Ameriprise Financial Inc. Has $13.11 Million Stake in Yamana Gold Inc. (AUY)

Ameriprise Financial Inc. lifted its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,945,509 shares of the basic materials company’s stock after buying an additional 391,534 shares during the quarter. Ameriprise Financial Inc. owned about 0.52% of Yamana Gold worth $13,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Timber Hill LLC lifted its stake in shares of Yamana Gold by 233.3% in the third quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock worth $103,000 after buying an additional 27,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Yamana Gold by 16.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after buying an additional 6,616 shares during the last quarter. Stephens Inc. AR lifted its stake in shares of Yamana Gold by 1.1% in the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after buying an additional 499 shares during the last quarter. QCM Cayman Ltd. acquired a new stake in shares of Yamana Gold in the second quarter worth $117,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Yamana Gold by 7.6% in the second quarter. Oppenheimer & Co. Inc. now owns 82,012 shares of the basic materials company’s stock worth $199,000 after buying an additional 5,823 shares during the last quarter. Institutional investors and hedge funds own 40.64% of the company’s stock.

AUY has been the subject of several research analyst reports. Royal Bank of Canada set a $4.00 target price on shares of Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. TD Securities set a $4.00 target price on shares of Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Desjardins reiterated a “hold” rating on shares of Yamana Gold in a research note on Monday, December 11th. Finally, Zacks Investment Research upgraded shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold has an average rating of “Hold” and a consensus price target of $3.54.

Yamana Gold Inc. (AUY) opened at $2.63 on Friday. The company has a market cap of $2,494.56, a price-to-earnings ratio of 65.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 0.99. Yamana Gold Inc. has a one year low of $2.21 and a one year high of $3.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -5.00%.

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Yamana Gold 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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