Yamana Gold Inc. (AUY) Sees Large Growth in Short Interest

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 14,150,789 shares, an increase of 24.5% from the March 15th total of 11,366,111 shares. Based on an average daily volume of 11,801,397 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.4% of the company’s shares are sold short.

Several equities analysts have recently weighed in on the company. TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Zacks Investment Research raised Yamana Gold from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. ValuEngine downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Yamana Gold in a research report on Wednesday, December 20th. Finally, National Bank Financial raised Yamana Gold from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Yamana Gold has an average rating of “Buy” and a consensus target price of $3.66.

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Shares of Yamana Gold stock opened at $2.94 on Wednesday. The firm has a market capitalization of $2,761.18, a price-to-earnings ratio of 36.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.87 and a current ratio of 1.08. Yamana Gold has a 52 week low of $2.21 and a 52 week high of $3.80.



Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Yamana Gold had a positive return on equity of 1.87% and a negative net margin of 10.44%. The business had revenue of $478.80 million for the quarter. equities analysts expect that Yamana Gold will post 0.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, March 28th. Yamana Gold’s payout ratio is 25.00%.

Several institutional investors and hedge funds have recently bought and sold shares of AUY. Bank of New York Mellon Corp grew its position in shares of Yamana Gold by 2.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,043,114 shares of the basic materials company’s stock worth $2,765,000 after buying an additional 24,201 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Yamana Gold by 36.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 303,424 shares of the basic materials company’s stock worth $802,000 after buying an additional 81,198 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Yamana Gold by 8.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,945,509 shares of the basic materials company’s stock worth $13,106,000 after buying an additional 391,534 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Yamana Gold by 19.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 570,049 shares of the basic materials company’s stock worth $1,535,000 after buying an additional 91,279 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Yamana Gold by 11.6% during the 3rd quarter. Legal & General Group Plc now owns 1,869,657 shares of the basic materials company’s stock worth $4,935,000 after buying an additional 194,920 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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About Yamana Gold

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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