold to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yamana Gold.

TSX:YRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:YRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (72.37%))
1.542
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.542 * 5.96%)
11.14%

Discounted Cash Flow Calculation for TSX:YRI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yamana Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:YRI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.14%)
2019 159.67 Analyst x3 143.67
2020 374.67 Analyst x6 303.35
2021 269.33 Analyst x3 196.21
2022 53.00 Analyst x1 34.74
2023 202.00 Analyst x1 119.15
2024 156.95 Est @ -22.3% 83.30
2025 133.36 Est @ -15.03% 63.69
2026 120.11 Est @ -9.94% 51.61
2027 112.46 Est @ -6.37% 43.48
2028 108.10 Est @ -3.88% 37.61
Present value of next 10 years cash flows $1,076.81
TSX:YRI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $108.10 × (1 + 1.95%) ÷ (11.14% – 1.95%)
$1,199.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,199.37 ÷ (1 + 11.14%)10
$417.27
TSX:YRI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,076.81 + $417.27
$1,494.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,494.07 / 949.73
$1.57
TSX:YRI Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:YRI)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $1.57 x 1.333
CA$2.1
Value per share (CAD) From above. CA$2.10
Current discount Discount to share price of CA$3.49
= -1 x (CA$3.49 - CA$2.10) / CA$2.10
-66.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Yamana Gold is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yamana Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yamana Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:YRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.30
TSX:YRI Share Price ** TSX (2019-03-20) in CAD CA$3.49
TSX:YRI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $2.62
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yamana Gold.

TSX:YRI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:YRI Share Price ÷ EPS (both in USD)

= 2.62 ÷ -0.30

-8.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yamana Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Yamana Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Yamana Gold's expected growth come at a high price?
Raw Data
TSX:YRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
51.1%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Yamana Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yamana Gold's assets?
Raw Data
TSX:YRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.20
TSX:YRI Share Price * TSX (2019-03-20) in CAD CA$3.49
TSX:YRI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $2.62
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:YRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:YRI Share Price ÷ Book Value per Share (both in USD)

= 2.62 ÷ 4.20

0.62x

* Primary Listing of Yamana Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yamana Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Yamana Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Yamana Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

YRI Future Performance

 How is Yamana Gold expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
51.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yamana Gold expected to grow at an attractive rate?
  • Yamana Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Yamana Gold's earnings growth is expected to exceed the Canada market average.
  • Yamana Gold's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:YRI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:YRI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 51.1%
TSX:YRI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -2.7%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:YRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:YRI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,353 345 48 1
2022-12-31 1,305 287 17 1
2021-12-31 1,813 631 155 5
2020-12-31 1,842 627 126 10
2019-12-31 1,776 530 87 11
TSX:YRI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,799 404 -285
2018-09-30 1,777 448 -423
2018-06-30 1,853 533 -296
2018-03-31 1,850 555 -355
2017-12-31 1,804 484 -189
2017-09-30 1,809 490 -349
2017-06-30 1,780 517 -397
2017-03-31 1,790 593 -327
2016-12-31 1,788 665 -290
2016-09-30 1,742 805 -1,384
2016-06-30 1,702 718 -1,489
2016-03-31 1,663 640 -1,515

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yamana Gold's earnings are expected to grow significantly at over 20% yearly.
  • Yamana Gold's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:YRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Yamana Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:YRI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.09 0.12 0.05 2.00
2022-12-31 0.06 0.09 0.02 2.00
2021-12-31 0.16 0.23 0.10 5.00
2020-12-31 0.14 0.21 0.05 8.00
2019-12-31 0.10 0.16 0.03 8.00
TSX:YRI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.30
2018-09-30 -0.45
2018-06-30 -0.31
2018-03-31 -0.37
2017-12-31 -0.20
2017-09-30 -0.37
2017-06-30 -0.42
2017-03-31 -0.34
2016-12-31 -0.31
2016-09-30 -1.46
2016-06-30 -1.57
2016-03-31 -1.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Yamana Gold is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Yamana Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yamana Gold has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

