Parametrica Management Ltd Makes New Investment in Yamana Gold Inc. (NYSE:AUY)

Parametrica Management Ltd acquired a new position in shares of Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,033 shares of the basic materials company’s stock, valued at approximately $313,000.

A number of other institutional investors have also recently bought and sold shares of AUY. Renaissance Technologies LLC boosted its position in Yamana Gold by 105.1% during the 4th quarter. Renaissance Technologies LLC now owns 23,036,304 shares of the basic materials company’s stock worth $97,191,000 after acquiring an additional 11,803,111 shares during the period. Boston Partners acquired a new stake in shares of Yamana Gold during the 1st quarter valued at about $62,726,000. Millennium Management LLC lifted its holdings in shares of Yamana Gold by 243.3% during the 4th quarter. Millennium Management LLC now owns 12,164,160 shares of the basic materials company’s stock valued at $51,271,000 after buying an additional 8,621,093 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Yamana Gold during the 1st quarter valued at about $26,390,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Yamana Gold by 48.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,002,522 shares of the basic materials company’s stock valued at $37,891,000 after buying an additional 2,954,467 shares during the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Yamana Gold Stock Performance

Shares of NYSE AUY opened at $5.04 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.00 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $4.90 and its two-hundred day moving average is $5.13. The company has a market cap of $4.84 billion, a P/E ratio of 18.67 and a beta of 1.31. Yamana Gold Inc. has a 12 month low of $3.70 and a 12 month high of $6.40.

Yamana Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, September 29th. Yamana Gold’s dividend payout ratio is currently 44.45%.

Analyst Ratings Changes

AUY has been the subject of several research reports. Raymond James set a $7.00 price target on Yamana Gold and gave the company a “market perform” rating in a report on Thursday, April 28th. StockNews.com lowered Yamana Gold from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Canaccord Genuity Group lowered Yamana Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from C$10.50 to C$7.50 in a report on Thursday, June 2nd. National Bank Financial lowered Yamana Gold to an “outperform” rating in a report on Wednesday, June 1st. Finally, Barclays boosted their target price on Yamana Gold from $5.00 to $6.00 in a report on Thursday, April 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.50.

Yamana Gold Company Profile

(Get Rating)

Yamana Gold Inc, together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.

Read More

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

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.