Bridgewater Associates LP Decreases Holdings in Yamana Gold Inc. (AUY)

Bridgewater Associates LP lowered its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 60.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 376,048 shares of the basic materials company’s stock after selling 574,491 shares during the period. Bridgewater Associates LP’s holdings in Yamana Gold were worth $926,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AUY. Van ECK Associates Corp boosted its stake in shares of Yamana Gold by 24.4% during the 1st quarter. Van ECK Associates Corp now owns 76,956,143 shares of the basic materials company’s stock valued at $212,390,000 after buying an additional 15,076,270 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Yamana Gold by 13.2% in the 1st quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after purchasing an additional 7,529,219 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Yamana Gold in the 2nd quarter valued at $11,066,000. Schroder Investment Management Group lifted its stake in shares of Yamana Gold by 54.6% in the 1st quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock valued at $34,742,000 after purchasing an additional 3,699,810 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Yamana Gold by 29.2% in the 1st quarter. Mackenzie Financial Corp now owns 7,524,487 shares of the basic materials company’s stock valued at $20,768,000 after purchasing an additional 1,700,586 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

A number of research analysts have weighed in on AUY shares. ValuEngine lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. Royal Bank Of Canada restated a “buy” rating and set a $3.75 price objective on shares of Yamana Gold in a report on Tuesday, June 13th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Thursday, June 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Tuesday, June 20th. Three equities 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 assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $3.71.

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Shares of Yamana Gold Inc. (NYSE:AUY) opened at 2.86 on Friday. Yamana Gold Inc. has a 52 week low of $2.21 and a 52 week high of $4.95. The firm’s market cap is $2.71 billion. The firm has a 50-day moving average of $2.76 and a 200-day moving average of $2.68.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). The company had revenue of $428.10 million for the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. Yamana Gold’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. On average, analysts expect that Yamana Gold Inc. will post $0.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.

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

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