Yamana Gold Inc. (NYSE:AUY) Position Maintained by Meag Munich Ergo Kapitalanlagegesellschaft MBH

Meag Munich Ergo Kapitalanlagegesellschaft MBH continued to hold its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) during the second quarter, according to its most recent filing with the SEC. The fund owned 174,781 shares of the basic materials company’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Yamana Gold were worth $432,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Van ECK Associates Corp boosted its stake in shares of Yamana Gold by 24.4% in the first quarter. Van ECK Associates Corp now owns 76,956,143 shares of the basic materials company’s stock valued at $212,390,000 after buying an additional 15,076,270 shares during the period. Donald Smith & CO. Inc. boosted its stake in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after buying an additional 7,529,219 shares during the period. Vanguard Group Inc. boosted its stake in shares of Yamana Gold by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after buying an additional 987,870 shares during the period. Hexavest Inc. boosted its stake in shares of Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock valued at $55,516,000 after buying an additional 19,088,889 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock valued at $34,742,000 after buying an additional 3,699,810 shares during the period. 41.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Yamana Gold Inc. (AUY) traded up 1.97% on Friday, hitting $2.59. The company’s stock had a trading volume of 13,073,230 shares. Yamana Gold Inc. has a one year low of $2.21 and a one year high of $5.95. The firm’s market cap is $2.46 billion. The stock has a 50-day moving average price of $2.47 and a 200 day moving average price of $2.79.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.07. The firm had revenue of $428.10 million for the quarter, compared to analyst estimates of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 EPS. Equities research analysts predict that Yamana Gold Inc. will post $0.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.77%. Yamana Gold’s dividend payout ratio is currently -4.44%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by [[site]] and is owned by of [[site]]. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at [[permalink]].

Several equities research analysts have recently issued reports on AUY shares. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Tuesday, July 18th. Vetr cut Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 price objective on the stock. in a research note on Wednesday, April 12th. TD Securities reissued a “buy” rating and set a $5.50 price objective on shares of Yamana Gold in a research note on Thursday, May 4th. National Bank Financial reissued an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. Finally, Scotiabank boosted their price objective on Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3.71.

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.

Want to see what other hedge funds are holding AUY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yamana Gold Inc. (NYSE:AUY) (TSE:YRI).