Fiera Capital Corp Cuts Stake in Yamana Gold Inc. (AUY)
Fiera Capital Corp trimmed its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 66.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,670 shares of the basic materials company’s stock after selling 295,653 shares during the period. Fiera Capital Corp’s holdings in Yamana Gold were worth $369,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of AUY. Capstone Asset Management Co. increased its position in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after acquiring an additional 2,950 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Yamana Gold by 6.2% in the first quarter. Wells Fargo & Company MN now owns 354,561 shares of the basic materials company’s stock valued at $978,000 after acquiring an additional 20,828 shares during the last quarter. World Asset Management Inc increased 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 acquiring an additional 1,308 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Yamana Gold in the first quarter valued at about $327,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold in the first quarter valued at about $111,000. Institutional investors own 42.39% of the company’s stock.
A number of analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Yamana Gold in a research report on Thursday, September 7th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a research report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a research report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.71.
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Shares of Yamana Gold Inc. (NYSE AUY) opened at 2.69 on Thursday. The company’s market capitalization is $2.55 billion. The firm’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.68. Yamana Gold Inc. has a 1-year low of $2.21 and a 1-year high of $4.95.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) EPS 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 the consensus estimate of $428.65 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts predict that Yamana Gold Inc. will post $0.02 EPS for the current fiscal year.
The company 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 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s payout ratio is -4.44%.
Yamana Gold Profile
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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