Today, World Asset Management Inc invests in 4,684 by buying Yamana Gold Inc. (AUY) shares

Today, World Asset Management Inc invests in 4,684 by buying Yamana Gold Inc. (AUY) shares

World Asset Management Inc increased its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 7.9% during the third quarter, Holdings Channel reports. The fund owned 63,605 shares of the company’s stock after buying an additional 4,684 shares during the period. World Asset Management Inc’s holdings in Yamana Gold were worth $274,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AUY. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Yamana Gold by 31.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,996,175 shares of the company’s stock worth $31,027,000 after buying an additional 1,425,633 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock worth $376,000 after buying an additional 21,096 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Yamana Gold by 90.7% in the first quarter. AMP Capital Investors Ltd now owns 751,126 shares of the company’s stock worth $2,305,000 after buying an additional 357,177 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake 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 worth $7,149,000 after buying an additional 116,290 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC boosted its stake in Yamana Gold by 156.3% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 20,500 shares of the company’s stock worth $107,000 after buying an additional 12,500 shares during the last quarter. Institutional investors own 47.09% of the company’s stock.

Shares of Yamana Gold Inc. (NYSE:AUY) traded down 0.68% during trading on Friday, reaching $2.92. The company had a trading volume of 6,452,773 shares. The company has a 50 day moving average of $3.50 and a 200-day moving average of $4.60. Yamana Gold Inc. has a 52-week low of $1.38 and a 52-week high of $5.99. The firm’s market capitalization is $2.77 billion.

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 analysts’ consensus estimates 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 quarter last year, the company earned ($0.02) earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Yamana Gold Inc. will post $0.10 earnings per share 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 given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Wednesday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is -1.06%.

A number of equities research analysts have issued reports on AUY shares. Barclays PLC raised their target price on Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 8th. TD Securities reiterated a “buy” rating and issued a $6.00 target price (down from $7.50) on shares of Yamana Gold in a research note on Tuesday, November 1st. Zacks Investment Research upgraded Yamana Gold from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. RBC Capital Markets reiterated a “sector perform” rating on shares of Yamana Gold in a research note on Tuesday, October 18th. Finally, Dundee Securities upgraded 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. Yamana Gold has an average rating of “Hold” and an average price target of $4.94.

About Yamana Gold

Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.

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