Yamana Gold Inc. (NYSE:AUY) Shares Acquired by NEXT Financial Group Inc

NEXT Financial Group Inc boosted its holdings in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 4,333.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,666 shares of the basic materials company’s stock after purchasing an additional 127,719 shares during the period. NEXT Financial Group Inc’s holdings in Yamana Gold were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AUY. BlackRock Inc. lifted its position in shares of Yamana Gold by 5.3% in the 4th quarter. BlackRock Inc. now owns 498,850 shares of the basic materials company’s stock valued at $1,177,000 after acquiring an additional 24,962 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Yamana Gold in the 1st quarter valued at approximately $37,000. Exane Derivatives lifted its position in shares of Yamana Gold by 1,691.7% in the 1st quarter. Exane Derivatives now owns 669,057 shares of the basic materials company’s stock valued at $1,746,000 after acquiring an additional 631,714 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Yamana Gold by 6.8% in the 4th quarter. Legal & General Group Plc now owns 936,005 shares of the basic materials company’s stock valued at $2,199,000 after acquiring an additional 59,659 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of Yamana Gold by 11.1% in the 1st quarter. Fiera Capital Corp now owns 249,900 shares of the basic materials company’s stock valued at $651,000 after acquiring an additional 25,000 shares in the last quarter. 43.55% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on AUY shares. TD Securities reduced their price target on shares of Yamana Gold from $4.25 to $3.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Zacks Investment Research upgraded shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Monday, July 8th. Raymond James downgraded shares of First Midwest Bancorp to a “hold” rating in a research report on Monday, July 8th. Royal Bank of Canada set a $147.00 price objective on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, National Bank Financial lowered shares of Detour Gold to a “hold” rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $3.15.

Yamana Gold stock traded down $0.09 during trading hours on Tuesday, hitting $2.78. The company had a trading volume of 830,475 shares, compared to its average volume of 12,890,143. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 23.21 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average is $2.40. Yamana Gold Inc. has a fifty-two week low of $1.78 and a fifty-two week high of $3.23.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $414.49 million. Yamana Gold had a negative net margin of 7.41% and a positive return on equity of 3.09%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. As a group, analysts expect that Yamana Gold Inc. will post 0.04 EPS for the current year.

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

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