Pictet Asset Management SA Has $1.21 Million Holdings in Yamana Gold Inc. (NYSE:AUY)

Pictet Asset Management SA lessened its stake in shares of Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) by 41.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 261,516 shares of the basic materials company’s stock after selling 188,450 shares during the period. Pictet Asset Management SA’s holdings in Yamana Gold were worth $1,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AUY. Boston Partners acquired a new stake in Yamana Gold during the 1st quarter worth about $62,726,000. Van ECK Associates Corp grew its stake in Yamana Gold by 7.5% during the 1st quarter. Van ECK Associates Corp now owns 109,403,695 shares of the basic materials company’s stock valued at $610,474,000 after acquiring an additional 7,658,865 shares in the last quarter. Invesco Ltd. grew its stake in Yamana Gold by 552.2% during the 1st quarter. Invesco Ltd. now owns 5,826,389 shares of the basic materials company’s stock valued at $32,511,000 after acquiring an additional 4,933,091 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Yamana Gold during the 1st quarter valued at about $26,390,000. Finally, Royal Bank of Canada grew its stake in Yamana Gold by 16.4% during the 1st quarter. Royal Bank of Canada now owns 30,974,436 shares of the basic materials company’s stock valued at $172,838,000 after acquiring an additional 4,374,525 shares in the last quarter. Institutional investors and hedge funds own 55.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Securities lowered their target price on Yamana Gold from $7.00 to $6.00 in a research note on Monday, October 31st. StockNews.com assumed coverage on Yamana Gold in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.50.

Yamana Gold Trading Up 4.4 %

Shares of NYSE AUY opened at $5.27 on Wednesday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 20.27 and a beta of 1.18. The business has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.81. Yamana Gold Inc. has a 52 week low of $3.70 and a 52 week high of $6.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.52 and a current ratio of 1.98.

Yamana Gold Company Profile

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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.

See Also

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

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