JPMorgan Chase & Co. Has $6.98 Million Position in Yamana Gold Inc. (AUY)

JPMorgan Chase & Co. increased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 6,965.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,554,859 shares of the basic materials company’s stock after buying an additional 2,518,697 shares during the quarter. JPMorgan Chase & Co. owned 0.27% of Yamana Gold worth $6,975,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in Yamana Gold by 1.1% during the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 499 shares in the last quarter. Afam Capital Inc. increased its holdings in Yamana Gold by 0.5% during the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock valued at $1,768,000 after purchasing an additional 3,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in Yamana Gold by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock valued at $1,248,000 after purchasing an additional 5,553 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Yamana Gold by 7.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 82,012 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 5,823 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Yamana Gold by 16.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 6,616 shares in the last quarter. Institutional investors and hedge funds own 40.55% of the company’s stock.

Yamana Gold Inc. (AUY) opened at $3.10 on Thursday. Yamana Gold Inc. has a 12-month low of $2.21 and a 12-month high of $3.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.99 and a quick ratio of 0.62. The stock has a market capitalization of $2,800.00, a price-to-earnings ratio of -8.38 and a beta of 0.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.005 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.65%. Yamana Gold’s dividend payout ratio is currently -5.41%.

A number of equities research analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $3.00 price target on shares of Yamana Gold in a report on Wednesday, December 20th. Desjardins reissued a “hold” rating on shares of Yamana Gold in a research note on Monday, December 11th. Royal Bank of Canada set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. TD Securities set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, National Bank Financial cut Yamana Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Yamana Gold presently has an average rating of “Hold” and an average target price of $3.52.

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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.

Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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