Geode Capital Management LLC increased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 17.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,238 shares of the basic materials company’s stock after acquiring an additional 15,019 shares during the period. Geode Capital Management LLC’s holdings in Yamana Gold were worth $238,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Family Wealth Counselors L.L.C. bought a new stake in Yamana Gold during the fourth quarter worth about $26,000. Hellman Jordan Management Co. Inc. MA bought a new stake in Yamana Gold during the fourth quarter worth about $26,000. Cozad Asset Management Inc. bought a new stake in Yamana Gold during the fourth quarter worth about $31,000. Insight Wealth Strategies LLC bought a new stake in Yamana Gold during the fourth quarter worth about $40,000. Finally, Camarda Financial Advisors LLC bought a new stake in Yamana Gold during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 46.63% of the company’s stock.
NYSE:AUY opened at $2.04 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.52 and a current ratio of 0.93. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.00 and a beta of 0.71. Yamana Gold Inc. has a 12-month low of $2.00 and a 12-month high of $3.23.
Several research firms recently issued reports on AUY. ValuEngine upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet upgraded Yamana Gold from a “d” rating to a “c-” rating in a report on Tuesday, February 19th. Zacks Investment Research lowered Yamana Gold from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Credit Suisse Group set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, CIBC upgraded Yamana Gold from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $3.20 to $3.75 in a report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price of $3.13.
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About Yamana Gold
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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