Toroso Investments LLC increased its stake in Yamana Gold Inc. (NYSE:AUY – Get Rating) (TSE:YRI) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,848 shares of the basic materials company’s stock after buying an additional 27,702 shares during the period. Toroso Investments LLC’s holdings in Yamana Gold were worth $729,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Yamana Gold by 3.1% in the third quarter. Vanguard Group Inc. now owns 32,727,708 shares of the basic materials company’s stock worth $148,256,000 after buying an additional 979,750 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Yamana Gold by 16.4% in the first quarter. Royal Bank of Canada now owns 30,974,436 shares of the basic materials company’s stock worth $172,838,000 after buying an additional 4,374,525 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Yamana Gold by 1.6% in the third quarter. Renaissance Technologies LLC now owns 20,263,506 shares of the basic materials company’s stock worth $91,794,000 after buying an additional 315,200 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Yamana Gold by 27.0% in the first quarter. Mackenzie Financial Corp now owns 15,438,174 shares of the basic materials company’s stock worth $86,331,000 after buying an additional 3,277,759 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Yamana Gold by 2,249.9% in the third quarter. BlackRock Inc. now owns 14,216,088 shares of the basic materials company’s stock worth $64,400,000 after buying an additional 13,611,130 shares during the last quarter. Institutional investors own 58.93% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on AUY. National Bank Financial lifted their price target on shares of Yamana Gold from C$7.10 to C$8.05 in a research note on Friday, January 13th. StockNews.com assumed coverage on shares of Yamana Gold in a research note on Saturday. They set a “hold” rating for the company. Finally, Raymond James boosted their target price on shares of Yamana Gold from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Tuesday, January 31st.
Yamana Gold Stock Up 5.9 %
Yamana Gold stock opened at $5.79 on Monday. The company has a 50-day simple moving average of $5.65 and a 200-day simple moving average of $5.19. The firm has a market capitalization of $5.57 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.00 and a beta of 1.19. 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 Inc. has a one year low of $3.88 and a one year high of $6.40.
About Yamana Gold
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.