Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) saw unusually large options trading on Tuesday. Stock traders bought 13,298 call options on the company. This is an increase of approximately 688% compared to the average volume of 1,687 call options.

Yamana Gold (AUY) opened at 3.14 on Friday. The company’s market capitalization is $2.98 billion. Yamana Gold has a 12-month low of $2.21 and a 12-month high of $4.95. The company’s 50 day moving average price is $2.70 and its 200-day moving average price is $2.68.

Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.07. The firm had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. Equities analysts forecast that Yamana Gold will post $0.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s payout ratio is currently -4.44%.

A number of hedge funds have recently made changes to their positions in AUY. Van ECK Associates Corp raised its position in shares of Yamana Gold by 37.1% during the 2nd quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock valued at $256,603,000 after buying an additional 28,580,991 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Yamana Gold by 13.2% during the 1st quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after buying an additional 7,529,219 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock valued at $54,049,000 after buying an additional 979,468 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Yamana Gold by 54.6% during the 1st quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock valued at $34,742,000 after buying an additional 3,699,810 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Yamana Gold by 29.2% during the 1st quarter. Mackenzie Financial Corp now owns 7,524,487 shares of the basic materials company’s stock valued at $20,768,000 after buying an additional 1,700,586 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

AUY has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $3.75 price target on shares of Yamana Gold in a research report on Tuesday, June 13th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a research report on Tuesday, June 20th. Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a research report on Thursday, June 15th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th. Three 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $3.71.

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Yamana Gold Company 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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