Yamana Gold Inc. (NYSE:AUY – Get Rating) (TSE:YRI) announced a quarterly dividend on Friday, April 29th, Wall Street Journal reports. Investors of record on Thursday, June 30th will be given a dividend of 0.03 per share by the basic materials company on Thursday, July 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Wednesday, June 29th.
Yamana Gold has raised its dividend by an average of 77.8% annually over the last three years and has increased its dividend every year for the last 3 years. Yamana Gold has a payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Yamana Gold to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 36.4%.
AUY stock opened at $5.51 on Friday. The company has a market cap of $5.30 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 8.77 and a beta of 1.43. The company has a quick ratio of 1.50, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. Yamana Gold has a twelve month low of $3.70 and a twelve month high of $6.40. The business’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $4.65.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its holdings in shares of Yamana Gold by 9.7% in the 4th quarter. Allianz Asset Management GmbH now owns 3,666,549 shares of the basic materials company’s stock valued at $15,441,000 after buying an additional 325,027 shares during the period. Norges Bank bought a new stake in Yamana Gold during the 4th quarter worth about $12,907,000. Marshall Wace LLP lifted its position in Yamana Gold by 208.2% during the 4th quarter. Marshall Wace LLP now owns 2,050,373 shares of the basic materials company’s stock worth $8,655,000 after buying an additional 1,385,103 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Yamana Gold by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,231,208 shares of the basic materials company’s stock worth $4,876,000 after buying an additional 5,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Yamana Gold by 4.5% during the 4th quarter. JPMorgan Chase & Co. now owns 957,246 shares of the basic materials company’s stock worth $4,039,000 after buying an additional 41,357 shares in the last quarter. 41.82% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on AUY. National Bank Financial raised their price target on shares of Yamana Gold from C$8.75 to C$9.25 in a research note on Wednesday, April 20th. Barclays lifted their target price on shares of Yamana Gold from $5.00 to $6.00 in a research note on Thursday, April 21st. Canaccord Genuity Group lifted their target price on shares of Yamana Gold from C$8.00 to C$9.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Stifel Nicolaus lifted their target price on shares of Yamana Gold from C$10.00 to C$10.25 in a research note on Thursday, April 7th. Finally, StockNews.com cut shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $62.28.
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.
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