YRI Past Performance

  How has Yamana Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yamana Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yamana Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Yamana Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Yamana Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Yamana Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yamana Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:YRI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,798.50 -284.60 104.80
2018-09-30 1,776.80 -423.30 120.10
2018-06-30 1,853.40 -296.40 131.10
2018-03-31 1,850.00 -354.50 133.90
2017-12-31 1,803.80 -188.50 133.10
2017-09-30 1,809.40 -348.80 120.90
2017-06-30 1,780.40 -396.90 112.50
2017-03-31 1,790.30 -326.50 118.80
2016-12-31 1,787.70 -290.40 118.20
2016-09-30 1,742.40 -1,384.40 123.90
2016-06-30 1,702.40 -1,489.20 125.90
2016-03-31 1,663.40 -1,515.40 118.90
2015-12-31 1,720.60 -1,686.70 123.50
2015-09-30 1,824.40 -537.50 113.60
2015-06-30 1,894.40 -1,310.20 116.30
2015-03-31 1,939.30 -1,298.70 127.40
2014-12-31 1,835.10 -1,194.90 130.50
2014-09-30 1,712.86 -1,307.27 141.53
2014-06-30 1,675.14 -384.12 151.24
2014-03-31 1,661.71 -407.72 143.94
2013-12-31 1,842.68 -274.23 148.37
2013-09-30 2,051.52 306.81 164.98
2013-06-30 2,206.66 323.32 183.44
2013-03-31 2,311.89 374.14 200.91
2012-12-31 2,336.76 442.06 207.31
2012-09-30 2,276.01 362.50 203.59
2012-06-30 2,219.42 418.30 179.93
2012-03-31 2,256.99 570.07 170.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Yamana Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Yamana Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Yamana Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Yamana Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yamana Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

YRI Health

 How is Yamana Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yamana Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yamana Gold's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Yamana Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Yamana Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yamana Gold Company Filings, last reported 2 months ago.

TSX:YRI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,024.00 1,799.30 105.90
2018-09-30 4,082.90 1,819.00 124.60
2018-06-30 4,165.30 1,738.60 123.20
2018-03-31 4,117.50 1,714.90 137.20
2017-12-31 4,447.30 1,911.80 162.10
2017-09-30 4,661.70 1,752.50 248.30
2017-06-30 4,610.10 1,710.20 230.80
2017-03-31 4,609.50 1,685.70 215.80
2016-12-31 4,580.00 1,632.80 106.90
2016-09-30 4,926.70 1,745.10 317.30
2016-06-30 4,936.10 1,757.70 195.30
2016-03-31 4,900.70 1,829.40 228.60
2015-12-31 4,864.60 1,813.70 218.40
2015-09-30 6,698.40 1,941.00 249.20
2015-06-30 6,826.40 1,858.80 244.20
2015-03-31 6,814.50 1,846.40 241.40
2014-12-31 6,732.80 2,129.50 292.00
2014-09-30 7,084.13 2,103.38 264.55
2014-06-30 8,142.79 2,075.13 274.48
2014-03-31 7,129.49 1,467.42 290.27
2013-12-31 7,158.11 1,291.33 301.27
2013-09-30 7,821.81 1,128.45 232.13
2013-06-30 7,814.74 1,104.30 379.82
2013-03-31 7,912.90 908.26 342.60
2012-12-31 7,861.88 765.91 349.59
2012-09-30 7,728.43 765.68 456.34
2012-06-30 7,622.47 765.70 752.66
2012-03-31 7,632.32 766.65 867.58
  • Yamana Gold's level of debt (44.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.1% vs 44.7% today).
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.

