Yamana Gold (USA) (AUY) : Edmond De Rothschild Asset Management (luxembourg) reduced its stake in Yamana Gold (USA) by 35.9% during the most recent quarter end. The investment management company now holds a total of 55,000 shares of Yamana Gold (USA) which is valued at $312,400 after selling 30,800 shares in Yamana Gold (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Yamana Gold (USA) makes up approximately 0.23% of Edmond De Rothschild Asset Management (luxembourg)’s portfolio.
Other Hedge Funds, Including , Peak6 Investments boosted its stake in AUY in the latest quarter, The investment management firm added 11,158 additional shares and now holds a total of 55,497 shares of Yamana Gold (USA) which is valued at $315,223. Yamana Gold (USA) makes up approx 0.02% of Peak6 Investments’s portfolio.Cibc World Markets boosted its stake in AUY in the latest quarter, The investment management firm added 774,872 additional shares and now holds a total of 12,726,987 shares of Yamana Gold (USA) which is valued at $69,107,539. Yamana Gold (USA) makes up approx 0.30% of Cibc World Markets’s portfolio.
Yamana Gold (USA) closed down -0.23 points or -4.20% at $5.25 with 2,21,14,567 shares getting traded on Friday. Post opening the session at $5.36, the shares hit an intraday low of $5.25 and an intraday high of $5.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.