Hexavest Inc. raised its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1,845.2% during the first quarter, Holdings Channel reports. The firm owned 20,123,386 shares of the basic materials company’s stock after buying an additional 19,088,889 shares during the period. Hexavest Inc. owned 2.15% of Yamana Gold worth $55,516,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AUY. Stephens Inc. AR raised its position in shares of Yamana Gold by 12.9% in the third quarter. Stephens Inc. AR now owns 40,868 shares of the basic materials company’s stock worth $176,000 after buying an additional 4,668 shares during the period. Capstone Asset Management Co. raised its position in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock worth $250,000 after buying an additional 2,950 shares during the period. Pacad Investment Ltd. raised its position in shares of Yamana Gold by 20.9% in the fourth quarter. Pacad Investment Ltd. now owns 94,200 shares of the basic materials company’s stock worth $265,000 after buying an additional 16,300 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of Yamana Gold by 54.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 95,117 shares of the basic materials company’s stock worth $267,000 after buying an additional 33,668 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in shares of Yamana Gold during the third quarter worth approximately $298,000. Institutional investors own 46.77% of the company’s stock.

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

Yamana Gold Inc. (NYSE:AUY) traded up 1.35% during trading on Thursday, reaching $3.00. 8,187,358 shares of the company traded hands. Yamana Gold Inc. has a 12-month low of $2.46 and a 12-month high of $5.99. The firm’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.13. The firm’s market capitalization is $2.81 billion.

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a $0.005 dividend. The ex-dividend date was Wednesday, March 29th. This represents a $0.02 annualized dividend and a dividend yield of 0.67%. Yamana Gold’s dividend payout ratio is -1.06%.

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A number of equities analysts have recently commented on the stock. Vetr upgraded shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target on the stock in a report on Wednesday. Royal Bank of Canada reiterated a “buy” rating and set a $3.75 price target on shares of Yamana Gold in a report on Tuesday, February 28th. Credit Suisse Group AG set a $4.00 price target on shares of Yamana Gold and gave the stock a “hold” rating in a report on Wednesday, February 15th. Bank of America Corp lowered shares of Yamana Gold from a “neutral” rating to an “underperform” rating and set a $2.80 price target on the stock. in a report on Wednesday, February 22nd. Finally, Barclays PLC reiterated a “hold” rating and set a $4.00 price target on shares of Yamana Gold in a report on Wednesday, January 11th. One equities research analyst has 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.63.

About Yamana Gold

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.

5 Day Chart for NYSE:AUY

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