Alps Advisors Inc. cut its stake in Yamana Gold Inc. (NYSE:AUY) by 32.4% during the second quarter, Holdings Channel reports. The fund owned 1,905,906 shares of the company’s stock after selling 914,611 shares during the period. Alps Advisors Inc.’s holdings in Yamana Gold were worth $9,911,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of AUY. Acadian Asset Management LLC increased its stake in shares of Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock valued at $61,285,000 after buying an additional 9,269,923 shares during the last quarter. Norges Bank acquired a new stake in shares of Yamana Gold during the fourth quarter valued at $14,034,000. Hexavest Inc. increased its stake in shares of Yamana Gold by 25.2% in the second quarter. Hexavest Inc. now owns 12,269,181 shares of the company’s stock valued at $63,487,000 after buying an additional 2,466,031 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock valued at $20,375,000 after buying an additional 1,775,475 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Yamana Gold by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 4,435,925 shares of the company’s stock valued at $13,485,000 after buying an additional 1,564,520 shares during the last quarter. Hedge funds and other institutional investors own 49.59% of the company’s stock.
Shares of Yamana Gold Inc. (NYSE:AUY) traded down 2.04% during mid-day trading on Tuesday, reaching $4.32. The company’s stock had a trading volume of 16,747,034 shares. The stock’s market capitalization is $4.09 billion. The company’s 50-day moving average is $4.84 and its 200-day moving average is $4.65. Yamana Gold Inc. has a 52 week low of $1.38 and a 52 week high of $5.99.
Yamana Gold (NYSE:AUY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The firm had revenue of $466.50 million for the quarter, compared to analysts’ expectations of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.01) EPS. Equities analysts predict that Yamana Gold Inc. will post $0.13 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, September 28th. Yamana Gold’s payout ratio is -1.01%.
Several equities research analysts have recently weighed in on AUY shares. HSBC upgraded Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price target on the stock in a report on Monday, July 25th. Credit Suisse Group AG upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $4.50 to $6.50 in a report on Thursday, June 30th. Barclays PLC raised their price objective on Yamana Gold from $4.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 8th. TD Securities restated a “buy” rating and set a $7.50 price objective (up from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $4.75.
Yamana Gold Company Profile
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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