Yamana Gold Inc. (AUY) Stake Raised by Creative Planning
Creative Planning increased its stake in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 76.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,638 shares of the basic materials company’s stock after buying an additional 19,795 shares during the period. Creative Planning’s holdings in Yamana Gold were worth $111,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of AUY. World Asset Management Inc raised its position in shares of Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Yamana Gold by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,182,733 shares of the basic materials company’s stock valued at $8,780,000 after buying an additional 42,340 shares in the last quarter. ING Groep NV raised its position in shares of Yamana Gold by 57.7% in the first quarter. ING Groep NV now owns 248,764 shares of the basic materials company’s stock valued at $687,000 after buying an additional 90,999 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Yamana Gold by 142.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,795,627 shares of the basic materials company’s stock valued at $13,236,000 after buying an additional 2,817,968 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Yamana Gold by 17.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,791,200 shares of the basic materials company’s stock valued at $7,681,000 after buying an additional 413,600 shares in the last quarter. Hedge funds and other institutional investors own 40.60% of the company’s stock.
Shares of Yamana Gold Inc. (NYSE:AUY) traded up 0.916% on Thursday, reaching $2.755. 7,787,015 shares of the company’s stock traded hands. The stock’s market capitalization is $2.61 billion. The company has a 50 day moving average of $2.50 and a 200-day moving average of $2.74. Yamana Gold Inc. has a 52 week low of $2.21 and a 52 week high of $5.50.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $428.10 million during the quarter, compared to analyst estimates of $428.65 million. During the same period in the previous year, the company posted $0.01 earnings per share. Yamana Gold’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts forecast that Yamana Gold Inc. will post $0.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s payout ratio is -4.44%.
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Several brokerages have recently commented on AUY. Vetr upgraded shares of Yamana Gold from a “buy” rating to a “strong-buy” rating and set a $3.60 price objective on the stock in a report on Tuesday, April 25th. Scotiabank increased their target price on shares of Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a report on Monday, May 15th. TD Securities reiterated 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 reiterated an “outperform market weight” rating on shares of Yamana Gold in a report on Sunday, June 4th. Finally, ValuEngine lowered shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus 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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