Janney Montgomery Scott LLC Has $420,000 Stock Position in Yamana Gold Inc. (NYSE:AUY)

Janney Montgomery Scott LLC lowered its holdings in Yamana Gold Inc. (NYSE:AUYGet Rating) (TSE:YRI) by 14.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,630 shares of the basic materials company’s stock after selling 16,165 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Yamana Gold were worth $420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AUY. Connectus Wealth LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth approximately $47,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Yamana Gold during the 3rd quarter worth approximately $46,000. Exchange Traded Concepts LLC acquired a new stake in shares of Yamana Gold during the 3rd quarter worth approximately $52,000. Fractal Investments LLC acquired a new stake in shares of Yamana Gold during the 2nd quarter worth approximately $56,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Yamana Gold during the 1st quarter worth approximately $70,000. Institutional investors and hedge funds own 58.93% of the company’s stock.

Yamana Gold Trading Down 0.3 %

NYSE AUY opened at $6.12 on Tuesday. The stock has a 50-day simple moving average of $5.60 and a 200 day simple moving average of $4.98. The company has a market capitalization of $5.88 billion, a PE ratio of 23.54, a P/E/G ratio of 2.61 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.52 and a debt-to-equity ratio of 0.15. Yamana Gold Inc. has a 12 month low of $3.88 and a 12 month high of $6.40.

Yamana Gold (NYSE:AUYGet Rating) (TSE:YRI) last posted its earnings results on Thursday, October 27th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Yamana Gold had a return on equity of 6.03% and a net margin of 13.99%. The firm had revenue of $422.40 million during the quarter. Research analysts forecast that Yamana Gold Inc. will post 0.26 EPS for the current year.

Yamana Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.12 annualized dividend and a dividend yield of 1.96%. Yamana Gold’s dividend payout ratio is currently 46.16%.

Wall Street Analyst Weigh In

AUY has been the topic of several recent analyst reports. National Bank Financial boosted their price target on Yamana Gold from C$7.10 to C$8.05 in a research note on Friday, January 13th. StockNews.com assumed coverage on Yamana Gold in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, TD Securities cut their price objective on Yamana Gold from $7.00 to $6.00 in a research report on Monday, October 31st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.37.

About Yamana Gold

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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.

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

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