Legal & General Group Plc decreased its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,674,737 shares of the basic materials company’s stock after selling 153,050 shares during the period. Legal & General Group Plc owned about 0.18% of Yamana Gold worth $4,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Donald Smith & CO. Inc. grew 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 worth $177,776,000 after acquiring an additional 7,529,219 shares in the last quarter. Investec Asset Management LTD grew its stake 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 worth $12,367,000 after acquiring an additional 1,065,753 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Yamana Gold by 48.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 241,725 shares of the basic materials company’s stock worth $583,000 after acquiring an additional 79,000 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in shares of Yamana Gold by 4.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 335,800 shares of the basic materials company’s stock worth $926,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Shell Asset Management Co. grew its stake in shares of Yamana Gold by 8.4% in the second quarter. Shell Asset Management Co. now owns 748,224 shares of the basic materials company’s stock worth $2,432,000 after acquiring an additional 58,151 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Several research firms have commented on AUY. National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. BidaskClub downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada set a $4.00 price target on shares of Yamana Gold and gave the stock a “buy” rating in a research note on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Tuesday, June 20th. Finally, Zacks Investment Research downgraded shares of Yamana Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold currently has an average rating of “Hold” and a consensus target price of $3.71.

Shares of Yamana Gold Inc. (AUY) opened at 2.81 on Thursday. The stock’s market capitalization is $2.66 billion. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $4.95. The stock’s 50 day moving average is $2.73 and its 200 day moving average is $2.68.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. 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 earned $0.01 EPS. Yamana Gold’s revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Yamana Gold Inc. will post $0.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s payout ratio is currently -4.44%.

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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.

Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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