Toronto Dominion Bank Purchases 618,269 Shares of Yamana Gold Inc. (NYSE:AUY)

Toronto Dominion Bank increased its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 77.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,421,487 shares of the basic materials company’s stock after acquiring an additional 618,269 shares during the period. Toronto Dominion Bank’s holdings in Yamana Gold were worth $5,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Edmond DE Rothschild Holding S.A. increased its holdings in Yamana Gold by 0.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 452,178 shares of the basic materials company’s stock worth $1,958,000 after acquiring an additional 2,132 shares during the period. Scotia Capital Inc. grew its stake in Yamana Gold by 19.2% in the 2nd quarter. Scotia Capital Inc. now owns 14,971 shares of the basic materials company’s stock worth $63,000 after buying an additional 2,414 shares in the last quarter. GWM Advisors LLC grew its stake in Yamana Gold by 1.7% in the 2nd quarter. GWM Advisors LLC now owns 214,024 shares of the basic materials company’s stock worth $903,000 after buying an additional 3,500 shares in the last quarter. Mark Stevens grew its stake in Yamana Gold by 15.4% in the 1st quarter. Mark Stevens now owns 30,020 shares of the basic materials company’s stock worth $130,000 after buying an additional 4,000 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Yamana Gold by 0.6% in the 1st quarter. Guggenheim Capital LLC now owns 740,923 shares of the basic materials company’s stock worth $3,215,000 after buying an additional 4,075 shares in the last quarter. 46.71% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on AUY shares. Zacks Investment Research cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, September 28th. National Bank of Canada raised shares of Yamana Gold from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 4th. TheStreet cut shares of Yamana Gold from a “b” rating to a “c+” rating in a research note on Friday, August 13th. Raymond James cut their price target on shares of Yamana Gold from $6.50 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, Berenberg Bank reissued a “buy” rating on shares of Yamana Gold in a research note on Thursday, July 8th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Yamana Gold presently has a consensus rating of “Buy” and a consensus target price of $7.61.

Shares of AUY opened at $4.33 on Thursday. The stock has a market capitalization of $4.17 billion, a P/E ratio of 24.06 and a beta of 1.52. The company has a quick ratio of 1.45, a current ratio of 1.71 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $4.51. Yamana Gold Inc. has a twelve month low of $3.82 and a twelve month high of $6.30.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 29th. The basic materials company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business had revenue of $437.40 million during the quarter. Yamana Gold had a net margin of 9.49% and a return on equity of 6.76%. Sell-side analysts expect that Yamana Gold Inc. will post 0.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 14th. Shareholders of record on Thursday, September 30th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.12 annualized dividend and a yield of 2.77%. This is a boost from Yamana Gold’s previous quarterly dividend of $0.03. Yamana Gold’s dividend payout ratio is presently 37.50%.

About Yamana Gold

Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on July 30, 2003 and is headquartered in Toronto, Canada.

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Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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