Voya Investment Management LLC Invests $1.10 Million in Yamana Gold Inc. (AUY) Stock

Voya Investment Management LLC acquired a new position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 380,066 shares of the basic materials company’s stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in Yamana Gold by 6.4% in the 2nd quarter. Van ECK Associates Corp now owns 126,348,962 shares of the basic materials company’s stock worth $366,442,000 after purchasing an additional 7,550,918 shares in the last quarter. Formula Growth Ltd. lifted its stake in Yamana Gold by 18.9% in the 2nd quarter. Formula Growth Ltd. now owns 9,455,851 shares of the basic materials company’s stock worth $27,422,000 after purchasing an additional 1,500,000 shares in the last quarter. Bank of Montreal Can lifted its stake in Yamana Gold by 16.3% in the 2nd quarter. Bank of Montreal Can now owns 9,129,475 shares of the basic materials company’s stock worth $26,475,000 after purchasing an additional 1,277,992 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Yamana Gold by 25.1% in the 2nd quarter. Renaissance Technologies LLC now owns 8,435,275 shares of the basic materials company’s stock worth $24,462,000 after purchasing an additional 1,694,400 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Yamana Gold in the 1st quarter worth approximately $21,167,000. 42.14% of the stock is owned by institutional investors.

Yamana Gold stock opened at $2.50 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.04. The firm has a market cap of $2.36 billion, a PE ratio of 31.25 and a beta of 0.92. Yamana Gold Inc. has a fifty-two week low of $2.30 and a fifty-two week high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, July 26th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The firm had revenue of $431.50 million for the quarter, compared to analysts’ expectations of $456.05 million. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) EPS. As a group, equities analysts forecast that Yamana Gold Inc. will post 0.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 27th. Yamana Gold’s dividend payout ratio (DPR) is currently 25.00%.

AUY has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Wednesday, July 4th. TheStreet upgraded shares of Yamana Gold from a “d+” rating to a “c” rating in a research note on Friday, July 27th. Scotiabank reiterated a “hold” rating and issued a $3.75 target price on shares of Yamana Gold in a research note on Friday, July 27th. Raymond James increased their target price on shares of Yamana Gold from $3.50 to $3.75 and gave the stock a “market perform” rating in a research note on Monday, July 30th. Finally, BMO Capital Markets upgraded shares of Yamana Gold from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $3.00 to $4.25 in a research note on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $3.89.

Yamana Gold Profile

Yamana Gold Inc 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. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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