Yamana Gold Inc. (NYSE:AUY) Shares Sold by Signition LP

Signition LP reduced its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 37.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,900 shares of the basic materials company’s stock after selling 27,300 shares during the period. Signition LP’s holdings in Yamana Gold were worth $143,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AUY. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Yamana Gold by 67.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock worth $13,287,000 after purchasing an additional 2,046,440 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Yamana Gold by 4,333.9% during the 2nd quarter. NEXT Financial Group Inc now owns 130,666 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 127,719 shares during the last quarter. Cerebellum GP LLC boosted its stake in shares of Yamana Gold by 14.5% during the 2nd quarter. Cerebellum GP LLC now owns 142,219 shares of the basic materials company’s stock worth $358,000 after purchasing an additional 18,026 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth about $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Yamana Gold by 5.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 87,032 shares of the basic materials company’s stock worth $221,000 after purchasing an additional 4,400 shares during the last quarter. 42.26% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. CIBC set a $4.00 target price on shares of Yamana Gold and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays set a $3.00 target price on shares of Yamana Gold and gave the stock a “sell” rating in a research report on Tuesday, October 15th. ValuEngine cut shares of Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Wednesday, September 25th. Finally, Royal Bank of Canada raised their target price on shares of Yamana Gold from $3.00 to $3.50 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.17.

Shares of AUY traded down $0.02 during mid-day trading on Monday, hitting $3.25. The company had a trading volume of 18,790,279 shares, compared to its average volume of 14,429,685. The business’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $2.86. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. Yamana Gold Inc. has a 1-year low of $1.78 and a 1-year high of $3.79. The stock has a market cap of $3.12 billion, a PE ratio of 27.08 and a beta of 0.88.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $372.58 million. Yamana Gold had a net margin of 8.76% and a return on equity of 2.94%. Yamana Gold’s revenue was down 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. On average, sell-side analysts expect that Yamana Gold Inc. will post 0.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.04 dividend on an annualized basis and a yield of 1.23%. Yamana Gold’s dividend payout ratio (DPR) is 33.33%.

Yamana Gold 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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