Yamana Gold Inc. (AUY) Shares Sold by Schroder Investment Management Group
Schroder Investment Management Group trimmed its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,043,363 shares of the basic materials company’s stock after selling 2,427,827 shares during the period. Schroder Investment Management Group owned about 0.85% of Yamana Gold worth $21,514,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position 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 valued at $212,390,000 after acquiring an additional 15,076,270 shares in the last quarter. Donald Smith & CO. Inc. lifted its position 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 valued at $177,776,000 after acquiring an additional 7,529,219 shares in the last quarter. Vanguard Group Inc. lifted its position 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 valued at $58,686,000 after acquiring an additional 987,870 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Yamana Gold by 29.2% in the first quarter. Mackenzie Financial Corp now owns 7,524,487 shares of the basic materials company’s stock valued at $20,768,000 after acquiring an additional 1,700,586 shares in the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of Yamana Gold by 31.2% in the first quarter. Investec Asset Management LTD now owns 4,480,649 shares of the basic materials company’s stock valued at $12,367,000 after acquiring an additional 1,065,753 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.
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AUY has been the topic of a number of research analyst reports. National Bank Financial reiterated an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th. BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. ValuEngine downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a research report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Yamana Gold presently has an average rating of “Hold” and an average target price of $3.71.
Shares of Yamana Gold Inc. (NYSE AUY) opened at 2.81 on Thursday. The company’s market capitalization is $2.66 billion. The firm’s 50-day moving average price is $2.73 and its 200 day moving average price is $2.68. Yamana Gold Inc. has a 52 week low of $2.21 and a 52 week high of $4.95.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). The company had revenue of $428.10 million during 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%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. Equities analysts predict that Yamana Gold Inc. will post $0.02 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s dividend payout ratio is presently -4.44%.
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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