Natixis lowered its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 20.8% in the first quarter, Holdings Channel reports. The fund owned 81,551 shares of the basic materials company’s stock after selling 21,436 shares during the quarter. Natixis’ holdings in Yamana Gold were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. A.R.T. Advisors LLC acquired a new stake in Yamana Gold in the first quarter valued at $679,000. Fiera Capital Corp lifted its stake in Yamana Gold by 26.4% in the first quarter. Fiera Capital Corp now owns 195,897 shares of the basic materials company’s stock valued at $541,000 after acquiring an additional 40,897 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Yamana Gold by 7.4% in the first quarter. Quadrature Capital Ltd now owns 271,500 shares of the basic materials company’s stock valued at $748,000 after acquiring an additional 18,800 shares during the last quarter. Van ECK Associates Corp lifted its stake in Yamana Gold by 4.3% in the first quarter. Van ECK Associates Corp now owns 118,798,044 shares of the basic materials company’s stock valued at $327,882,000 after acquiring an additional 4,915,647 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Yamana Gold by 30.9% in the first quarter. Hsbc Holdings PLC now owns 862,408 shares of the basic materials company’s stock valued at $2,379,000 after acquiring an additional 203,477 shares during the last quarter. Hedge funds and other institutional investors own 43.30% of the company’s stock.
Yamana Gold opened at $2.90 on Thursday, according to Marketbeat. The company has a quick ratio of 0.98, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.81 billion, a PE ratio of 36.25 and a beta of 0.91. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $3.80.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its earnings results on Wednesday, May 2nd. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $450.05 million. Yamana Gold had a negative net margin of 18.50% and a positive return on equity of 2.33%. Yamana Gold’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. equities research analysts expect that Yamana Gold Inc. will post 0.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, June 28th. Yamana Gold’s dividend payout ratio is presently 25.00%.
A number of analysts have commented on AUY shares. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. National Bank Financial upgraded shares of Yamana Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 10th. TheStreet cut shares of Yamana Gold from a “c” rating to a “d+” rating in a research note on Wednesday, March 14th. GARP Research upgraded shares of Yamana Gold from a “neutral” rating to a “buy” rating in a research note on Thursday, May 3rd. Finally, Credit Suisse Group set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a research note on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $3.70.
About Yamana Gold
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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