Yamana Gold Inc. (AUY) Short Interest Update
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 16,998,310 shares, a decline of 12.0% from the August 31st total of 19,326,388 shares. Based on an average daily volume of 10,992,552 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the company’s stock are sold short.
A number of research analysts have commented on the company. BidaskClub downgraded Yamana Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada set a $4.00 target price on Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Tuesday, June 20th. Zacks Investment Research downgraded Yamana Gold from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. Finally, Raymond James Financial, Inc. restated a “market perform” rating and issued a $3.25 target price on shares of Yamana Gold in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $3.71.
Shares of Yamana Gold (NYSE:AUY) opened at 2.61 on Friday. The firm’s market cap is $2.47 billion. The firm has a 50 day moving average price of $2.81 and a 200-day moving average price of $2.69. Yamana Gold has a 12 month low of $2.21 and a 12 month high of $3.95.
Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.07). The company had revenue of $428.10 million during the quarter, compared to the consensus estimate of $428.65 million. Yamana Gold had a negative net margin of 23.63% and a positive return on equity of 0.42%. Yamana Gold’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. On average, analysts predict that Yamana Gold will post $0.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, September 28th. Yamana Gold’s payout ratio is -4.44%.
A number of institutional investors have recently bought and sold shares of the stock. Afam Capital Inc. grew its holdings in Yamana Gold by 0.5% during the second quarter. Afam Capital Inc. now owns 727,371 shares of the basic materials company’s stock worth $1,768,000 after purchasing an additional 3,533 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Yamana Gold by 16.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,795 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 6,616 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Yamana Gold by 372.8% during the second quarter. Cubist Systematic Strategies LLC now owns 250,188 shares of the basic materials company’s stock worth $605,000 after purchasing an additional 197,276 shares during the period. BlueCrest Capital Management Ltd grew its holdings in Yamana Gold by 5.0% during the second quarter. BlueCrest Capital Management Ltd now owns 325,905 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 15,494 shares during the period. Finally, Fore Research & Management LP bought a new position in Yamana Gold during the second quarter worth about $243,000. Institutional investors and hedge funds own 42.39% of the company’s stock.
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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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