Yamana Gold Inc. (NYSE:AUY) Shares Sold by Gradient Investments LLC

Gradient Investments LLC decreased its stake in shares of Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) by 26.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,911 shares of the basic materials company’s stock after selling 2,506 shares during the period. Gradient Investments LLC’s holdings in Yamana Gold were worth $32,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AUY. Boston Partners bought a new position in shares of Yamana Gold during the 1st quarter valued at about $62,726,000. Millennium Management LLC boosted its position in shares of Yamana Gold by 243.3% during the 4th quarter. Millennium Management LLC now owns 12,164,160 shares of the basic materials company’s stock valued at $51,271,000 after purchasing an additional 8,621,093 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Yamana Gold by 7.5% in the first quarter. Van ECK Associates Corp now owns 109,403,695 shares of the basic materials company’s stock worth $610,474,000 after buying an additional 7,658,865 shares during the period. Invesco Ltd. boosted its holdings in shares of Yamana Gold by 552.2% in the first quarter. Invesco Ltd. now owns 5,826,389 shares of the basic materials company’s stock worth $32,511,000 after buying an additional 4,933,091 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Yamana Gold in the first quarter worth about $26,390,000. Institutional investors own 55.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AUY. Canaccord Genuity Group cut shares of Yamana Gold from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$10.50 to C$7.50 in a report on Thursday, June 2nd. National Bank Financial cut shares of Yamana Gold to an “outperform” rating in a report on Wednesday, June 1st. Finally, StockNews.com cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Yamana Gold presently has an average rating of “Moderate Buy” and a consensus price target of $68.50.

Yamana Gold Price Performance

NYSE AUY opened at $4.28 on Thursday. The company has a 50 day simple moving average of $4.68 and a 200-day simple moving average of $5.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.00 and a quick ratio of 1.55. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.85 and a beta of 1.32. Yamana Gold Inc. has a 52-week low of $3.70 and a 52-week high of $6.40.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 28th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $485.60 million during the quarter. Yamana Gold had a net margin of 14.15% and a return on equity of 6.55%. Equities research analysts predict that Yamana Gold Inc. will post 0.28 earnings per share for the current fiscal year.

Yamana Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, September 29th. Yamana Gold’s payout ratio is presently 44.45%.

Yamana Gold Company Profile

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Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

Further Reading

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Institutional Ownership by Quarter for Yamana Gold (NYSE:AUY)

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