Paloma Partners Management Co acquired a new position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 744,900 shares of the basic materials company’s stock, valued at approximately $2,323,000. Paloma Partners Management Co owned approximately 0.08% of Yamana Gold at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of AUY. Formula Growth Ltd. purchased a new stake in Yamana Gold during the 3rd quarter worth about $11,568,000. Two Sigma Investments LP increased its position in Yamana Gold by 830.7% during the 4th quarter. Two Sigma Investments LP now owns 4,348,648 shares of the basic materials company’s stock worth $13,570,000 after purchasing an additional 3,881,382 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Yamana Gold during the 4th quarter worth about $8,862,000. Arrowstreet Capital Limited Partnership purchased a new stake in Yamana Gold during the 4th quarter worth about $8,350,000. Finally, Donald Smith & CO. Inc. grew its holdings in 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 buying an additional 2,606,703 shares during the period. Hedge funds and other institutional investors own 46.48% of the company’s stock.
Several analysts have commented on the company. Scotiabank set a $4.00 price target on Yamana Gold and gave the company a “hold” rating in a report on Monday, January 15th. Desjardins restated a “hold” rating on shares of Yamana Gold in a report on Monday, December 11th. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 9th. TD Securities lowered their price target on Yamana Gold from $4.50 to $4.25 and set a “buy” rating for the company in a report on Tuesday, February 20th. Finally, Credit Suisse Group upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price target for the company in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Yamana Gold has a consensus rating of “Hold” and an average price target of $3.66.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The firm had revenue of $478.80 million for the quarter. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. research analysts expect that Yamana Gold Inc. will post 0.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, March 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -9.52%.
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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