On Thursday, Yamana Gold, Inc. (NYSE:AUY) released its latest quarterly report. The company reported earnings per share (EPS) of $0.01, slightly different from analysts’ forecasts of $0.02.

For the period, Yamana Gold had a total revenue of $463 million. It ended the fiscal year 2015 with total revenue of $1.80 billion.

During the said trading session, Yamana Gold jumped 7.68% or $0.26, trading up to $3.67. A total of 22,009,751 shares were exchanged as gold prices inched up.

So far this month, Yamana Gold is up by almost 50%. Moreover, the company’s cost-cutting efforts also played a vital role in sending the stock up.

Stock Update

Since July 13 of last year, Yamana Gold has surged 2.71% and continues to rise. The company has outperformed the S&P 500 by 11.35%.

Currently, Yamana Gold has a market capitalization of $2.54 billion. The stock has a 12-month high of $4.32 and a 12-month low of $1.38. The company holds a 50-day moving average price of $1.97 and a 200-day moving average price of $1.99.

Several brokerage research firms evaluated Yamana Gold’s stock performance. Consequently, it has a consensus rating of “Hold” and an average target price of $3.44.

Yamana Gold also disclosed a quarterly dividend, which will be paid on April 14. Shareholders of record on March 31 will receive a dividend of $0.005 a share.

Rise in Gold Prices

The upbeat performance of Yamana Gold can be greatly attributed to the recovery of gold prices.

US stocks tumbled as retail and oil shares dropped, ending a three-day rally. This led investors to consider safe-haven assets such as gold.

Presently, Yamana Gold predicts its gold production output to slip 0.40% while silver production output is expected to decline about 22%.

Management Update

Charles Main, Yamana Gold Executive Vice President (EVP) of Finance and Chief Financial Officer (CFO), has revealed his retirement effective by the end of February, 2017. Jason LeBlanc, Yamana Gold Senior VP (SVP) of Finance, will replace Main.

Main has served as the company’s CFO since its foundation in August, 2003. LeBlanc, on the other hand, has been with Yamana Gold since January, 2006. He is equipped with more than 15 years of financial and research-based in the mining sector.