The Wall Street Journal reports that Yamana Gold Inc. (NYSE: AUY) (TSE: YRI) announced the payment of a quarterly dividend on November 23. YRI is traded on the Toronto Stock Exchange. The corporation that deals in basic materials will distribute a dividend of $0.03 per share to shareholders recorded as having ownership on either Friday, December 30, or Friday, January 13. This translates to a dividend payment of $0.12 per year, giving the stock a yield of 2.25%. The date shareholders will not get a dividend is Thursday, December 29.
An annualized rate of 77.8 percent has increased the dividend Yamana Gold pays on average over the past three years. The payout ratio for Yamana Gold is 54.5%, which indicates that the company’s earnings more than cover the dividend. With a prospective payout ratio of 50.0%, it is anticipated that Yamana Gold will achieve earnings of $0.24 per share in the following year, sufficient to meet the company’s annual dividend payment of $0.12.
The price of AUY increased by $0.07 during trading on Wednesday, reaching $5.34; a total of 18,657,738 shares were traded, compared to an average volume of 20,480,242 shares. The firm’s market capitalization is $5.13 billion, the price-to-earnings ratio is 20.27, and the beta value is 1.18. The one-year low for Yamana Gold is $3.70, while the one-year high for the stock is $6.40. The stock’s moving average over the past fifty days is $4.61, and its moving average over the past two hundred days is $4.81. The ratio of debt to equity is 0.15; the quick ratio to current ratio is 1.52, and the current ratio to quick ratio is 1.98.
Recent transactions involving the company’s stock included purchases and sales by several institutional investors and hedge funds. BlackRock Inc. raised its ownership in Yamana Gold by 24.1% over the year’s first three months. BlackRock Inc. now owns 615,310 shares of the basic materials company after purchasing an additional 119,382 shares during the most recent quarter. The current market value of these shares is $3,434,000. During the first three months of the year, the proportion of Yamana Gold holdings that Dimensional Fund Advisors LP owned climbed by 32.6%. Dimensional Fund Advisors LP now owns 2,860,466 shares of the basic materials business after purchasing an additional 703,658 shares over time. The current value of these shares is $15,961,000. The value of Sei Investments Company’s holdings in Yamana Gold rose by 71.6% over the first three months of the year. After making an additional 8,839 share purchases during the most recent quarter, Sei Investments Co. now possesses 21,176 shares of the basic materials business, valued at $118,000. The Canada Pension Plan Investment Board (CPPIB) has recently invested roughly $387,500 in Yamana Gold by purchasing a new investment in the company during the first quarter. Finally, over the first three months of the year, Allianz Asset Management GmbH added 36.2% more shares to its holdings in Yamana Gold. Allianz Asset Management GmbH now owns 4,995,139 shares of the basic materials company after purchasing an additional 1,328,590 shares in the last quarter. The current market value of the company’s stock is $27,914,000. Institutional investors and hedge funds jointly own 55.45% of the company’s outstanding shares of stock.
The AUY stock has been discussed by a few different research analysts recently. The price objective that TD Securities has set for Yamana Gold has been lowered from $7.00 to $6.00, as stated in a research report published on October 31. On Wednesday, October 12, coverage of Yamana Gold was added to StockNews.com. They recommended that investors “hold on” to the shares. Three equity research analysts have assigned a hold rating to the stock, while four have assigned a buy rating to the stock. According to data provided by Bloomberg, the stock is now rated as having a consensus recommendation of “Moderate Buy,” and its consensus price target is $68.50.
The production of precious metals is carried out by Yamana Gold Inc. and its subsidiary companies. It produces gold and silver, and its properties are located in development and exploration projects in Canada, Brazil, Chile, and Argentina. The company now known as Yamana Gold Inc. was founded in August of 2003 and was formerly known as Yamana Resources Inc.