Saddle Road Partners Exits Position in Yamana Gold (USA) (AUY)

Yamana Gold (USA) (AUY) : Saddle Road Partners has sold out all of its stake in Yamana Gold (USA) during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 5,208 shares of Yamana Gold (USA) which is valued at $22,186.

Yamana Gold (USA) closed down -0.03 points or -0.69% at $4.32 with 1,23,39,630 shares getting traded on Wednesday. Post opening the session at $4.39, the shares hit an intraday low of $4.21 and an intraday high of $4.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in AUY in the latest quarter, The investment management firm added 8,000 additional shares and now holds a total of 8,200 shares of Yamana Gold (USA) which is valued at $34,932. Yamana Gold (USA) makes up approx 0.01% of Advisory Services Network’s portfolio. Parasol Investment Management added AUY to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $12,780. Yamana Gold (USA) makes up approx 0.01% of Parasol Investment Management’s portfolio. Pinnacle Advisory Group sold out all of its stake in AUY during the most recent quarter. The investment firm sold 60,000 shares of AUY which is valued $241,800.Hexavest reduced its stake in AUY by selling 285,569 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 9,818,542 shares of AUY which is valued at $39,568,724. Yamana Gold (USA) makes up approx 0.61% of Hexavest’s portfolio.

On the company’s financial health, Yamana Gold (USA) reported $-0.02 EPS for the quarter, based on the information available during the earnings call on Oct 29, 2015. Analyst had a consensus estimate of $-0.02. The company had revenue of $448.90 million for the quarter, compared to analysts expectations of $472.34 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Yamana Gold (USA). Yamana Gold (USA) was Upgraded by Raymond James to ” Outperform” on Mar 14, 2016. Yamana Gold (USA) was Downgraded by Goldman to ” Sell” on Feb 24, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Sector Perform” and Lowered the Price Target to $ 2.50 from a previous price target of $2.75 .

Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities including exploration extraction processing and reclamation. The Company’s production mines include Chapada Brazil; El Penon Chile; Canadian Malartic Canada; Mercedes Mexico; Gualcamayo Argentina; Jacobina Brazil; Minera Florida Chile and Other Producing Mines. Its development properties include Cerro Moro Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera 126.95 million tons at Canadian Malartic 509.15 million tons at Chapada 1.96 million tons at Cerro Morro 10.41 million tons at El Penon 29.16 million tons at Gualcamayo 22.85 million tons at Jacobina 8.68 million tons at Jeronimo 4.01 million tons at Mercedes 7.89 million tons at Minera Florida 24.03 million tons at C1-Santa Luz 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.

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