5 Best Canadian Gold Stocks To Buy Now

3. Yamana Gold Inc. (NYSE:AUY)

Number of Hedge Fund Holders: 33

Yamana Gold Inc. (NYSE:AUY) is a precious metal producer that has assets in various stages of production, including gold and silver production, development-stage properties, exploration properties, and land positions throughout Canada, Brazil, Chile, and Argentina. The company was founded in 2003 and has its headquarters located in Toronto, Canada. 

On January 18, Yamana Gold Inc. (NYSE:AUY) announced that its full-year 2022 production increased by 1.1% year-over-year, reaching 894,820 ounces, exceeding the estimated production of around 870,000 ounces. However, the company’s fourth-quarter production declined by 2.3% to 235,072 ounces. 

National Bank analyst Mike Parkin on January 13 raised the firm’s price target on Yamana Gold Inc. (NYSE:AUY) to C$8.05 from C$7.10 and kept a Tender rating on the shares.

According to Insider Monkey’s Q4 data, 33 hedge funds were long Yamana Gold Inc. (NYSE:AUY), compared to 31 funds in the preceding quarter. John Overdeck and David Siegel’s Two Sigma Advisors is the biggest stakeholder of the company, with 12.80 million shares worth $71 million.