Mackenzie Financial Corp raised its position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,414,900 shares of the basic materials company’s stock after buying an additional 122,420 shares during the period. Mackenzie Financial Corp owned about 0.78% of Yamana Gold worth $19,649,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of AUY. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Yamana Gold by 67.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 431,901 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 174,543 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Yamana Gold during the 2nd quarter worth approximately $2,127,000. Vanguard Group Inc. boosted its holdings in shares of Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after purchasing an additional 979,468 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Yamana Gold during the 2nd quarter worth approximately $11,066,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Yamana Gold by 24.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,264,389 shares of the basic materials company’s stock worth $5,458,000 after purchasing an additional 443,658 shares during the last quarter. Institutional investors own 40.64% of the company’s stock.
Several research analysts have recently weighed in on AUY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Yamana Gold in a report on Thursday, September 7th. Zacks Investment Research upgraded Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. National Bank Financial cut Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. TD Securities set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.54.
The company 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 dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, December 28th. Yamana Gold’s payout ratio is presently -5.00%.
About Yamana Gold
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.
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