American International Group Inc. maintained its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) during the first quarter, Holdings Channel reports. The institutional investor owned 37,744 shares of the basic materials company’s stock at the end of the first quarter. American International Group Inc.’s holdings in Yamana Gold were worth $104,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the first quarter valued at approximately $111,000. Korea Investment CORP acquired a new stake in shares of Yamana Gold during the first quarter valued at approximately $161,000. World Asset Management Inc raised its stake in shares of Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after buying an additional 2,950 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Yamana Gold during the first quarter valued at approximately $327,000. Institutional investors own 41.02% of the company’s stock.
Shares of Yamana Gold Inc. (AUY) traded up 0.38% during mid-day trading on Friday, hitting $2.67. The company had a trading volume of 999,144 shares. The firm’s market capitalization is $2.53 billion. Yamana Gold Inc. has a 52 week low of $2.21 and a 52 week high of $5.85. The firm has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.76.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.07. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The firm had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $428.65 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Yamana Gold’s revenue was down 2.3% on a year-over-year basis. Equities analysts forecast that Yamana Gold Inc. will post $0.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.005 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.75%. Yamana Gold’s payout ratio is currently -4.44%.
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A number of research firms recently weighed in on AUY. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. BidaskClub raised Yamana Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $3.25 price target on shares of Yamana Gold in a research note on Tuesday, June 20th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and set a $3.25 price target on shares of Yamana Gold in a research note on Thursday, June 15th. 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 stock. The stock has a consensus rating of “Hold” and a consensus target price of $3.71.
About Yamana Gold
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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