Hilltop Holdings Inc. bought a new position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,031 shares of the basic materials company’s stock, valued at approximately $103,000.
Several other large investors have also added to or reduced their stakes in AUY. Signition LP bought a new stake in shares of Yamana Gold during the third quarter worth $240,000. Virtu Financial LLC lifted its position in shares of Yamana Gold by 32.8% during the third quarter. Virtu Financial LLC now owns 121,810 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 30,052 shares during the last quarter. Natixis lifted its position in shares of Yamana Gold by 52.9% during the second quarter. Natixis now owns 124,690 shares of the basic materials company’s stock worth $361,000 after purchasing an additional 43,139 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Yamana Gold by 220.2% during the second quarter. Tower Research Capital LLC TRC now owns 147,005 shares of the basic materials company’s stock worth $426,000 after purchasing an additional 101,097 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Yamana Gold by 11.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 235,937 shares of the basic materials company’s stock worth $588,000 after purchasing an additional 23,950 shares during the last quarter. Institutional investors and hedge funds own 43.14% of the company’s stock.
Several research firms have recently weighed in on AUY. BMO Capital Markets downgraded Yamana Gold from an “outperform” rating to a “market perform” rating and set a $3.00 target price for the company. in a research report on Monday, December 10th. Royal Bank of Canada decreased their target price on Yamana Gold from $3.75 to $3.50 and set an “outperform” rating for the company in a research report on Tuesday, October 30th. Raymond James decreased their target price on Yamana Gold from $3.50 to $3.25 and set a “market perform” rating for the company in a research report on Monday, October 29th. TheStreet downgraded Yamana Gold from a “c” rating to a “d” rating in a research report on Tuesday, October 30th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Yamana Gold in a research note on Monday, September 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $3.44.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $416.80 million for the quarter. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%. Sell-side analysts predict that Yamana Gold Inc. will post 0.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.02 annualized dividend and a dividend yield of 0.94%. Yamana Gold’s dividend payout ratio is currently 25.00%.
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About Yamana Gold
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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