Stifel Financial Corp cut its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,087 shares of the basic materials company’s stock after selling 1,537 shares during the period. Stifel Financial Corp’s holdings in Yamana Gold were worth $222,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI raised its position in shares of Yamana Gold by 142.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,795,627 shares of the basic materials company’s stock valued at $13,236,000 after buying an additional 2,817,968 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Yamana Gold by 17.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,791,200 shares of the basic materials company’s stock valued at $7,681,000 after buying an additional 413,600 shares during the period. Wells Fargo & Company MN raised its stake in Yamana Gold by 6.2% in the first quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock valued at $978,000 after buying an additional 20,828 shares during the period. Exane Derivatives raised its stake in Yamana Gold by 151.3% in the first quarter. Exane Derivatives now owns 298,998 shares of the basic materials company’s stock valued at $825,000 after buying an additional 180,012 shares during the period. Finally, Shell Asset Management Co. raised its stake in Yamana Gold by 9.3% in the first quarter. Shell Asset Management Co. now owns 690,073 shares of the basic materials company’s stock valued at $2,533,000 after buying an additional 58,685 shares during the period. Hedge funds and other institutional investors own 41.37% of the company’s stock.
Yamana Gold Inc. (NYSE:AUY) opened at 2.45 on Tuesday. The company has a 50-day moving average price of $2.63 and a 200 day moving average price of $2.85. The stock’s market cap is $2.32 billion. Yamana Gold Inc. has a 12-month low of $2.21 and a 12-month high of $5.97.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. The firm had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $423.20 million. During the same period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Yamana Gold Inc. will post $0.05 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Wednesday, June 28th. Yamana Gold’s dividend payout ratio (DPR) is -5.41%.
Several research analysts have recently weighed in on the company. BidaskClub cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. BMO Capital Markets restated a “hold” rating and set a $3.25 target price on shares of Yamana Gold in a report on Tuesday, June 20th. Raymond James Financial, Inc. restated a “market perform” rating and set a $3.25 target price on shares of Yamana Gold in a report on Thursday, June 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $3.75 price objective on shares of Yamana Gold in a report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Yamana Gold presently has a consensus rating of “Hold” and an average target price of $4.04.
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.
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