Yamana Gold Inc. (USA) (AUY) Trades at $2.72 After Triangle; Highbridge Capital Management Has Cut By $9.66 Million Its Smith & Nephew Plc (SNN) Holding

May 12, 2017 - By Nellie Frank

Highbridge Capital Management Llc decreased Smith & Nephew Plc (SNN) stake by 36.49% reported in 2016Q4 SEC filing. Highbridge Capital Management Llc sold 322,144 shares as Smith & Nephew Plc (SNN)’s stock declined 8.74%. The Highbridge Capital Management Llc holds 560,768 shares with $16.87M value, down from 882,912 last quarter. Smith & Nephew Plc now has $14.89 billion valuation. The stock rose 0.44% or $0.15 reaching $34.18. About 70,194 shares traded. Smith & Nephew plc (ADR) (NYSE:SNN) has risen 4.90% since October 5, 2016 and is uptrending. It has underperformed by 5.97% the S&P500.

Yamana Gold Inc. (USA) (AUY) formed triangle with $2.94 target or 8.00% above today’s $2.72 share price. Yamana Gold Inc. (USA) (AUY) has $2.70B valuation. About 2.86M shares traded. Yamana Gold Inc. (USA) (NYSE:AUY) has declined 28.68% since October 5, 2016 and is downtrending. It has underperformed by 39.55% the S&P500.

Highbridge Capital Management Llc increased Tech Data Corp (NASDAQ:TECD) stake by 16,595 shares to 27,067 valued at $2.29 million in 2016Q4. It also upped Hill Rom Hldgs Inc (NYSE:HRC) stake by 203,502 shares and now owns 422,467 shares. Air Prods & Chems Inc (NYSE:APD) was raised too.

Among 10 analysts covering Smith & Nephew PLC (ADR) (NYSE:SNN), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Smith & Nephew PLC (ADR) had 10 analyst reports since October 29, 2015 according to SRatingsIntel. UBS downgraded the shares of SNN in report on Thursday, February 11 to “Neutral” rating. The stock of Smith & Nephew plc (ADR) (NYSE:SNN) has “Neutral” rating given on Wednesday, November 4 by Sterne Agee CRT. The rating was downgraded by Barclays Capital on Wednesday, August 10 to “Equal-Weight”. Goldman Sachs downgraded the shares of SNN in report on Monday, February 27 to “Neutral” rating. The stock has “Hold” rating by HSBC on Thursday, January 19. On Thursday, October 6 the stock rating was downgraded by Berenberg to “Hold”. The firm earned “Buy” rating on Monday, May 9 by Jefferies. The stock has “Overweight” rating by Morgan Stanley on Thursday, December 8.

Among 12 analysts covering Yamana Gold Inc. (NYSE:AUY), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Yamana Gold Inc. has $5.50 highest and $2.20 lowest target. $3.53’s average target is 29.78% above currents $2.72 stock price. Yamana Gold Inc. had 28 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by Raymond James on Friday, January 15. The stock has “Buy” rating by TD Securities on Friday, May 5. Credit Suisse upgraded Yamana Gold Inc. (USA) (NYSE:AUY) on Monday, September 21 to “Outperform” rating. HSBC downgraded the shares of AUY in report on Monday, October 26 to “Hold” rating. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, January 14. BMO Capital Markets downgraded the stock to “Market Perform” rating in Monday, December 19 report. The firm has “Sector Perform” rating by IBC given on Friday, July 24. The company was downgraded on Monday, January 18 by Raymond James. The stock has “Outperform” rating by BMO Capital Markets on Thursday, May 12.