Yamana Gold Inc. (AUY) Short Interest Update
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 30,430,619 shares, a growth of 27.6% from the May 31st total of 23,845,307 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily volume of 14,342,887 shares, the days-to-cover ratio is currently 2.1 days.
Yamana Gold (AUY) opened at 2.43 on Friday. The firm’s market capitalization is $2.30 billion. Yamana Gold has a 12-month low of $2.33 and a 12-month high of $5.99. The company’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.85.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $403.50 million during the quarter, compared to analyst estimates of $423.20 million. Yamana Gold had a positive return on equity of 0.44% and a negative net margin of 19.31%. Yamana Gold’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Equities analysts expect that Yamana Gold will post $0.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, June 28th. Yamana Gold’s dividend payout ratio is currently -5.41%.
Several equities analysts recently issued reports on AUY shares. Credit Suisse Group set a $3.00 price objective on Yamana Gold and gave the stock a “hold” rating in a research note on Saturday, March 11th. Vetr cut Yamana Gold from a “strong-buy” rating to a “buy” rating and set a $3.33 price objective on the stock. in a research note on Wednesday, April 12th. TD Securities restated a “buy” rating and set a $5.50 price objective on shares of Yamana Gold in a research note on Thursday, May 4th. Scotiabank raised their price objective on Yamana Gold from $3.50 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, May 5th. Finally, ValuEngine cut Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $4.26.
A number of institutional investors have recently bought and sold shares of AUY. Van ECK Associates Corp raised its position in Yamana Gold by 24.4% in the first quarter. Van ECK Associates Corp now owns 76,956,143 shares of the basic materials company’s stock worth $212,390,000 after buying an additional 15,076,270 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Yamana Gold by 13.2% in the first quarter. Donald Smith & CO. Inc. now owns 64,411,745 shares of the basic materials company’s stock valued at $177,776,000 after buying an additional 7,529,219 shares during the period. Vanguard Group Inc. raised its position in shares of Yamana Gold by 4.9% in the first quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after buying an additional 987,870 shares during the period. Hexavest Inc. raised its position in shares of Yamana Gold by 1,845.2% in the first quarter. Hexavest Inc. now owns 20,123,386 shares of the basic materials company’s stock valued at $55,516,000 after buying an additional 19,088,889 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Yamana Gold by 54.6% in the first quarter. Schroder Investment Management Group now owns 10,471,190 shares of the basic materials company’s stock valued at $34,742,000 after buying an additional 3,699,810 shares during the period. 42.81% of the stock is currently owned by institutional investors.
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Yamana Gold Company Profile
Yamana Gold Inc is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company’s segments include Chapada mine in Brazil; El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc (Brio Gold), and Corporate and other.
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