Yamana Gold Inc. (AUY) Holdings Cut by ING Groep NV
ING Groep NV cut its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 47.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 116,780 shares of the basic materials company’s stock after selling 105,284 shares during the period. ING Groep NV’s holdings in Yamana Gold were worth $309,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Timber Hill LLC raised its holdings in Yamana Gold by 233.3% in the third quarter. Timber Hill LLC now owns 38,716 shares of the basic materials company’s stock worth $103,000 after buying an additional 27,100 shares during the last quarter. Creative Planning raised its holdings in shares of Yamana Gold by 76.6% during the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 19,795 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Yamana Gold by 16.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 6,616 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Yamana Gold by 1.1% during the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 499 shares during the last quarter. Finally, QCM Cayman Ltd. purchased a new position in shares of Yamana Gold during the second quarter valued at approximately $117,000. 40.64% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. Zacks Investment Research raised shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. BidaskClub raised shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. National Bank Financial cut shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. Finally, TD Securities set a $4.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $3.54.
Yamana Gold Inc. (NYSE:AUY) traded down $0.12 on Friday, hitting $2.54. 20,793,500 shares of the stock traded hands, compared to its average volume of 11,068,977. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. Yamana Gold Inc. has a 1 year low of $2.21 and a 1 year high of $3.65. The stock has a market capitalization of $2,470.00, a PE ratio of 68.50 and a beta of 0.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.79%. Yamana Gold’s dividend payout ratio is currently -5.41%.
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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.
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