The Manufacturers Life Insurance Company raised its holdings in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 16.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,285,463 shares of the basic materials company’s stock after acquiring an additional 178,880 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Yamana Gold were worth $4,011,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in Yamana Gold by 1.7% during the 3rd quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock valued at $19,649,000 after purchasing an additional 122,420 shares during the period. Russell Investments Group Ltd. raised its position in shares of Yamana Gold by 36.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 303,424 shares of the basic materials company’s stock valued at $802,000 after acquiring an additional 81,198 shares during the period. Ameriprise Financial Inc. raised its position in shares of Yamana Gold by 8.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock valued at $13,106,000 after acquiring an additional 391,534 shares during the period. Formula Growth Ltd. acquired a new stake in shares of Yamana Gold in the 3rd quarter valued at approximately $11,568,000. Finally, LMR Partners LLP acquired a new stake in shares of Yamana Gold in the 4th quarter valued at approximately $3,723,000. Institutional investors own 46.48% of the company’s stock.
Shares of Yamana Gold Inc. (NYSE AUY) opened at $2.61 on Tuesday. The firm has a market cap of $2,485.33, a P/E ratio of -12.43 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.08 and a quick ratio of 0.87. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $3.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.02 annualized dividend and a yield of 0.77%. Yamana Gold’s dividend payout ratio (DPR) is currently -9.52%.
AUY has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $4.00 price target on shares of Yamana Gold in a research report on Wednesday, January 31st. ValuEngine upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. TheStreet upgraded shares of Yamana Gold from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Finally, Scotiabank cut their price target on shares of Yamana Gold from $3.50 to $3.25 and set a “sector perform” rating on the stock in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.66.
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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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