Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 9,070,380 shares, a decline of 55.2% from the February 15th total of 20,266,236 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 13,141,220 shares, the short-interest ratio is currently 0.7 days.
Several equities analysts recently commented on AUY shares. TD Securities reduced their price target on Yamana Gold from $4.50 to $4.25 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. Royal Bank of Canada reissued a “buy” rating and set a $4.00 price target on shares of Yamana Gold in a research report on Wednesday, January 31st. TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Scotiabank set a $4.00 price objective on Yamana Gold and gave the stock a “hold” rating in a report on Monday, January 15th. Finally, ValuEngine upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.66.
AUY stock traded up $0.08 during midday trading on Friday, hitting $2.76. 12,617,991 shares of the company’s stock were exchanged, compared to its average volume of 11,970,405. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.39. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $3.80. The company has a market capitalization of $2,542.94, a PE ratio of 34.50 and a beta of 0.86.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. The company had revenue of $478.80 million for the quarter. sell-side analysts anticipate that Yamana Gold will post 0.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders 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 0.72%. Yamana Gold’s dividend payout ratio (DPR) is 25.00%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp increased its holdings in shares of Yamana Gold by 1.7% in the 3rd quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock valued at $19,649,000 after acquiring an additional 122,420 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Yamana Gold by 16.4% in the 4th quarter. Deutsche Bank AG now owns 12,660,833 shares of the basic materials company’s stock valued at $39,500,000 after acquiring an additional 1,782,822 shares during the last quarter. ARP Americas LP bought a new stake in shares of Yamana Gold in the 4th quarter valued at approximately $402,000. Ameriprise Financial Inc. increased its holdings in shares of Yamana Gold by 8.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock valued at $13,106,000 after acquiring an additional 391,534 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Yamana Gold by 85.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 101,760 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 46,780 shares during the last quarter. Institutional investors and hedge funds own 46.48% of the company’s stock.
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Yamana Gold Company 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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