Fmr LLC increased its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 24.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,480,620 shares of the basic materials company’s stock after buying an additional 290,000 shares during the quarter. Fmr LLC owned 0.16% of Yamana Gold worth $4,314,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of AUY. JPMorgan Chase & Co. raised its stake in Yamana Gold by 23.5% during the first quarter. JPMorgan Chase & Co. now owns 4,841,740 shares of the basic materials company’s stock worth $13,363,000 after purchasing an additional 922,520 shares during the period. A.R.T. Advisors LLC purchased a new position in Yamana Gold during the first quarter worth about $679,000. Millennium Management LLC purchased a new position in Yamana Gold during the first quarter worth about $21,167,000. CIBC World Markets Inc. raised its stake in Yamana Gold by 26.3% during the first quarter. CIBC World Markets Inc. now owns 1,061,417 shares of the basic materials company’s stock worth $2,930,000 after purchasing an additional 221,138 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Yamana Gold during the first quarter worth about $815,000. Institutional investors and hedge funds own 42.14% of the company’s stock.
Yamana Gold stock opened at $2.64 on Friday. The company has a market capitalization of $2.36 billion, a PE ratio of 33.13 and a beta of 0.92. Yamana Gold Inc. has a 1 year low of $2.30 and a 1 year high of $3.80. The company has a current ratio of 1.04, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $431.50 million for the quarter, compared to the consensus estimate of $456.05 million. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. On average, research analysts forecast that Yamana Gold Inc. will post 0.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, September 27th. Yamana Gold’s dividend payout ratio (DPR) is currently 25.00%.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Barclays started coverage on shares of Yamana Gold in a research note on Wednesday. They issued an “underweight” rating and a $2.50 price target on the stock. Scotiabank reissued a “hold” rating and issued a $3.75 price target on shares of Yamana Gold in a research note on Friday, July 27th. ValuEngine downgraded shares of Yamana Gold from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. Finally, TheStreet raised shares of Yamana Gold from a “d+” rating to a “c” rating in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Yamana Gold currently has an average rating of “Hold” and an average target price of $3.72.
Yamana Gold Company Profile
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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