Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) rose 2.2% during mid-day trading on Thursday . The stock traded as high as $2.81 and last traded at $2.71. Approximately 5,497,621 shares were traded during trading, a decline of 61% from the average daily volume of 14,055,604 shares. The stock had previously closed at $2.77.
AUY has been the topic of several research reports. TD Securities cut their price objective on Yamana Gold from $4.50 to $4.25 and set a “buy” rating on the stock in a research note on Tuesday, February 20th. Royal Bank of Canada restated a “buy” rating and set a $4.00 price objective on shares of Yamana Gold in a research note on Wednesday, January 31st. TheStreet upgraded Yamana Gold from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Scotiabank set a $4.00 price objective on Yamana Gold and gave the company a “hold” rating in a research note on Monday, January 15th. Finally, ValuEngine upgraded Yamana Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.66.
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.08 and a quick ratio of 0.87. The stock has a market capitalization of $2,580.19, a PE ratio of -13.52 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, March 28th. Yamana Gold’s payout ratio is -9.52%.
Several institutional investors have recently made changes to their positions in AUY. Mackenzie Financial Corp increased its position in Yamana Gold by 1.7% in 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 acquiring an additional 122,420 shares during the period. ARP Americas LP acquired a new stake in Yamana Gold in the 4th quarter valued at approximately $402,000. Deutsche Bank AG increased its position in Yamana Gold by 16.4% in the 4th quarter. Deutsche Bank AG now owns 12,660,833 shares of the basic materials company’s stock valued at $39,500,000 after acquiring an additional 1,782,822 shares during the period. Ameriprise Financial Inc. increased its position in 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. Finally, Russell Investments Group Ltd. increased its position in 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. Institutional investors and hedge funds own 46.47% of the company’s stock.
About Yamana Gold
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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