  • Yamana Gold has sufficient cash runway for 2.5 years based on current free cash flow.
  • Yamana Gold has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 100.8% each year.
X
Financial health checks
We assess Yamana Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yamana Gold has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

YRI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.76%
Current annual income from Yamana Gold dividends. Estimated to be 0.76% next year.
If you bought CA$2,000 of Yamana Gold shares you are expected to receive CA$15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Yamana Gold's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
  • Yamana Gold's dividend is below the markets top 25% of dividend payers in Canada (5.61%).
Upcoming dividend payment

Purchase Yamana Gold on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:YRI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:YRI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.02 2.00
2020-12-31 0.02 7.00
2019-12-31 0.02 9.00
TSX:YRI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.020 0.769
2018-10-25 0.020 0.853
2018-07-26 0.020 0.751
2018-05-02 0.020 0.685
2018-02-16 0.020 0.706
2017-10-26 0.020 0.687
2017-07-27 0.020 0.738
2017-05-03 0.020 0.787
2017-02-16 0.020 0.717
2016-10-27 0.020 0.638
2016-05-04 0.020 0.425
2016-02-18 0.020 0.603
2015-10-29 0.060 3.105
2015-07-30 0.060 3.084
2015-04-28 0.060 1.966
2014-10-29 0.060 1.505
2014-07-30 0.150 2.160
2014-04-30 0.150 1.913
2014-02-19 0.150 1.654
2013-10-30 0.260 2.833
2013-07-31 0.260 2.501
2013-04-30 0.260 2.448
2013-02-20 0.260 1.882
2012-10-29 0.260 1.482
2012-06-18 0.260 1.566
2012-05-01 0.220 1.503
2012-02-22 0.220 1.403
2011-11-03 0.200 1.268
2011-11-02 0.200 1.270
2011-05-10 0.180 1.326
2011-05-03 0.120 1.002
2011-02-24 0.120 0.955
2010-11-03 0.120 1.011
2010-08-04 0.080 0.754
2010-05-05 0.060 0.585
2010-03-04 0.040 0.390
2009-11-05 0.040 0.345
2009-09-01 0.040 0.362
2009-06-18 0.040 0.441
2009-03-23 0.040 0.442

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yamana Gold is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Yamana Gold is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Yamana Gold's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Yamana Gold's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • No need to calculate the sustainability of Yamana Gold's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Yamana Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yamana Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yamana Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

YRI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Racine
COMPENSATION $2,224,102
AGE 55
TENURE AS CEO 0.6 years
CEO Bio

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 and CEO, Mr. Racine is responsible for the business of the Company with all executive offices reporting directly to him. Mr. Racine served the Chief Operating Officer and Executive Vice President at Yamana Gold, Inc. since May 04, 2016 until August 2018. Mr. Racine served as a Senior Vice President of Northern Operations at Yamana Gold, Inc. (formerly known as Yamana Resources Inc.) Mr. Racine served as Senior Vice President of Canadian Operations and Mine Planning & Development at Yamana Gold, Inc. since May 13, 2014. Mr. Racine served as the President of Brigus Gold Corp. from January 1, 2013 to March 2014 and as its Chief Operating Officer from August 21, 2012 to March 2014. Mr. Racine is a mining executive with over 25 years of industry experience. He served as Senior Vice President of Mining at Agnico Eagle Mines Limited since June 2008. He oversaw Agnico's global mining operations. Mr. Racine served as Senior Vice President of Operations of Agnico-Eagle Mines Ltd. from June 2008 to February 2012. Mr. Racine served as Vice President of Operations of Agnico-Eagle Mines Ltd. from July 2006 to June 2008. He served Agnico-Eagle in various capacities for 19 years, including Operations Manager, LaRonde Mine Manager, Underground Superintendent and Mine Captain. Mr. Racine worked as a mining engineer for several mining companies. Mr. Racine joined Agnico-Eagle as a junior Mining Engineer in 1988. He had been a Director of Eagle Hill Exploration Corporation since September 16, 2013 until June 23, 2014. He has been a Director of Brio Gold, Inc. since November 18, 2016. He served as a Director of Mega Precious Metals Inc. from April 10, 2014 to June 27, 2014. He is a member of the Ordre des Ingenieurs du Quebec (OIQ) and Professional Engineers of Ontario (PEO). He is a registered engineer in Quebec (IEng) with L'Ordre des Ingenieurs du Quebec, a professional engineer (PEng) with the Professional Engineers Ontario and also a member of the Ontario Society of Professional Engineers. Mr. Racine graduated as a mining engineer from Laval University (B.Sc.) in December 1986.

