BlackRock Inc. Has $1.18 Million Holdings in Yamana Gold Inc. (AUY)

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BlackRock Inc. lessened its holdings in Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 473,888 shares of the basic materials company’s stock after selling 225,699 shares during the quarter. BlackRock Inc.’s holdings in Yamana Gold were worth $1,180,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AUY. Hillsdale Investment Management Inc. bought a new stake in Yamana Gold during the 3rd quarter worth approximately $2,627,000. Swiss National Bank increased its stake in Yamana Gold by 2.4% during the 3rd quarter. Swiss National Bank now owns 1,691,800 shares of the basic materials company’s stock worth $4,202,000 after purchasing an additional 40,300 shares in the last quarter. Tobam increased its stake in Yamana Gold by 40.9% during the 3rd quarter. Tobam now owns 387,800 shares of the basic materials company’s stock worth $966,000 after purchasing an additional 112,600 shares in the last quarter. Strategic Wealth Advisors Group LLC bought a new stake in Yamana Gold during the 3rd quarter worth approximately $620,000. Finally, SG Americas Securities LLC increased its stake in Yamana Gold by 163.0% during the 3rd quarter. SG Americas Securities LLC now owns 354,911 shares of the basic materials company’s stock worth $884,000 after purchasing an additional 219,968 shares in the last quarter. 42.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Raymond James set a $3.00 target price on Yamana Gold and gave the stock a “hold” rating in a research note on Friday, October 26th. Zacks Investment Research cut Yamana Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Royal Bank of Canada lowered their target price on Yamana Gold from $3.75 to $3.50 and set an “outperform” rating for the company in a research note on Tuesday, October 30th. TheStreet cut shares of Yamana Gold from a “c” rating to a “d” rating in a research note on Tuesday, October 30th. Finally, CIBC raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $3.20 to $3.75 in a research note on Monday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.42.

NYSE AUY opened at $2.77 on Monday. The company has a market capitalization of $2.63 billion, a PE ratio of 34.63 and a beta of 0.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.71. Yamana Gold Inc. has a 12 month low of $2.00 and a 12 month high of $3.53.

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About Yamana Gold

Yamana Gold Inc operates as 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 primarily sells precious metals, including gold, silver, and copper. It also holds an option to earn a 70% ownership interest in the TPK property, a gold-silver-copper property located in northwestern Ontario.

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

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