Yamana Gold Inc. (AUY) Position Reduced by Ingalls & Snyder LLC
Ingalls & Snyder LLC reduced its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 42,615 shares of the basic materials company’s stock after selling 1,500 shares during the period. Ingalls & Snyder LLC’s holdings in Yamana Gold were worth $104,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Yamana Gold by 24.4% in the first quarter. Van ECK Associates Corp now owns 76,956,143 shares of the basic materials company’s stock worth $212,390,000 after buying an additional 15,076,270 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock worth $177,776,000 after buying an additional 7,529,219 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Yamana Gold by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock worth $58,686,000 after buying an additional 987,870 shares in the last quarter. Hexavest Inc. boosted its stake in shares of 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. Finally, Schroder Investment Management Group boosted its stake in shares of Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock worth $34,742,000 after buying an additional 3,699,810 shares in the last quarter. Hedge funds and other institutional investors own 41.02% of the company’s stock.
Yamana Gold Inc. (AUY) opened at 2.56 on Thursday. The company’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 Inc. has a 52-week low of $2.21 and a 52-week high of $5.85.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The business had revenue of $428.10 million for the quarter, compared to analysts’ expectations of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. Yamana Gold’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, analysts expect that Yamana Gold Inc. will post $0.01 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.02 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.
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AUY has been the subject of a number of research reports. Royal Bank Of Canada set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Vetr cut shares of Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 target price for the company. in a research note on Wednesday, April 12th. TD Securities restated a “buy” rating and set a $5.50 target price on shares of Yamana Gold in a research note on Thursday, May 4th. National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. Finally, Scotiabank raised their target price on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s 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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