Yamana Gold Inc. (AUY) Position Boosted by Sei Investments Co.
Sei Investments Co. boosted its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 4,522,148 shares of the basic materials company’s stock after buying an additional 1,079 shares during the period. Sei Investments Co.’s holdings in Yamana Gold were worth $10,989,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in AUY. UBS Asset Management Americas Inc. raised its stake in Yamana Gold by 3.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,349,915 shares of the basic materials company’s stock worth $9,418,000 after buying an additional 103,693 shares in the last quarter. Capstone Asset Management Co. raised its stake in 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 in the last quarter. Hexavest Inc. raised its stake in Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock worth $55,516,000 after buying an additional 19,088,889 shares in the last quarter. Korea Investment CORP purchased a new stake in Yamana Gold during the first quarter worth about $161,000. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in Yamana Gold by 18.2% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 162,725 shares of the basic materials company’s stock worth $449,000 after buying an additional 25,100 shares in the last quarter. Institutional investors and hedge funds own 41.02% of the company’s stock.
Yamana Gold Inc. (AUY) opened at 2.56 on Thursday. Yamana Gold Inc. has a 12 month low of $2.21 and a 12 month high of $5.85. The stock’s market capitalization is $2.43 billion. The company’s 50-day moving average is $2.48 and its 200-day moving average is $2.76.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.03 by $0.07. The company had revenue of $428.10 million for the quarter, compared to analyst estimates of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.01 earnings per share. Equities analysts anticipate that Yamana Gold Inc. will post $0.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 annualized dividend and a yield of 0.78%. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.
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AUY has been the topic of a number of recent analyst reports. Vetr lowered shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 price target on the stock. in a report on Wednesday, April 12th. TD Securities restated a “buy” rating and set a $5.50 price target on shares of Yamana Gold in a report on Thursday, May 4th. Scotiabank boosted their price target on shares of Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a report on Friday, May 5th. ValuEngine lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Yamana Gold has a consensus rating of “Hold” and an average price target of $3.71.
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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