Yamana Gold Inc. (AUY) Shares Bought by Millennium Management LLC
Millennium Management LLC raised its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,686,504 shares of the basic materials company’s stock after acquiring an additional 1,017,207 shares during the quarter. Millennium Management LLC owned approximately 0.92% of Yamana Gold worth $25,191,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AUY. Cerebellum GP LLC acquired a new position in shares of Yamana Gold during the second quarter valued at approximately $172,000. ARP Americas LP raised its holdings in shares of Yamana Gold by 144.6% during the second quarter. ARP Americas LP now owns 113,500 shares of the basic materials company’s stock valued at $331,000 after acquiring an additional 67,100 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Yamana Gold by 37.1% during the first quarter. SG Americas Securities LLC now owns 121,657 shares of the basic materials company’s stock valued at $336,000 after acquiring an additional 32,903 shares during the last quarter. Natixis raised its holdings in shares of Yamana Gold by 52.9% during the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock valued at $361,000 after acquiring an additional 43,139 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Yamana Gold by 220.2% in the second quarter. Tower Research Capital LLC TRC now owns 147,005 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 101,097 shares during the last quarter. 42.14% of the stock is owned by institutional investors and hedge funds.
AUY has been the subject of several recent research reports. Zacks Investment Research raised Yamana Gold from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a report on Wednesday, July 4th. Scotiabank reaffirmed a “hold” rating and issued a $3.75 price target on shares of Yamana Gold in a report on Friday, July 27th. Raymond James increased their price target on Yamana Gold from $3.50 to $3.75 and gave the company a “market perform” rating in a report on Monday, July 30th. TheStreet raised Yamana Gold from a “d+” rating to a “c” rating in a report on Friday, July 27th. Finally, BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and increased their price target for the company from $3.00 to $4.25 in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Yamana Gold currently has a consensus rating of “Buy” and an average target price of $3.89.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $456.05 million. Yamana Gold had a positive return on equity of 3.49% and a negative net margin of 15.63%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.04) earnings per share. equities research analysts anticipate that Yamana Gold Inc. will post 0.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be given a $0.005 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.02 annualized dividend and a yield of 0.78%. Yamana Gold’s payout ratio is 25.00%.
Yamana Gold 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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