Commerzbank Aktiengesellschaft FI decreased its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,781,628 shares of the basic materials company’s stock after selling 46,663 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.19% of Yamana Gold worth $5,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in AUY. Ameriprise Financial Inc. purchased a new position in shares of Yamana Gold in the 2nd quarter worth approximately $11,066,000. Formula Growth Ltd. purchased a new stake in shares of Yamana Gold in the 3rd quarter worth $11,568,000. JPMorgan Chase & Co. lifted its holdings in shares of Yamana Gold by 6,965.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,554,859 shares of the basic materials company’s stock worth $6,975,000 after buying an additional 2,518,697 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Yamana Gold by 141.2% in the 3rd quarter. Shell Asset Management Co. now owns 1,805,057 shares of the basic materials company’s stock worth $12,130,000 after buying an additional 1,056,833 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Yamana Gold by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after buying an additional 979,468 shares during the period. 40.20% of the stock is currently owned by institutional investors and hedge funds.
Yamana Gold Inc. (NYSE:AUY) opened at $3.27 on Tuesday. Yamana Gold Inc. has a 1 year low of $2.21 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. The firm has a market capitalization of $3,110.00, a P/E ratio of -8.84 and a beta of 0.77.
Several brokerages have weighed in on AUY. Zacks Investment Research upgraded Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. Scotiabank set a $4.00 target price on Yamana Gold and gave the company a “hold” rating in a research report on Monday, January 15th. Desjardins reaffirmed a “hold” rating on shares of Yamana Gold in a research report on Monday, December 11th. National Bank Financial lowered Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. Finally, TD Securities set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Yamana Gold currently has an average rating of “Hold” and an average target price of $3.61.
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About Yamana Gold
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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