SG Americas Securities LLC lowered its stake in shares of Yamana Gold Inc. (NYSE:AUY – Get Rating) (TSE:YRI) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,383 shares of the basic materials company's stock after selling 6,535 shares during the quarter. SG Americas Securities LLC's holdings in Yamana Gold were worth $251,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in AUY. Principal Financial Group Inc. grew its holdings in Yamana Gold by 11.3% in the 2nd quarter. Principal Financial Group Inc. now owns 5,254,300 shares of the basic materials company's stock worth $24,399,000 after acquiring an additional 531,800 shares during the last quarter. Scotia Capital Inc. raised its holdings in Yamana Gold by 44.4% in the second quarter. Scotia Capital Inc. now owns 25,875 shares of the basic materials company's stock worth $120,000 after buying an additional 7,954 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in Yamana Gold in the second quarter worth about $1,204,000. Formidable Asset Management LLC raised its holdings in Yamana Gold by 9.9% in the second quarter. Formidable Asset Management LLC now owns 121,141 shares of the basic materials company's stock worth $563,000 after buying an additional 10,920 shares during the last quarter. Finally, Palliser Capital UK Ltd bought a new stake in shares of Yamana Gold in the second quarter worth approximately $5,717,000. Hedge funds and other institutional investors own 58.93% of the company's stock.
Get Yamana Gold alerts:Yamana Gold Stock Up 0.5 %
NYSE AUY opened at $6.03 on Wednesday. The firm has a market cap of $5.79 billion, a PE ratio of 23.19, a P/E/G ratio of 3.71 and a beta of 1.20. Yamana Gold Inc. has a 52 week low of $3.88 and a 52 week high of $6.40. The business's fifty day simple moving average is $5.73 and its 200-day simple moving average is $5.04. The company has a quick ratio of 1.52, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.
Yamana Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, December 29th. Yamana Gold's dividend payout ratio is presently 46.16%.Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AUY. Raymond James boosted their target price on shares of Yamana Gold from $5.00 to $5.50 and gave the company an "outperform" rating in a research report on Tuesday. StockNews.com assumed coverage on shares of Yamana Gold in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. TD Securities dropped their target price on shares of Yamana Gold from $7.00 to $6.00 in a report on Monday, October 31st. Finally, National Bank Financial increased their target price on shares of Yamana Gold from C$7.10 to C$8.05 in a report on Friday, January 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.20.
Yamana Gold Profile
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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 March 17, 1994 and is headquartered in Toronto, Canada.
Further Reading
- Get a free copy of the StockNews.com research report on Yamana Gold (AUY)
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