Yamana Gold Inc. (AUY) Short Interest Update
Yamana Gold Inc. (NYSE:AUY) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 12,358,267 shares, a drop of 30.5% from the September 15th total of 17,793,542 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 18,562,345 shares, the days-to-cover ratio is currently 0.7 days.
Shares of Yamana Gold (NYSE:AUY) opened at 3.69 on Tuesday. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $4.73. Yamana Gold has a 52-week low of $1.38 and a 52-week high of $5.99. The company’s market cap is $3.50 billion.
Yamana Gold (NYSE:AUY) last posted its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Yamana Gold will post $0.14 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s dividend payout ratio is -1.01%.
A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock valued at $20,375,000 after buying an additional 1,775,475 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Yamana Gold by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,747,154 shares of the company’s stock valued at $11,415,000 after buying an additional 51,221 shares in the last quarter. Credit Agricole S A increased its stake in Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock valued at $25,952,000 after buying an additional 570,289 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock valued at $376,000 after buying an additional 21,096 shares in the last quarter. Finally, AXA increased its stake in Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock valued at $3,324,000 after buying an additional 344,342 shares in the last quarter. 49.64% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on AUY shares. Barclays PLC lifted their price target on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Friday, July 8th. TD Securities restated a “buy” rating and set a $7.50 target price (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Finally, Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.75.
About Yamana Gold
Yamana Gold Inc (Yamana) is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The Company’s segments include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc, and Corporate and other.
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