Yamana Gold (USA) (AUY) : Arlington Capital Management added new position in Yamana Gold (USA) during the most recent quarter end. The investment management firm now holds 1,808,838 shares of Yamana Gold (USA) which is valued at $10,455,084 , the company said in a statement filed on Aug 2, 2016 with the SEC.Yamana Gold (USA) makes up approximately 5.37% of Arlington Capital Management’s portfolio.
Other Hedge Funds, Including , Vicus Capital reduced its stake in AUY by selling 500 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 26,700 shares of AUY which is valued at $154,326. Yamana Gold (USA) makes up approx 0.04% of Vicus Capital’s portfolio. Cypress Capital Management (wy) added AUY to its portfolio by purchasing 3,250 company shares during the most recent quarter which is valued at $18,558. Yamana Gold (USA) makes up approx 0.02% of Cypress Capital Management (wy)’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in AUY in the latest quarter, The investment management firm added 116,290 additional shares and now holds a total of 1,381,486 shares of Yamana Gold (USA) which is valued at $8,136,953. Yamana Gold (USA) makes up approx 0.21% of Candriam Luxembourg S.c.a.’s portfolio.Davenport Co reduced its stake in AUY by selling 8,592 shares or 26.85% in the most recent quarter. The Hedge Fund company now holds 23,412 shares of AUY which is valued at $138,131.Gulf International Bank (uk) Ltd boosted its stake in AUY in the latest quarter, The investment management firm added 16,300 additional shares and now holds a total of 289,912 shares of Yamana Gold (USA) which is valued at $1,710,481. Yamana Gold (USA) makes up approx 0.03% of Gulf International Bank (uk) Ltd’s portfolio.
Yamana Gold (USA) opened for trading at $5.63 and hit $5.78 on the upside on Monday, eventually ending the session at $5.68, with a gain of 0.53% or 0.03 points. The heightened volatility saw the trading volume jump to 1,08,70,630 shares. Company has a market cap of $5,382 M.
On the company’s financial health, Yamana Gold (USA) reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.02. The company had revenue of $466.50 million for the quarter, compared to analysts expectations of $480.13 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
Investors should note that on Jul 28, 2016, Yamana Gold (USA) announced a cash dividend of $0.0050. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Yamana Gold (USA). Yamana Gold (USA) was Upgraded by HSBC Securities to ” Buy” on Jul 25, 2016. Yamana Gold (USA) was Upgraded by Credit Suisse to ” Outperform” on Jun 30, 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.