Vanguard Group Inc. Has $58.69 Million Position in Yamana Gold Inc. (AUY)

Vanguard Group Inc. boosted its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,263,123 shares of the basic materials company’s stock after buying an additional 987,870 shares during the period. Vanguard Group Inc.’s holdings in Yamana Gold were worth $58,686,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hexavest Inc. increased its position 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 in the last quarter. Van ECK Associates Corp increased its position 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 in the last quarter. Donald Smith & CO. Inc. increased its position 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 in the last quarter. Schroder Investment Management Group increased its position 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 in the last quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Yamana Gold during the first quarter valued at $8,108,000. 41.02% of the stock is currently owned by institutional investors and hedge funds.

Yamana Gold Inc. (NYSE AUY) traded up 1.3740% during trading on Tuesday, hitting $2.4938. 1,227,058 shares of the stock traded hands. The stock has a 50 day moving average price of $2.47 and a 200-day moving average price of $2.78. The stock’s market cap is $2.36 billion. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $5.93.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given 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 0.81%. Yamana Gold’s dividend payout ratio (DPR) is -4.44%.

Several equities analysts have weighed in on AUY shares. Vetr raised shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.33 price target on the stock in a report on Wednesday, April 19th. Royal Bank Of Canada set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a report on Tuesday, July 18th. TD Securities reaffirmed a “buy” rating and set a $5.50 price target on shares of Yamana Gold in a report on Thursday, May 4th. BidaskClub downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Scotiabank lifted their price target on shares of Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus 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.