Fmr LLC reduced its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,055,622 shares of the basic materials company’s stock after selling 54,998 shares during the period. Fmr LLC owned about 0.32% of Yamana Gold worth $7,375,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in AUY. Van ECK Associates Corp boosted its holdings in shares of Yamana Gold by 37.1% in 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 acquiring an additional 28,580,991 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Yamana Gold in the 2nd quarter valued at $11,066,000. Public Sector Pension investment Board boosted its holdings in shares of Yamana Gold by 245.3% in the 2nd quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock valued at $12,662,000 after acquiring an additional 3,732,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Yamana Gold by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after acquiring an additional 987,870 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new stake in shares of Yamana Gold in the 2nd quarter valued at $2,127,000. 42.62% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.005 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.77%. Yamana Gold’s dividend payout ratio (DPR) is -5.00%.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. TD Securities set a $4.00 price objective on shares of Yamana Gold and gave the company a “buy” rating in a report on Monday, October 16th. BidaskClub downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Yamana Gold presently has an average rating of “Hold” and an average price target of $3.54.
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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