Candriam Luxembourg S.C.A. Sells 66,368 Shares of Yamana Gold Inc. (AUY)

Candriam Luxembourg S.C.A. cut its holdings in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,782 shares of the basic materials company’s stock after selling 66,368 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Yamana Gold were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Yamana Gold by 171.1% during the fourth quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 23,399 shares in the last quarter. Exane Derivatives boosted its stake in shares of Yamana Gold by 718.0% during the fourth quarter. Exane Derivatives now owns 38,373 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 33,682 shares in the last quarter. Timber Hill LLC boosted its stake in shares of Yamana Gold by 233.3% during the third quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 27,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Yamana Gold by 16.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 6,616 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Yamana Gold by 26.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 160,450 shares of the basic materials company’s stock valued at $425,000 after purchasing an additional 33,324 shares in the last quarter. Hedge funds and other institutional investors own 42.94% of the company’s stock.

AUY has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $4.00 target price on shares of Yamana Gold in a research report on Wednesday, January 31st. Desjardins reissued a “hold” rating on shares of Yamana Gold in a research report on Monday, December 11th. Credit Suisse Group raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 target price for the company in a research report on Friday, January 26th. BMO Capital Markets reissued a “hold” rating and set a $3.00 target price on shares of Yamana Gold in a research report on Wednesday, December 20th. Finally, Zacks Investment Research cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.66.

Shares of Yamana Gold Inc. (NYSE:AUY) opened at $2.95 on Friday. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $3.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.62 and a current ratio of 1.08. The company has a market cap of $2,800.00, a P/E ratio of -14.75 and a beta of 0.77.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. Yamana Gold’s dividend payout ratio is currently -10.00%.

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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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Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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