Short Interest in Yamana Gold Inc. (AUY) Increases By 23.7%
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 19,326,388 shares, an increase of 23.7% from the August 15th total of 15,629,594 shares. Based on an average daily volume of 9,436,858 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the shares of the stock are sold short.
A number of institutional investors have recently made changes to their positions in the business. Stephens Inc. AR grew its holdings in Yamana Gold by 1.1% in the 2nd quarter. Stephens Inc. AR now owns 47,911 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 499 shares during the last quarter. World Asset Management Inc grew its holdings in Yamana Gold by 2.2% in the 1st quarter. World Asset Management Inc now owns 59,847 shares of the basic materials company’s stock worth $165,000 after acquiring an additional 1,308 shares during the last quarter. Capstone Asset Management Co. grew its holdings in Yamana Gold by 3.4% in the 1st quarter. Capstone Asset Management Co. now owns 90,446 shares of the basic materials company’s stock worth $250,000 after acquiring an additional 2,950 shares during the last quarter. Afam Capital Inc. grew its holdings in Yamana Gold by 0.5% in the 2nd quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after acquiring an additional 3,533 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Yamana Gold by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock worth $1,248,000 after acquiring an additional 5,553 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Yamana Gold in a research report on Thursday, September 7th. BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Zacks Investment Research downgraded shares of Yamana Gold from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. BMO Capital Markets restated a “hold” rating and set a $3.25 price objective on shares of Yamana Gold in a research report on Tuesday, June 20th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and set a $3.25 price objective on shares of Yamana Gold in a research report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.71.
Shares of Yamana Gold (NYSE AUY) opened at 2.86 on Monday. The company has a 50 day moving average of $2.76 and a 200 day moving average of $2.68. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $4.95. The company’s market cap is $2.71 billion.
Yamana Gold (NYSE:AUY) (TSE:YRI) last issued its earnings results 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 analysts’ expectations of $428.65 million. Yamana Gold had a positive return on equity of 0.42% and a negative net margin of 23.63%. Yamana Gold’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. On average, analysts expect that Yamana Gold will post $0.02 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s dividend payout ratio (DPR) is presently -4.44%.
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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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