Yamana Gold Short Interest Up 82.9% in April (AUY)
Shares of Yamana Gold (NYSE:AUY) were the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 17,054,181 shares, an increase of 82.9% from the April 15th total of 9,326,782 shares, Stock Ratings Network reports. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 10,275,143 shares, the short-interest ratio is presently 1.7 days.
A number of research firms have recently commented on AUY. Analysts at Macquarie upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 15th. Separately, analysts at Paradigm Capital downgraded shares of Yamana Gold from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. They now have a $9.00 price target on the stock, down previously from $12.50. Finally, analysts at Raymond James reiterated a “market perform” rating on shares of Yamana Gold in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. Yamana Gold currently has an average rating of “Buy” and a consensus price target of $11.93.
Yamana Gold (NYSE:AUY) opened at 7.53 on Wednesday. Yamana Gold has a 52 week low of $7.15 and a 52 week high of $12.52. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $8.98. The company’s market cap is $5.673 billion.
Yamana Gold (NYSE:AUY) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $353.90 million for the quarter, compared to the consensus estimate of $422.90 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was down 33.8% on a year-over-year basis. Analysts expect that Yamana Gold will post $0.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, June 26th.
Yamana Gold Inc (NYSE:AUY) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.
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