Formula Growth Ltd. bought a new position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the third quarter, according to its most recent filing with the SEC. The firm bought 4,365,463 shares of the basic materials company’s stock, valued at approximately $11,568,000. Yamana Gold makes up 1.8% of Formula Growth Ltd.’s investment portfolio, making the stock its 18th largest position. Formula Growth Ltd. owned 0.46% of Yamana Gold as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Yamana Gold by 37.1% in the 2nd quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock worth $256,603,000 after purchasing an additional 28,580,991 shares in the last quarter. Vanguard Group Inc. raised its position in Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after buying an additional 979,468 shares during the last quarter. Public Sector Pension investment Board raised its position in Yamana Gold by 245.3% during the 2nd quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock worth $12,662,000 after buying an additional 3,732,000 shares during the last quarter. Ameriprise Financial Inc. raised its position in Yamana Gold by 8.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock worth $13,106,000 after buying an additional 391,534 shares during the last quarter. Finally, Investec Asset Management LTD raised its position in Yamana Gold by 1.5% during the 3rd quarter. Investec Asset Management LTD now owns 4,629,217 shares of the basic materials company’s stock worth $12,267,000 after buying an additional 69,711 shares during the last quarter. Institutional investors own 40.64% of the company’s stock.

Yamana Gold Inc. (NYSE AUY) traded down $0.12 on Friday, reaching $2.54. 20,793,500 shares of the company’s stock were exchanged, compared to its average volume of 11,068,977. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 68.50 and a beta of 0.65. Yamana Gold Inc. has a 12 month low of $2.21 and a 12 month high of $3.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is -5.41%.

A number of research firms have issued reports on AUY. BidaskClub raised shares of Yamana Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Royal Bank Of Canada set a $4.00 price target on shares of Yamana Gold and gave the stock a “buy” rating in a research report on Tuesday, October 17th. TD Securities set a $4.00 price target on shares of Yamana Gold and gave the stock a “buy” rating in a research report on Monday, October 16th. National Bank Financial lowered shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $3.54.

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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.

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

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