Pacad Investment Ltd. trimmed its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,100 shares of the basic materials company’s stock after selling 900 shares during the period. Pacad Investment Ltd.’s holdings in Yamana Gold were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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. 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. Capstone Asset Management Co. raised its position in shares of Yamana Gold by 3.4% in the first quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock valued at $250,000 after buying an additional 2,950 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Yamana Gold by 1.2% in the first quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock valued at $1,248,000 after buying an additional 5,553 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Yamana Gold by 10.5% in the first quarter. Alliancebernstein L.P. now owns 132,234 shares of the basic materials company’s stock valued at $365,000 after buying an additional 12,564 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Shares of Yamana Gold Inc. (NYSE AUY) opened at 2.88 on Tuesday. The firm’s 50 day moving average is $2.72 and its 200-day moving average is $2.68. Yamana Gold Inc. has a 1-year low of $2.21 and a 1-year high of $4.95. The company’s market cap is $2.73 billion.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.

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AUY has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $3.75 price target on shares of Yamana Gold in a research report on Tuesday, June 13th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BMO Capital Markets restated a “hold” rating and set a $3.25 price objective on shares of Yamana Gold in a research report on Tuesday, June 20th. Raymond James Financial, Inc. restated a “market perform” rating and set a $3.25 price objective on shares of Yamana Gold in a research report on Thursday, June 15th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company 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.

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

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