CEO Compensation
  • Daniel's compensation has increased whilst company is loss making.
  • Daniel's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Yamana Gold management team in years:

2.1
Average Tenure
55
Average Age
  • The tenure for the Yamana Gold management team is about average.
Management Team

Peter Marrone

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
58

Daniel Racine

TITLE
President & CEO
COMPENSATION
$2M
AGE
55
TENURE
0.6 yrs

Jason LeBlanc

TITLE
Senior VP of Finance & CFO
COMPENSATION
$1M
TENURE
2.1 yrs

Yohann Bouchard

TITLE
Senior Vice President of Operations
COMPENSATION
$2M
TENURE
2.7 yrs

Gerardo Fernandez-Tobar

TITLE
Senior Vice President of Projects & Technical Services
TENURE
1.2 yrs

Steve Parsons

TITLE
Senior Vice President of Investor Relations & Corporate Communications
TENURE
1.8 yrs

Sofia Tsakos

TITLE
Senior VP
COMPENSATION
$1M
AGE
47
TENURE
8.8 yrs

Richard Campbell

TITLE
Senior Vice President of Human Resources
TENURE
7.8 yrs

Ross Gallinger

TITLE
Senior Vice President of Health
TENURE
3.9 yrs

Henry Marsden

TITLE
Senior Vice President of Exploration
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Yamana Gold board of directors in years:

7
Average Tenure
61
Average Age
  • The tenure for the Yamana Gold board of directors is about average.
Board of Directors

Peter Marrone

TITLE
Executive Chairman
COMPENSATION
$4M
AGE
58
TENURE
11.8 yrs

Dick Graff

TITLE
Lead Director
COMPENSATION
$264K
AGE
71
TENURE
1.5 yrs

C. Lees

TITLE
Director
COMPENSATION
$245K
AGE
74
TENURE
13.8 yrs

Jane Sadowsky

TITLE
Director
COMPENSATION
$233K
AGE
56
TENURE
4.5 yrs

Dino Titaro

TITLE
Director
COMPENSATION
$248K
AGE
66
TENURE
13.6 yrs

John Begeman

TITLE
Director
COMPENSATION
$240K
AGE
64
TENURE
11.8 yrs

Alex Davidson

TITLE
Director
COMPENSATION
$238K
AGE
66
TENURE
9.6 yrs

Christiane Bergevin

TITLE
Director
COMPENSATION
$225K
AGE
55
TENURE
4.5 yrs

Kim Keating

TITLE
Director
COMPENSATION
$196K
AGE
45
TENURE
2.1 yrs

Andréa Bertone

TITLE
Director
COMPENSATION
$84K
AGE
55
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Yamana Gold insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Mar 19 Buy Peter Marrone Individual 01. Mar 19 01. Mar 19 75,000 CA$3.41 CA$255,347
26. Feb 19 Buy Jason LeBlanc Individual 21. Feb 19 21. Feb 19 50,000 CA$3.56 CA$178,000
28. Jan 19 Sell Gerardo Fernandez-Tobar Individual 23. Jan 19 23. Jan 19 -2,998 CA$3.10 CA$-9,294
28. Jan 19 Sell Richard Campbell Individual 23. Jan 19 23. Jan 19 -2,187 CA$3.10 CA$-6,780
28. Jan 19 Sell Sofia Tsakos Individual 23. Jan 19 23. Jan 19 -3,311 CA$3.10 CA$-10,264
28. Jan 19 Sell Daniel Racine Individual 23. Jan 19 23. Jan 19 -2,515 CA$3.10 CA$-7,796
22. Dec 18 Buy Ross Gallinger Individual 20. Dec 18 20. Dec 18 4,900 CA$3.06 CA$14,994
20. Dec 18 Buy Daniel Racine Individual 20. Dec 18 20. Dec 18 30,000 CA$3.04 CA$91,290
19. Dec 18 Buy Daniel Racine Individual 19. Dec 18 19. Dec 18 70,000 CA$3.02 CA$211,239
19. Dec 18 Buy Peter Marrone Individual 19. Dec 18 19. Dec 18 650,000 CA$3.19 CA$2,070,510
11. Apr 18 Buy Peter Marrone Individual 10. Apr 18 10. Apr 18 50,000 CA$3.59 CA$179,500
29. Mar 18 Buy Yohann Bouchard Individual 29. Mar 18 29. Mar 18 27,500 CA$3.58 CA$98,450
X
Management checks
We assess Yamana Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yamana Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

YRI News

Simply Wall St News

What Kind Of Shareholder Appears On The Yamana Gold Inc.'s (TSE:YRI) Shareholder Register?

