Bocage Capital adds Yamana Gold (USA) (AUY) to its portfolio

Yamana Gold (USA) (AUY) : Bocage Capital added new position in Yamana Gold (USA) during the most recent quarter end. The investment management firm now holds 1,633,884 shares of Yamana Gold (USA) which is valued at $9,280,461 , the company said in a statement filed on Aug 15, 2016 with the SEC.Yamana Gold (USA) makes up approximately 7.38% of Bocage Capital’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management added AUY to its portfolio by purchasing 3,800 company shares during the most recent quarter which is valued at $21,584.Point View Wealth Management reduced its stake in AUY by selling 3,006 shares or 5.77% in the most recent quarter. The Hedge Fund company now holds 49,093 shares of AUY which is valued at $277,375. Yamana Gold (USA) makes up approx 0.16% of Point View Wealth Management’s portfolio.Rathbone Brothers Plc reduced its stake in AUY by selling 137,941 shares or 83.13% in the most recent quarter. The Hedge Fund company now holds 28,000 shares of AUY which is valued at $161,840. Yamana Gold (USA) makes up approx 0.01% of Rathbone Brothers Plc’s portfolio.

Yamana Gold (USA) opened for trading at $4.03 and hit $4.275 on the upside on Thursday, eventually ending the session at $4.25, with a gain of 5.46% or 0.22 points. The heightened volatility saw the trading volume jump to 2,81,52,897 shares. Company has a market cap of $4,027 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.

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