Yamana Gold (AUY) Trading -2.2% Higher
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) traded up 2.2% on Thursday . The company traded as high as $2.81 and last traded at $2.71. 5,497,621 shares traded hands during trading, a decline of 61% from the average session volume of 14,055,604 shares. The stock had previously closed at $2.77.
A number of equities research analysts have weighed in on the company. Scotiabank set a $4.00 price objective on Yamana Gold and gave the company a “hold” rating in a report on Monday, January 15th. Desjardins reaffirmed a “hold” rating on shares of Yamana Gold in a report on Monday, December 11th. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 9th. TD Securities reduced their target price on Yamana Gold from $4.50 to $4.25 and set a “buy” rating on the stock in a report on Tuesday, February 20th. Finally, TheStreet downgraded Yamana Gold from a “c” rating to a “d+” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.66.
The company has a market cap of $2,485.33, a price-to-earnings ratio of -12.93 and a beta of 0.88. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, March 28th. Yamana Gold’s dividend payout ratio is -9.52%.
A number of large investors have recently bought and sold shares of AUY. Formula Growth Ltd. acquired a new position in Yamana Gold during the 3rd quarter worth $11,568,000. Two Sigma Investments LP lifted its holdings in Yamana Gold by 830.7% during the 4th quarter. Two Sigma Investments LP now owns 4,348,648 shares of the basic materials company’s stock worth $13,570,000 after buying an additional 3,881,382 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Yamana Gold during the 4th quarter worth $8,862,000. Arrowstreet Capital Limited Partnership acquired a new position in Yamana Gold during the 4th quarter worth $8,350,000. Finally, Donald Smith & CO. Inc. lifted its holdings in Yamana Gold by 4.1% during the 4th quarter. Donald Smith & CO. Inc. now owns 66,552,510 shares of the basic materials company’s stock worth $207,644,000 after buying an additional 2,606,703 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.
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About Yamana Gold
Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.
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