Schonfeld Strategic Advisors LLC acquired a new stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,300 shares of the basic materials company’s stock, valued at approximately $133,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC purchased a new position in shares of Yamana Gold in the 3rd quarter worth $97,000. Euro Pacific Asset Management LLC raised its position in shares of Yamana Gold by 0.6% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 2,948,324 shares of the basic materials company’s stock worth $16,769,000 after buying an additional 16,840 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Yamana Gold by 55.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 534,117 shares of the basic materials company’s stock worth $3,019,000 after buying an additional 189,852 shares during the period. AQR Capital Management LLC raised its position in shares of Yamana Gold by 22.7% in the 3rd quarter. AQR Capital Management LLC now owns 14,211 shares of the basic materials company’s stock worth $81,000 after buying an additional 2,626 shares during the period. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Yamana Gold in the 3rd quarter worth $133,000. Institutional investors and hedge funds own 45.21% of the company’s stock.
Several research analysts recently weighed in on AUY shares. Raymond James set a $8.50 target price on Yamana Gold and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of Yamana Gold in a research report on Wednesday, November 4th. BMO Capital Markets raised Yamana Gold from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $8.25 to $9.00 in a research report on Monday, November 16th. Zacks Investment Research lowered Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $7.25 target price on shares of Yamana Gold in a research report on Monday, September 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.86.
Shares of AUY stock opened at $5.71 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $5.48 and a two-hundred day moving average of $5.75. Yamana Gold Inc. has a 52 week low of $2.23 and a 52 week high of $7.02. The company has a market cap of $5.44 billion, a P/E ratio of 43.93, a PEG ratio of 0.86 and a beta of 1.42.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Thursday, October 29th. The basic materials company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. Yamana Gold had a return on equity of 5.42% and a net margin of 7.77%. The company had revenue of $439.40 million during the quarter, compared to the consensus estimate of $450.33 million. During the same period in the previous year, the firm posted $0.05 earnings per share. Yamana Gold’s quarterly revenue was up 22.8% compared to the same quarter last year. Analysts expect that Yamana Gold Inc. will post 0.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Thursday, December 31st will be paid a $0.0263 dividend. This is an increase from Yamana Gold’s previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, December 30th. Yamana Gold’s payout ratio is presently 53.85%.
Yamana Gold Company Profile
Yamana Gold Inc, a precious metals producer, explores for and produces gold and silver ores. Its producing mines comprise the Cerro Moro mine in Argentina, the Canadian Malartic mine in Canada, the El PeÃ±Ã³n and Minera Florida mines in Chile, and the Jacobina mine in Brazil. Yamana Gold Inc has an agreement to acquire the Wasamac property, and Camflo property and a mill located in the Abitibi region of Quebec.
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