Short Interest in Yamana Gold Inc. (AUY) Grows By 24.5%

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a significant increase in short interest during the month of March. As of March 29th, there was short interest totalling 14,150,789 shares, an increase of 24.5% from the March 15th total of 11,366,111 shares. Based on an average daily volume of 11,801,397 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.4% of the shares of the stock are short sold.

Several large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. grew its position in shares of Yamana Gold by 4.1% in the fourth quarter. Donald Smith & CO. Inc. now owns 66,552,510 shares of the basic materials company’s stock valued at $207,644,000 after purchasing an additional 2,606,703 shares during the period. Deutsche Bank AG grew its position in shares of Yamana Gold by 16.4% in the fourth quarter. Deutsche Bank AG now owns 12,660,833 shares of the basic materials company’s stock valued at $39,500,000 after purchasing an additional 1,782,822 shares during the period. Mackenzie Financial Corp grew its position in shares of Yamana Gold by 6.7% in the fourth quarter. Mackenzie Financial Corp now owns 7,913,833 shares of the basic materials company’s stock valued at $24,691,000 after purchasing an additional 498,933 shares during the period. Ameriprise Financial Inc. grew its position in shares of Yamana Gold by 8.6% in the third quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock valued at $13,106,000 after purchasing an additional 391,534 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Yamana Gold by 830.7% in the fourth quarter. Two Sigma Investments LP now owns 4,348,648 shares of the basic materials company’s stock valued at $13,570,000 after purchasing an additional 3,881,382 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

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NYSE AUY opened at $2.92 on Tuesday. Yamana Gold has a fifty-two week low of $2.21 and a fifty-two week high of $3.80. The firm has a market capitalization of $2,761.18, a PE ratio of 36.50 and a beta of 0.86. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 0.39.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.03. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. The company had revenue of $478.80 million during the quarter. research analysts predict that Yamana Gold will post 0.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 28th. Yamana Gold’s dividend payout ratio is currently 25.00%.

Several equities analysts recently issued reports on the company. Credit Suisse Group raised Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price objective for the company in a report on Friday, January 26th. ValuEngine cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research cut Yamana Gold from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and issued a $4.00 price target on shares of Yamana Gold in a report on Wednesday, January 31st. Finally, Scotiabank set a $4.00 price target on Yamana Gold and gave the stock a “hold” rating in a report on Monday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Yamana Gold presently has a consensus rating of “Buy” and a consensus target price of $3.66.

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Yamana Gold Company Profile

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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