Dimensional Fund Advisors LP maintained its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,003 shares of the basic materials company’s stock at the close of the 1st quarter. Dimensional Fund Advisors LP’s holdings in Yamana Gold were worth $524,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. 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 acquiring an additional 7,529,219 shares during the last quarter. Investec Asset Management LTD increased its position in shares of Yamana Gold by 31.2% in the first quarter. Investec Asset Management LTD now owns 4,480,649 shares of the basic materials company’s stock valued at $12,367,000 after acquiring an additional 1,065,753 shares during the last quarter. Vanguard Group Inc. increased its position 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 acquiring an additional 987,870 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Yamana Gold by 683.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 257,358 shares of the basic materials company’s stock valued at $710,000 after acquiring an additional 224,524 shares during the last quarter. Finally, 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 acquiring an additional 15,076,270 shares during the last quarter. 42.39% of the stock is currently owned by institutional investors and hedge funds.
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A number of equities analysts recently commented on the company. National Bank Financial reiterated an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. ValuEngine cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BMO Capital Markets reiterated a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.71.
Shares of Yamana Gold Inc. (NYSE:AUY) opened at 2.73 on Friday. The stock has a 50 day moving average of $2.77 and a 200-day moving average of $2.68. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $4.95. The firm’s market capitalization is $2.59 billion.
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 for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $428.65 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that Yamana Gold Inc. will post $0.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s dividend payout ratio is currently -4.44%.
About Yamana Gold
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.
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