American Century Companies Inc. Has $1.44 Million Position in Yamana Gold Inc. (AUY)
American Century Companies Inc. decreased its stake in shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 71.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 590,581 shares of the basic materials company’s stock after selling 1,499,922 shares during the period. American Century Companies Inc. owned about 0.06% of Yamana Gold worth $1,435,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in AUY. Virtu Financial LLC purchased a new position in shares of Yamana Gold during the second quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Yamana Gold during the first quarter valued at approximately $111,000. Creative Planning boosted its position in shares of Yamana Gold by 76.6% during the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after buying an additional 19,795 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Yamana Gold by 3.0% during 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 during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Yamana Gold by 2.2% during 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 during the last quarter. 42.44% of the stock is currently owned by institutional investors.
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Several research analysts recently issued reports on the company. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 4th. BidaskClub cut Yamana Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.25 target price on shares of Yamana Gold in a research report on Tuesday, June 20th. Finally, Zacks Investment Research cut Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $3.71.
Shares of Yamana Gold Inc. (NYSE:AUY) opened at 2.86 on Friday. Yamana Gold Inc. has a 52 week low of $2.21 and a 52 week high of $4.95. The company’s market capitalization is $2.71 billion. The firm has a 50 day moving average price of $2.76 and a 200 day moving average price of $2.68.
Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.07). The firm had revenue of $428.10 million during the quarter, compared to analysts’ expectations of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. Equities analysts forecast that Yamana Gold Inc. will post $0.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.70%. Yamana Gold’s dividend payout ratio (DPR) is currently -4.44%.
About Yamana Gold
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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