Oppenheimer & Co. Inc. decreased its position in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 36.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,189 shares of the basic materials company’s stock after selling 42,765 shares during the period. Oppenheimer & Co. Inc.’s holdings in Yamana Gold were worth $210,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in AUY. Raymond James Financial Services Advisors Inc. bought a new position in Yamana Gold during the first quarter worth $111,000. Stephens Inc. AR raised its position in shares of Yamana Gold by 3.0% in the first quarter. Stephens Inc. AR now owns 47,412 shares of the basic materials company’s stock valued at $131,000 after buying an additional 1,381 shares in the last quarter. Korea Investment CORP acquired a new position in shares of Yamana Gold during the first quarter valued at $161,000. World Asset Management Inc raised its position in shares of Yamana Gold by 2.2% in the first quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock valued at $165,000 after buying an additional 1,308 shares in the last quarter. Finally, Vivaldi Capital Management LLC acquired a new position in shares of Yamana Gold during the first quarter valued at $193,000. Institutional investors and hedge funds own 41.27% of the company’s stock.

Yamana Gold Inc. (NYSE AUY) traded down 0.77% on Thursday, reaching $2.57. The company had a trading volume of 8,541,759 shares. The stock has a 50 day moving average price of $2.47 and a 200 day moving average price of $2.78. The stock’s market capitalization is $2.44 billion. Yamana Gold Inc. has a 52-week low of $2.21 and a 52-week high of $5.93.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.07. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. The firm had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. During the same period in the prior year, the business posted $0.01 earnings per share. Yamana Gold’s quarterly revenue was down 2.3% compared to the same quarter last year. Analysts expect that Yamana Gold Inc. will post $0.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.005 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.78%. Yamana Gold’s dividend payout ratio is presently -4.44%.

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Several brokerages recently weighed in on AUY. National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a research note on Sunday, June 4th. BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine lowered Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BMO Capital Markets restated a “hold” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Tuesday, June 20th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and issued a $3.25 price target on shares of Yamana Gold in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Yamana Gold currently has an average rating of “Hold” and a consensus target price of $3.71.

Yamana Gold Company Profile

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

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

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