ING Groep NV raised its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 57.7% during the first quarter, Holdings Channel reports. The fund owned 248,764 shares of the basic materials company’s stock after buying an additional 90,999 shares during the period. ING Groep NV’s holdings in Yamana Gold were worth $687,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. Two Sigma Securities LLC acquired a new position in shares of Yamana Gold during the third quarter valued at about $595,000. Two Sigma Advisers LP raised its position in shares of Yamana Gold by 50.5% in the third quarter. Two Sigma Advisers LP now owns 886,847 shares of the basic materials company’s stock valued at $3,820,000 after buying an additional 297,500 shares during the last quarter. United Services Automobile Association raised its position in shares of Yamana Gold by 0.4% in the third quarter. United Services Automobile Association now owns 1,991,030 shares of the basic materials company’s stock valued at $8,581,000 after buying an additional 8,030 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Yamana Gold by 63.3% in the third quarter. Hsbc Holdings PLC now owns 453,744 shares of the basic materials company’s stock valued at $1,955,000 after buying an additional 175,955 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Yamana Gold by 5.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,315,648 shares of the basic materials company’s stock valued at $27,151,000 after buying an additional 319,473 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.
Shares of Yamana Gold Inc. (NYSE:AUY) traded up 1.64% on Friday, reaching $2.48. The company’s stock had a trading volume of 9,212,895 shares. The stock has a 50 day moving average of $2.83 and a 200-day moving average of $3.04. The firm’s market cap is $2.32 billion. Yamana Gold Inc. has a 12 month low of $2.40 and a 12 month high of $5.99.
Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The company had revenue of $403.50 million for the quarter, compared to the consensus estimate of $423.20 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that Yamana Gold Inc. will post $0.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.81%. Yamana Gold’s dividend payout ratio (DPR) is currently -1.06%.
Several equities research analysts recently weighed in on AUY shares. Credit Suisse Group AG set a $4.00 price objective on Yamana Gold and gave the company a “hold” rating in a report on Wednesday, February 15th. Barclays PLC reissued a “hold” rating and set a $4.00 price objective on shares of Yamana Gold in a report on Wednesday, January 11th. Vetr downgraded Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 price objective on the stock. in a report on Wednesday, April 12th. Bank of America Corp downgraded Yamana Gold from a “neutral” rating to an “underperform” rating and set a $2.80 price objective on the stock. in a report on Wednesday, February 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $3.75 price objective on shares of Yamana Gold in a report on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.36.
Yamana Gold Company Profile
Yamana Gold Inc is 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 Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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