Toronto Dominion Bank trimmed its holdings in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,227,888 shares of the basic materials company’s stock after selling 124,904 shares during the period. Toronto Dominion Bank’s holdings in Yamana Gold were worth $8,406,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in AUY. Ruffer LLP acquired a new position in Yamana Gold during the fourth quarter valued at approximately $43,419,000. Norges Bank acquired a new position in shares of Yamana Gold during the fourth quarter worth $27,097,000. Morgan Stanley lifted its position in shares of Yamana Gold by 85.7% during the third quarter. Morgan Stanley now owns 9,387,499 shares of the basic materials company’s stock worth $23,374,000 after purchasing an additional 4,332,305 shares in the last quarter. Investec Asset Management LTD lifted its position in shares of Yamana Gold by 37.0% during the first quarter. Investec Asset Management LTD now owns 14,222,448 shares of the basic materials company’s stock worth $37,048,000 after purchasing an additional 3,841,279 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Yamana Gold in the fourth quarter valued at $8,648,000. 46.63% of the stock is currently owned by hedge funds and other institutional investors.
AUY stock traded up $0.01 during mid-day trading on Monday, reaching $2.02. 52,620 shares of the stock traded hands, compared to its average volume of 9,253,310. The company has a current ratio of 0.93, a quick ratio of 0.52 and a debt-to-equity ratio of 0.45. Yamana Gold Inc. has a 52-week low of $2.00 and a 52-week high of $3.23. The firm has a market capitalization of $1.93 billion, a PE ratio of 16.93 and a beta of 0.71.
Several research firms recently issued reports on AUY. Raymond James cut their price target on shares of Yamana Gold from $3.25 to $2.75 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Zacks Investment Research raised shares of Yamana Gold from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $3.00 to $2.50 in a report on Friday, April 26th. Desjardins reissued a “hold” rating on shares of Yamana Gold in a report on Monday, April 22nd. Finally, National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average 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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