Gradient Investments LLC purchased a new stake in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,506 shares of the basic materials company’s stock, valued at approximately $26,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AUY. Calamos Wealth Management LLC purchased a new position in Yamana Gold in the fourth quarter valued at about $76,000. Artemis Investment Management LLP grew its stake in shares of Yamana Gold by 0.9% in the fourth quarter. Artemis Investment Management LLP now owns 5,293,131 shares of the basic materials company’s stock valued at $20,479,000 after buying an additional 46,214 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Yamana Gold during the 4th quarter valued at about $158,000. Millennium Management LLC raised its holdings in shares of Yamana Gold by 12.4% during the 3rd quarter. Millennium Management LLC now owns 8,720,120 shares of the basic materials company’s stock valued at $27,729,000 after buying an additional 962,270 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in Yamana Gold during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 45.60% of the company’s stock.
A number of equities analysts have weighed in on AUY shares. Royal Bank of Canada assumed coverage on Yamana Gold in a report on Wednesday, December 4th. They issued a “hold” rating and a $3.75 price target for the company. National Bank Financial set a $6.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 21st. ValuEngine cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. TD Securities boosted their target price on shares of Yamana Gold from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Raymond James set a $4.50 target price on shares of Yamana Gold and gave the company a “market perform” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Yamana Gold presently has a consensus rating of “Hold” and a consensus price target of $4.41.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Yamana Gold had a return on equity of 2.94% and a net margin of 8.76%. The firm had revenue of $357.80 million during the quarter, compared to the consensus estimate of $372.58 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. Yamana Gold’s revenue for the quarter was down 15.8% on a year-over-year basis. On average, equities research analysts predict that Yamana Gold Inc. will post 0.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Monday, December 30th. Yamana Gold’s payout ratio is 33.33%.
Yamana Gold Company Profile
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
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