Yamana Gold Inc. (NYSE:AUY) Short Interest Update

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 19,253,431 shares, a decline of 32.6% from the November 30th total of 28,551,086 shares. Based on an average trading volume of 9,531,392 shares, the short-interest ratio is currently 2.0 days. Approximately 1.9% of the company’s shares are sold short.

Shares of Yamana Gold (NYSE:AUY) opened at $3.34 on Friday. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.65. The stock has a market cap of $3,180.00, a price-to-earnings ratio of -9.03 and a beta of 0.63. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.005 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.60%. Yamana Gold’s dividend payout ratio is presently -5.41%.

Several brokerages have weighed in on AUY. Zacks Investment Research upgraded Yamana Gold from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. Desjardins reiterated a “hold” rating on shares of Yamana Gold in a report on Monday, December 11th. National Bank Financial downgraded Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. TD Securities set a $4.00 price target on Yamana Gold and gave the company a “buy” rating in a report on Monday, October 16th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $3.00 price target on shares of Yamana Gold in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Yamana Gold presently has an average rating of “Hold” and a consensus price target of $3.46.

Several hedge funds and other institutional investors have recently made changes to their positions in AUY. Van ECK Associates Corp grew its stake in shares of Yamana Gold by 37.1% during the 2nd quarter. Van ECK Associates Corp now owns 105,537,134 shares of the basic materials company’s stock valued at $256,603,000 after buying an additional 28,580,991 shares during the period. Ameriprise Financial Inc. purchased a new stake in Yamana Gold during the 2nd quarter worth $11,066,000. Formula Growth Ltd. purchased a new stake in Yamana Gold during the 3rd quarter worth $11,568,000. Public Sector Pension investment Board boosted its position in Yamana Gold by 245.3% during the 2nd quarter. Public Sector Pension investment Board now owns 5,253,531 shares of the basic materials company’s stock worth $12,662,000 after purchasing an additional 3,732,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Yamana Gold by 6,965.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,554,859 shares of the basic materials company’s stock worth $6,975,000 after purchasing an additional 2,518,697 shares during the period. 40.55% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2018/01/12/yamana-gold-inc-auy-short-interest-down-32-6-in-december.html.

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.

Receive News & Ratings for Yamana Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply