Yamana Gold Inc. (NYSE:AUY) Sees Significant Decrease in Short Interest
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 19,414,369 shares, a decrease of 38.2% from the July 14th total of 31,433,814 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily trading volume, of 11,543,415 shares, the days-to-cover ratio is presently 1.7 days.
Shares of Yamana Gold (AUY) opened at 2.59 on Tuesday. The stock has a 50 day moving average price of $2.49 and a 200-day moving average price of $2.74. Yamana Gold has a 1-year low of $2.21 and a 1-year high of $5.69. The firm’s market cap is $2.46 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, equities research analysts expect that Yamana Gold will post $0.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.005 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.77%. Yamana Gold’s payout ratio is presently -4.44%.
Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Yamana Gold during the second quarter worth approximately $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in Yamana Gold during the first quarter worth approximately $111,000. Creative Planning raised its position in Yamana Gold by 76.6% in the second quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock worth $111,000 after buying an additional 19,795 shares during the last quarter. Stephens Inc. AR raised its position in Yamana Gold by 1.1% in the second quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after buying an additional 499 shares during the last quarter. Finally, QCM Cayman Ltd. acquired a new position in Yamana Gold during the second quarter worth approximately $117,000. Institutional investors and hedge funds own 40.60% of the company’s stock.
Several equities analysts recently weighed in on AUY shares. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the stock a “buy” rating in a research report on Tuesday, July 18th. TD Securities reiterated a “buy” rating and set a $5.50 target price on shares of Yamana Gold in a research report on Thursday, May 4th. National Bank Financial reiterated an “outperform market weight” rating on shares of Yamana Gold in a research report on Sunday, June 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 report on Monday, May 15th. Finally, BidaskClub upgraded Yamana Gold from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.71.
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About Yamana Gold
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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