Norges Bank Buys New Holdings in Yamana Gold Inc. (AUY)
Norges Bank bought a new position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,529,293 shares of the basic materials company’s stock, valued at approximately $27,097,000. Norges Bank owned approximately 1.21% of Yamana Gold at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc increased its holdings in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock worth $57,068,000 after purchasing an additional 769,763 shares in the last quarter. Morgan Stanley increased its holdings in shares of Yamana Gold by 85.7% in the 3rd quarter. Morgan Stanley now owns 9,387,499 shares of the basic materials company’s stock worth $23,374,000 after purchasing an additional 4,332,305 shares in the last quarter. Ruffer LLP bought a new stake in shares of Yamana Gold in the 4th quarter worth $43,419,000. TD Asset Management Inc. increased its holdings in shares of Yamana Gold by 9.8% in the 4th quarter. TD Asset Management Inc. now owns 8,434,002 shares of the basic materials company’s stock worth $19,822,000 after purchasing an additional 753,494 shares in the last quarter. Finally, Bennicas & Associates Inc. increased its holdings in shares of Yamana Gold by 7.2% in the 4th quarter. Bennicas & Associates Inc. now owns 223,700 shares of the basic materials company’s stock worth $528,000 after purchasing an additional 15,075 shares in the last quarter. 46.66% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on AUY. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. National Bank Financial lowered Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Thursday. GMP Securities lowered Yamana Gold from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, ValuEngine raised Yamana Gold from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.31.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $483.40 million for the quarter, compared to the consensus estimate of $495.01 million. Yamana Gold had a positive return on equity of 2.73% and a negative net margin of 15.99%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted ($0.20) EPS. On average, equities research analysts expect that Yamana Gold Inc. will post 0.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a $0.005 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.90%. Yamana Gold’s dividend payout ratio (DPR) is currently 16.67%.
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Yamana Gold Profile
Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.
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