KCG Holdings Inc. Lowers Position in Yamana Gold Inc. (NYSE:AUY)
KCG Holdings Inc. lowered its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 89.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,923 shares of the basic materials company’s stock after selling 540,940 shares during the period. KCG Holdings Inc.’s holdings in Yamana Gold were worth $171,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake 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 during the last quarter. Donald Smith & CO. Inc. boosted its stake 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 during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 987,870 shares during the last quarter. Hexavest Inc. boosted its stake 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 during the last quarter. Finally, Schroder Investment Management Group boosted its stake 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 during the last quarter. Hedge funds and other institutional investors own 41.02% of the company’s stock.
Shares of Yamana Gold Inc. (NYSE AUY) traded up 0.612% during trading on Monday, reaching $2.465. The company had a trading volume of 993,003 shares. The company’s market cap is $2.34 billion. Yamana Gold Inc. has a 12-month low of $2.21 and a 12-month high of $5.93. The firm has a 50-day moving average of $2.47 and a 200-day moving average of $2.78.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data 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. The firm had revenue of $428.10 million for the quarter, compared to analyst estimates of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. On average, equities research analysts anticipate that Yamana Gold Inc. will post $0.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s payout ratio is -4.44%.
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Several equities analysts have recently commented on AUY shares. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a report on Tuesday, July 18th. Vetr lowered Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 target price for the company. in a report on Wednesday, April 12th. TD Securities reaffirmed a “buy” rating and set a $5.50 target price on shares of Yamana Gold in a report on Thursday, May 4th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. Finally, Scotiabank upped their target price on Yamana Gold from $3.50 to $4.00 and gave the company a “sector perform” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.71.
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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