Today, TD Asset Management Inc. Increases Position in Yamana Gold Inc. (AUY)

Today, TD Asset Management Inc. Increases Position in Yamana Gold Inc. (AUY)
TD Asset Management Inc. increased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,709,160 shares of the company’s stock after buying an additional 121,747 shares during the period. TD Asset Management Inc. owned approximately 1.24% of Yamana Gold worth $50,338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AUY. Sumitomo Mitsui Trust Holdings Inc. raised its position in Yamana Gold by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,445,533 shares of the company’s stock valued at $17,840,000 after buying an additional 484,480 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Yamana Gold by 9.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 1,381,486 shares of the company’s stock valued at $7,149,000 after buying an additional 116,290 shares in the last quarter. CIBC World Markets Inc. raised its position in Yamana Gold by 6.5% in the second quarter. CIBC World Markets Inc. now owns 12,726,987 shares of the company’s stock valued at $66,180,000 after buying an additional 774,872 shares in the last quarter. Acadian Asset Management LLC raised its position in Yamana Gold by 360.1% in the second quarter. Acadian Asset Management LLC now owns 11,844,059 shares of the company’s stock valued at $61,285,000 after buying an additional 9,269,923 shares in the last quarter. Finally, GWM Advisors LLC bought a new position in Yamana Gold during the second quarter valued at $182,000. Hedge funds and other institutional investors own 47.09% of the company’s stock.

Yamana Gold Inc. (NYSE:AUY) traded down 0.68% during mid-day trading on Friday, hitting $2.92. 6,452,773 shares of the company traded hands. The stock’s market capitalization is $2.77 billion. The company’s 50-day moving average is $3.52 and its 200-day moving average is $4.61. Yamana Gold Inc. has a one year low of $1.38 and a one year high of $5.99.

Yamana Gold (NYSE:AUY) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.02. Yamana Gold had a negative net margin of 97.73% and a positive return on equity of 0.89%. The company earned $464.30 million during the quarter, compared to the consensus estimate of $507.61 million. During the same period in the previous year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts predict that Yamana Gold Inc. will post $0.10 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, December 28th. Yamana Gold’s payout ratio is currently -1.06%.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. TD Securities reiterated a “buy” rating and issued a $7.50 price objective (up previously from $7.00) on shares of Yamana Gold in a research note on Wednesday, August 3rd. Barclays PLC upped their price objective on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and issued a $6.50 price objective on shares of Yamana Gold in a research note on Tuesday, October 18th. Finally, Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a research note on Friday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.05.

Yamana Gold Company Profile

Related posts

Leave a Comment