5 Biggest Gold Companies in Canada

3. Yamana Gold Inc. (NYSE:AUY)

Number of Hedge Fund Holders: 28

Yamana Gold Inc. (NYSE:AUY) is a precious metals company that produces gold and silver in Brazil, Argentina, Chile, and Canada. The firm is based in Toronto, Canada.

Yamana Gold Inc. (NYSE:AUY) produced 216,000 ounces of gold in its third quarter, which ended up exceeding its guidance. During that time period, the firm’s Malartic and Jacobina mines produced more than 50,000 ounces of gold and ended up setting a new all time production record. Yamana Gold Inc. (NYSE:AUY) is also in the process of an acquisition deal that will see the firm sold to another company for a 42% premium. The firm pays a 3 cent dividend for a 2.68% yield, and its share price has grown by close to 9% year to date.

Insider Monkey analyzed 895 hedge fund portfolios for Q2 2022 and found out that 28 had bought Yamana Gold Inc. (NYSE:AUY)’s shares.

Yamana Gold Inc. (NYSE:AUY)’s largest investor is Alec Litowitz and Ross Laser’s Magnetar Capital which owns 20 million shares that are worth $96 million.

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