Yamana Gold Going to Ex-Dividend Tuesday (NYSE:AUY)

Yamana Gold Inc. (USA) (Public, NYSE:AUY)

Yamana Gold Inc. (USA) (NYSE:AUY) will go to ex-dividend on Tuesday of next week (3/29).  Shareholders at market close on Monday will receive $0.03/share dividend.  But don’t get too excited, we all know the share price drops by an equivalent amount (and sometimes more) the next trading day at open. 

Yamana Gold has been a rockstar for investor that have held shares since August of 2010 as shares marches of from sub-$10 range to its current close of $12.32 per share.  The current close of $12.32 is down 2.3% from the previous  day and volume was a hefty 12.2M shares traded.

Analysts on the stock peg it as a buy candidate.  Earnings growth in the past year has accelerated moderately compared to earnings growth in the past three years. AUY's price-to-earnings multiple to its five-year growth rate is slightly below the average for the broad market which is a positive outlook.  The stock has strong relative price change and consistency. 

Yamana Gold Inc. engages in the acquisition, exploration, development, and operation of gold properties. The company also focuses on copper and silver projects. It holds gold production, gold development stage, and exploration stage properties, as well as land positions in Brazil, Chile, Argentina, Mexico, and Colombia.


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