Candriam Luxembourg S.C.A. raised its stake in Yamana Gold Inc. (NYSE:AUY) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 1,381,486 shares of the company’s stock after buying an additional 116,290 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Yamana Gold were worth $7,149,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. GWM Advisors LLC acquired a new position in Yamana Gold during the second quarter valued at approximately $182,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Yamana Gold by 48.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 191,541 shares of the company’s stock worth $587,000 after buying an additional 62,267 shares during the period. Integrated Investment Consultants LLC purchased a new stake in Yamana Gold during the second quarter worth about $591,000. Gulf International Bank UK Ltd boosted its stake in Yamana Gold by 6.0% in the second quarter. Gulf International Bank UK Ltd now owns 289,912 shares of the company’s stock worth $1,501,000 after buying an additional 16,300 shares during the period. Finally, AMP Capital Investors Ltd boosted its stake in Yamana Gold by 90.7% in the first quarter. AMP Capital Investors Ltd now owns 751,126 shares of the company’s stock worth $2,305,000 after buying an additional 357,177 shares during the period. 49.59% of the stock is currently owned by hedge funds and other institutional investors.
Yamana Gold Inc. (NYSE:AUY) traded down 2.04% during mid-day trading on Tuesday, hitting $4.32. 16,747,034 shares of the stock traded hands. The firm’s market cap is $4.09 billion. The firm’s 50-day moving average price is $4.80 and its 200-day moving average price is $4.66. 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 results on Thursday, July 28th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The firm had revenue of $466.50 million for the quarter, compared to the consensus estimate of $466.44 million. During the same period last year, the company posted ($0.01) EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Yamana Gold Inc. will post $0.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -1.01%.
A number of equities research analysts have issued reports on AUY shares. HSBC upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.20 price target for the company in a report on Monday, July 25th. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and upped their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. Barclays PLC upped their price target on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. TD Securities restated a “buy” rating and set a $7.50 price target (up from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Finally, Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price 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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