Tocqueville Asset Management L.P. bought a new stake in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 348,741 shares of the basic materials company’s stock, valued at approximately $1,088,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in shares of Yamana Gold in the 4th quarter valued at about $8,043,000. Donald Smith & CO. Inc. boosted its position in shares of Yamana Gold by 4.1% in the 4th quarter. Donald Smith & CO. Inc. now owns 66,552,510 shares of the basic materials company’s stock valued at $207,644,000 after purchasing an additional 2,606,703 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Yamana Gold in the 4th quarter valued at about $8,862,000. Mackenzie Financial Corp boosted its position in shares of Yamana Gold by 6.7% in the 4th quarter. Mackenzie Financial Corp now owns 7,913,833 shares of the basic materials company’s stock valued at $24,691,000 after purchasing an additional 498,933 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in shares of Yamana Gold in the 4th quarter valued at about $2,872,000. 46.48% of the stock is owned by hedge funds and other institutional investors.
Shares of Yamana Gold Inc. (AUY) opened at $2.62 on Monday. Yamana Gold Inc. has a 1 year low of $2.21 and a 1 year high of $3.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.08. The firm has a market capitalization of $2,485.33, a P/E ratio of 29.11 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.005 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.76%. Yamana Gold’s dividend payout ratio is currently -9.52%.
AUY has been the subject of a number of research analyst reports. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 target price for the company in a research report on Friday, January 26th. Scotiabank decreased their price objective on Yamana Gold from $3.50 to $3.25 and set a “sector perform” rating for the company in a research report on Wednesday, February 21st. TD Securities decreased their price objective on Yamana Gold from $4.50 to $4.25 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Finally, Macquarie raised Yamana Gold from a “neutral” rating to an “outperform” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.66.
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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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