Candriam Luxembourg S.C.A. Invests $95,000 in Yamana Gold Inc. (NYSE:AUY)

Candriam Luxembourg S.C.A. purchased a new position in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,590 shares of the basic materials company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FDx Advisors Inc. purchased a new stake in shares of Yamana Gold in the first quarter worth approximately $859,000. Gradient Investments LLC lifted its position in shares of Yamana Gold by 61.5% in the first quarter. Gradient Investments LLC now owns 10,506 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 4,000 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Yamana Gold in the second quarter worth approximately $76,000. Mount Yale Investment Advisors LLC lifted its position in shares of Yamana Gold by 24.1% in the first quarter. Mount Yale Investment Advisors LLC now owns 14,307 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 2,782 shares in the last quarter. Finally, United Capital Financial Advisers LLC lifted its position in shares of Yamana Gold by 47.5% in the first quarter. United Capital Financial Advisers LLC now owns 14,750 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 4,750 shares in the last quarter. 48.33% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on AUY shares. TD Securities raised their price objective on shares of Yamana Gold from $6.50 to $7.50 and gave the company a “buy” rating in a research report on Monday, July 27th. Scotiabank raised their price objective on shares of Yamana Gold from $5.25 to $5.50 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Wednesday. Raymond James raised their price objective on shares of Yamana Gold from $6.50 to $7.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, Barclays raised their price objective on shares of Yamana Gold from $4.00 to $4.50 and gave the company an “underweight” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Yamana Gold currently has a consensus rating of “Hold” and an average price target of $5.65.

NYSE:AUY opened at $6.51 on Friday. Yamana Gold Inc. has a 12 month low of $2.23 and a 12 month high of $6.88. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.91 and a beta of 1.74. The company has a quick ratio of 0.90, a current ratio of 1.20 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $5.47 and its 200-day moving average is $4.51.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. Yamana Gold had a net margin of 18.62% and a return on equity of 4.42%. The company had revenue of $303.40 million for the quarter. Research analysts predict that Yamana Gold Inc. will post 0.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.0175 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Tuesday, September 29th. Yamana Gold’s dividend payout ratio is 46.15%.

About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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

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