Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 11.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,937 shares of the basic materials company’s stock after purchasing an additional 23,950 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yamana Gold were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. CIBC World Markets Inc. boosted its holdings in Yamana Gold by 27.0% during the third quarter. CIBC World Markets Inc. now owns 1,148,343 shares of the basic materials company’s stock worth $2,859,000 after buying an additional 244,056 shares during the last quarter. FMR LLC boosted its holdings in Yamana Gold by 30.1% during the third quarter. FMR LLC now owns 1,925,622 shares of the basic materials company’s stock worth $4,800,000 after buying an additional 445,002 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Yamana Gold during the third quarter worth about $2,627,000. Swiss National Bank boosted its holdings in Yamana Gold by 2.4% during the third quarter. Swiss National Bank now owns 1,691,800 shares of the basic materials company’s stock worth $4,202,000 after buying an additional 40,300 shares during the last quarter. Finally, Tobam boosted its holdings in Yamana Gold by 40.9% during the third quarter. Tobam now owns 387,800 shares of the basic materials company’s stock worth $966,000 after buying an additional 112,600 shares during the last quarter. 43.14% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on AUY. HSBC cut Yamana Gold from a “buy” rating to a “hold” rating in a report on Friday, November 16th. National Bank Financial restated a “buy” rating on shares of Yamana Gold in a report on Monday, November 12th. TheStreet cut Yamana Gold from a “c” rating to a “d” rating in a report on Tuesday, October 30th. Royal Bank of Canada reduced their target price on Yamana Gold from $3.75 to $3.50 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Finally, Raymond James dropped their price target on Yamana Gold from $3.50 to $3.25 and set a “market perform” rating on the stock in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Yamana Gold has an average rating of “Hold” and an average target price of $3.59.

NYSE AUY opened at $2.19 on Friday. The stock has a market cap of $2.05 billion, a PE ratio of 27.38 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. Yamana Gold Inc. has a one year low of $2.00 and a one year high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%. The company had revenue of $416.80 million for the quarter. Research analysts anticipate that Yamana Gold Inc. will post 0.08 earnings per share for the current fiscal year.

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Yamana Gold Company Profile

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

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