Janney Montgomery Scott LLC Has $420,000 Stake in Yamana Gold Inc. (NYSE:AUY)

Janney Montgomery Scott LLC decreased its position in shares of Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) by 14.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,630 shares of the basic materials company’s stock after selling 16,165 shares during the period. Janney Montgomery Scott LLC’s holdings in Yamana Gold were worth $420,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the 3rd quarter valued at $46,000. Connectus Wealth LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter valued at $47,000. Exchange Traded Concepts LLC acquired a new stake in shares of Yamana Gold during the 3rd quarter valued at $52,000. Fractal Investments LLC bought a new position in Yamana Gold during the 2nd quarter worth $56,000. Finally, Optiver Holding B.V. raised its position in Yamana Gold by 297.4% during the 2nd quarter. Optiver Holding B.V. now owns 12,986 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 9,718 shares during the last quarter. Institutional investors and hedge funds own 58.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Securities lowered their target price on Yamana Gold from $7.00 to $6.00 in a research report on Monday, October 31st. StockNews.com initiated coverage on Yamana Gold in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, National Bank Financial boosted their target price on Yamana Gold from C$7.10 to C$8.05 in a research report on Friday, January 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

Yamana Gold Price Performance

AUY stock opened at $6.12 on Tuesday. The company has a market capitalization of $5.88 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.52 and a current ratio of 1.98. Yamana Gold Inc. has a 52-week low of $3.88 and a 52-week high of $6.40. The business has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $4.98.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last released its quarterly earnings results on Thursday, October 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $422.40 million during the quarter. Yamana Gold had a return on equity of 6.03% and a net margin of 13.99%. Research analysts expect that Yamana Gold Inc. will post 0.26 EPS for the current fiscal year.

Yamana Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.12 dividend on an annualized basis and a yield of 1.96%. Yamana Gold’s dividend payout ratio (DPR) is currently 46.16%.

Yamana Gold Company Profile

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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.

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

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