Every investor in Yamana Gold Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Estimating The Intrinsic Value Of Yamana Gold Inc. (TSE:YRI)

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Have Insiders Been Buying Yamana Gold Inc. (TSE:YRI) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Yamana Gold Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In total, Yamana Gold insiders bought more than they sold over the last year

Simply Wall St -

Could The Yamana Gold Inc (TSE:YRI) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Yamana Gold Inc (TSE:YRI), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

A Look At The Intrinsic Value Of Yamana Gold Inc (TSE:YRI)

How far off is Yamana Gold Inc (TSE:YRI) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Yamana Gold Inc (TSE:YRI): When Will It Breakeven?

Yamana Gold Inc's (TSE:YRI):. … operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. … The CA$3.3b market-cap posted a loss in its most recent financial year of -US$194m and a latest trailing-twelve-month loss of -US$296m leading to an even wider gap between loss and breakeven.

Simply Wall St -

Should You Be Concerned About Yamana Gold Inc's (TSE:YRI) Investors?

I am going to take a deep dive into Yamana Gold Inc’s (TSE:YRI) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … Therefore, it is beneficial for us to examine YRI's ownership structure in more detail.

Simply Wall St -

Yamana Gold Inc (TSE:YRI): Does The -8.58% Earnings Drop Reflect A Longer Term Trend?

I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … TSX:YRI Income Statement May 14th 18 We can further analyze Yamana Gold's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Yamana Gold has seen an annual decline in revenue of -4.09%, on average.

Simply Wall St -

What Does Yamana Gold Inc's (TSE:YRI) Share Price Indicate?

Yamana Gold Inc (TSX:YRI), a metals and mining company based in Canada, saw a decent share price growth in the teens level on the TSX over the last few months. … This means that the opportunity to buy Yamana Gold at a good price has disappeared! … If you are no longer interested in Yamana Gold, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

How Confident Are Insiders About Yamana Gold Inc (TSE:YRI)?

Yamana Gold is one of Canada’s large-cap stocks that saw some insider buying over the past three months, with insiders investing in 108,950 shares during this period. … TSX:YRI Insider_trading Apr 12th 18 More shares have been bought than sold by Yamana Gold insiders in the past three months. … Next Steps: Yamana Gold’s insider meaningful buying activity tells us the shares are currently in favour, which is fairly consistent with earnings growth expectations, and a fairly high volatility in share price over the same time period.

Simply Wall St -

YRI Company Info

Description

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 metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in July 2003. Yamana Gold Inc. was founded in 1980 and is based in Toronto, Canada.

Details
Name: Yamana Gold Inc.
YRI
Exchange: TSX
Founded: 1980
CA$3,314,564,680
949,732,000
Website: http://www.yamana.com
Address: Yamana Gold Inc.
North Tower,
Suite 2200,
Toronto,
Ontario, M5J 2J3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX YRI Common Shares The Toronto Stock Exchange CA CAD 09. Feb 1995
NYSE AUY Common Shares New York Stock Exchange US USD 09. Feb 1995
DB RNY Common Shares Deutsche Boerse AG DE EUR 09. Feb 1995
XTRA RNY Common Shares XETRA Trading Platform DE EUR 09. Feb 1995
LSE 0P6G Common Shares London Stock Exchange GB CAD 09. Feb 1995
SWX YRI Common Shares SIX Swiss Exchange CH CHF 09. Feb 1995
BASE AUY CEDEAR EACH REP 1 SHS Buenos Aires Stock Exchange AR ARS 06. May 2011
Number of employees
Current staff
Staff numbers
5,372
Yamana Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:49
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/14
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.