Yamana Gold Inc. (AUY) Stake Boosted by Capstone Asset Management Co.

Capstone Asset Management Co. boosted its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,446 shares of the basic materials company’s stock after buying an additional 2,950 shares during the period. Capstone Asset Management Co.’s holdings in Yamana Gold were worth $250,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Yamana Gold during the fourth quarter worth $5,259,000. Comerica Bank increased its stake in shares of Yamana Gold by 10.1% in the fourth quarter. Comerica Bank now owns 113,769 shares of the basic materials company’s stock worth $361,000 after buying an additional 10,437 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Yamana Gold by 5.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,315,648 shares of the basic materials company’s stock worth $27,151,000 after buying an additional 319,473 shares in the last quarter. Arlington Capital Management Inc. increased its stake in shares of Yamana Gold by 4.2% in the third quarter. Arlington Capital Management Inc. now owns 1,885,358 shares of the basic materials company’s stock worth $8,126,000 after buying an additional 76,520 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Yamana Gold during the fourth quarter worth $28,733,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

Yamana Gold Inc. (NYSE:AUY) remained flat at $2.80 during mid-day trading on Thursday. 4,711,422 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $2.79 and a 200 day moving average of $2.94. The stock’s market cap is $2.65 billion. Yamana Gold Inc. has a 52 week low of $2.40 and a 52 week high of $5.99.

Yamana Gold (NYSE:AUY) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $403.50 million during the quarter, compared to the consensus estimate of $423.20 million. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Equities analysts expect that Yamana Gold Inc. will post $0.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, June 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -1.06%.

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AUY has been the topic of a number of recent analyst reports. TD Securities reaffirmed a “buy” rating and issued a $5.50 target price on shares of Yamana Gold in a research note on Thursday, May 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $3.75 target price on shares of Yamana Gold in a research note on Tuesday, February 28th. Vetr downgraded shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 target price on the stock. in a research note on Wednesday, April 12th. Credit Suisse Group AG set a $4.00 target price on shares of Yamana Gold and gave the company a “hold” rating in a research note on Wednesday, February 15th. Finally, Scotiabank raised their target price on shares of Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.36.

Yamana Gold Company Profile

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.

12 Month Chart for NYSE:AUY

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