Candriam Luxembourg S.C.A. grew its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 20.5% during the third quarter, Holdings Channel reports. The firm owned 41,343 shares of the basic materials company’s stock after acquiring an additional 7,035 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Yamana Gold were worth $163,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the company. Mraz Amerine & Associates Inc. acquired a new position in shares of Yamana Gold in the third quarter valued at about $42,000. Mackenzie Financial Corp increased its holdings in shares of Yamana Gold by 16.4% in the third quarter. Mackenzie Financial Corp now owns 10,545,890 shares of the basic materials company’s stock valued at $41,562,000 after purchasing an additional 1,482,885 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Yamana Gold by 130.7% in the third quarter. Advisor Group Holdings Inc. now owns 124,233 shares of the basic materials company’s stock valued at $491,000 after purchasing an additional 70,394 shares during the period. Deutsche Bank AG increased its holdings in shares of Yamana Gold by 14.3% in the third quarter. Deutsche Bank AG now owns 15,686,143 shares of the basic materials company’s stock valued at $62,116,000 after purchasing an additional 1,961,792 shares during the period. Finally, Versor Investments LP increased its holdings in shares of Yamana Gold by 418.9% in the third quarter. Versor Investments LP now owns 151,000 shares of the basic materials company’s stock valued at $595,000 after purchasing an additional 121,900 shares during the period. 43.22% of the stock is currently owned by institutional investors and hedge funds.
AUY has been the topic of several analyst reports. Raymond James dropped their target price on Yamana Gold from $6.50 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, October 13th. TheStreet raised Yamana Gold from a “c+” rating to a “b” rating in a report on Tuesday, November 2nd. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a report on Thursday, December 9th. Bank of America raised Yamana Gold from a “neutral” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Monday, November 22nd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $7.40 target price on shares of Yamana Gold in a report on Thursday, November 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $7.29.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, October 28th. The basic materials company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $452.20 million for the quarter, compared to the consensus estimate of $464.34 million. Yamana Gold had a return on equity of 6.04% and a net margin of 7.80%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities research analysts anticipate that Yamana Gold Inc. will post 0.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $0.12 annualized dividend and a dividend yield of 2.87%. Yamana Gold’s dividend payout ratio (DPR) is presently 80.00%.
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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