Profund Advisors LLC Reduces Stake in Yamana Gold Inc. (AUY)
Profund Advisors LLC decreased its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,562 shares of the basic materials company’s stock after selling 4,972 shares during the period. Profund Advisors LLC’s holdings in Yamana Gold were worth $385,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AUY. Ameriprise Financial Inc. acquired a new position in shares of Yamana Gold in the 2nd quarter valued at about $11,066,000. Mackenzie Financial Corp increased its holdings 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 period. Vanguard Group Inc. increased its holdings in shares of Yamana Gold by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after purchasing an additional 987,870 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Yamana Gold in the 2nd quarter valued at about $2,127,000. Finally, Alps Advisors Inc. increased its holdings in shares of Yamana Gold by 32.8% in the 2nd quarter. Alps Advisors Inc. now owns 2,102,848 shares of the basic materials company’s stock valued at $5,110,000 after purchasing an additional 519,180 shares during the period. Institutional investors own 42.39% of the company’s stock.
AUY has been the topic of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Thursday, June 15th. BidaskClub raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.71.
Shares of Yamana Gold Inc. (NYSE:AUY) opened at 2.67 on Thursday. Yamana Gold Inc. has a 12 month low of $2.21 and a 12 month high of $3.95. The firm’s 50-day moving average price is $2.81 and its 200-day moving average price is $2.69. The company’s market cap is $2.53 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The firm had revenue of $428.10 million during the quarter, compared to analyst estimates of $428.65 million. During the same period in the prior year, the business posted $0.01 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that Yamana Gold Inc. will post $0.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is -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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