Oppenheimer & Co. Inc. Has $115,000 Stock Position in Yamana Gold Inc. (NYSE:AUY)

Oppenheimer & Co. Inc. increased its position in shares of Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) by 35.5% in the second quarter, HoldingsChannel reports. The firm owned 24,641 shares of the basic materials company’s stock after purchasing an additional 6,460 shares during the period. Oppenheimer & Co. Inc.’s holdings in Yamana Gold were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AUY. Fractal Investments LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth about $56,000. Meridian Wealth Management LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth about $70,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Yamana Gold during the 1st quarter worth about $70,000. First Trust Advisors LP acquired a new stake in shares of Yamana Gold during the 1st quarter worth about $88,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 55.45% of the company’s stock.

Yamana Gold Stock Up 1.4 %

Shares of NYSE:AUY opened at $5.04 on Monday. Yamana Gold Inc. has a one year low of $3.70 and a one year high of $6.40. The company has a 50 day moving average of $4.58 and a 200-day moving average of $4.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.52. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 19.39 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AUY. StockNews.com began coverage on shares of Yamana Gold in a research report on Wednesday, October 12th. They set a “hold” rating for the company. TD Securities lowered their price objective on shares of Yamana Gold from $7.00 to $6.00 in a research report on Monday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.25.

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.

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

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