APG Asset Management N.V. decreased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 33.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 588,200 shares of the basic materials company’s stock after selling 301,500 shares during the period. APG Asset Management N.V. owned approximately 0.06% of Yamana Gold worth $1,618,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Comerica Bank lifted its position in Yamana Gold by 5.1% in the 1st quarter. Comerica Bank now owns 50,134 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 2,448 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Yamana Gold by 4.1% in the first quarter. Russell Investments Group Ltd. now owns 70,312 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 2,758 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of Yamana Gold by 24.1% in the first quarter. Mount Yale Investment Advisors LLC now owns 14,307 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 2,782 shares in the last quarter. CWM LLC boosted its position in shares of Yamana Gold by 13.8% during the first quarter. CWM LLC now owns 26,920 shares of the basic materials company’s stock worth $74,000 after buying an additional 3,270 shares during the period. Finally, Gradient Investments LLC grew its holdings in shares of Yamana Gold by 61.5% during the first quarter. Gradient Investments LLC now owns 10,506 shares of the basic materials company’s stock worth $29,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 48.33% of the company’s stock.
AUY has been the subject of a number of recent research reports. Scotiabank raised Yamana Gold from a “sector perform” rating to an “outperform” rating in a research report on Thursday, April 16th. ValuEngine cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Monday, March 30th. Raymond James set a $5.50 price target on shares of Yamana Gold and gave the company a “market perform” rating in a research note on Wednesday, May 20th. National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 22nd. Finally, Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Yamana Gold has an average rating of “Hold” and an average target price of $4.89.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $352.22 million. Yamana Gold had a return on equity of 3.44% and a net margin of 17.61%. The business’s revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm posted $0.02 earnings per share. As a group, equities analysts forecast that Yamana Gold Inc. will post 0.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.0625 per share. This is an increase from Yamana Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, June 29th. This represents a $0.25 annualized dividend and a yield of 4.58%. Yamana Gold’s dividend payout ratio (DPR) is currently 46.15%.
Yamana Gold Company 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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