Donald Smith buys $174,058,827 stake in Yamana Gold (USA) (AUY)

Yamana Gold (USA) (AUY) : Donald Smith scooped up 115,752 additional shares in Yamana Gold (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 37,033,793 shares of Yamana Gold (USA) which is valued at $174,058,827.Yamana Gold (USA) makes up approximately 4.55% of Donald Smith’s portfolio.

Other Hedge Funds, Including , Heartland Advisors Inc sold out all of its stake in AUY during the most recent quarter. The investment firm sold 109,000 shares of AUY which is valued $512,300. Wedbush Securities Inc sold out all of its stake in AUY during the most recent quarter. The investment firm sold 11,011 shares of AUY which is valued $51,752.Oppenheimer Co Inc boosted its stake in AUY in the latest quarter, The investment management firm added 24,893 additional shares and now holds a total of 117,944 shares of Yamana Gold (USA) which is valued at $583,823. Yamana Gold (USA) makes up approx 0.02% of Oppenheimer Co Inc’s portfolio.

Yamana Gold (USA) opened for trading at $4.32 and hit $4.64 on the upside on Tuesday, eventually ending the session at $4.6, with a gain of 6.24% or 0.27 points. The heightened volatility saw the trading volume jump to 1,52,15,847 shares. Company has a market cap of $4,358 M.

On the company’s financial health, Yamana Gold (USA) reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.00. The company had revenue of $430.30 million for the quarter, compared to analysts expectations of $432.90 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.04 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.

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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