Hexavest Inc. lowered its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 40.1% during the second quarter, Holdings Channel reports. The fund owned 12,054,411 shares of the basic materials company’s stock after selling 8,068,975 shares during the period. Hexavest Inc.’s holdings in Yamana Gold were worth $29,237,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Yamana Gold during the first quarter worth about $448,000. BlueCrest Capital Management Ltd acquired a new position in shares of Yamana Gold during the first quarter worth about $857,000. Edmond DE Rothschild Holding S.A. increased its position in shares of Yamana Gold by 4.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 335,800 shares of the basic materials company’s stock worth $926,000 after buying an additional 15,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Yamana Gold by 1.2% in the first quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after buying an additional 5,553 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Yamana Gold by 683.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 257,358 shares of the basic materials company’s stock worth $710,000 after buying an additional 224,524 shares during the last quarter. 42.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Yamana Gold Inc. (NYSE:AUY) traded up 4.260% during midday trading on Monday, hitting $2.325. 3,971,512 shares of the stock were exchanged. Yamana Gold Inc. has a 12 month low of $2.21 and a 12 month high of $5.99. The company’s market cap is $2.20 billion. The stock has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.85.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. On average, analysts predict that Yamana Gold Inc. will post $0.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, June 28th. Yamana Gold’s payout ratio is -5.41%.
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A number of brokerages have recently issued reports on AUY. BidaskClub downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a research report on Tuesday, June 20th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a research report on Thursday, June 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $3.75 price target on shares of Yamana Gold in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.04.
About Yamana Gold
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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