Yamana Gold Inc. (NYSE: AUY) (TSE: YRI) recorded a significant decline in short-term interest in May. As of May 28, there was short interest totaling 7,950,000 shares, a decrease of 16.3% from the total of 9,500,000 shares as of May 13. Based on an average daily trade volume of 10,140,000 shares, the short-term interest rate is currently 0.8 days. Currently 0.8% of stocks are sold short.
Yamana Gold shares traded down $ 0.41 on Thursday, reaching $ 4.50. 1,232,722 shares of the company were traded for an average volume of 13,105,629. The company has a 50-day moving average of $ 4.98. Yamana Gold has a 52 week low of $ 3.99 and a 52 week high of $ 7.02. The stock has a market cap of $ 4.35 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 0.47, and a beta of 1.56. The company has a quick ratio of 1.33, a current ratio of 1.56, and a debt ratio of 0.15.
Yamana Gold (NYSE: AUY) (TSE: YRI) last reported its quarterly results on Wednesday, April 28. The basic materials company reported earnings per share (EPS) of $ 0.07 for the quarter, hitting the Zacks’ consensus estimate of $ 0.07. Yamana Gold had a return on equity of 6.93% and a net margin of 12.97%. The company posted revenue of $ 422.00 million for the quarter, compared to analysts’ expectations of $ 450.00 million. During the same period of the previous year, the company posted $ 0.05 in EPS. The company’s quarterly revenue increased 18.4% from the same quarter last year. Equity research analysts predict that Yamana Gold will post 0.26 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 14. Investors of record on Wednesday, June 30 will receive a dividend of $ 0.0263 per share. The ex-dividend date is Tuesday, June 29. This represents an annualized dividend of $ 0.11 and a return of 2.33%. Yamana Gold’s payout ratio is 28.13%.
AUY has been the subject of a number of recent research reports. TheStreet downgraded Yamana Gold from a “c +” rating to a “b-” rating in a Monday February 22 research note. Zacks investment research reduced Yamana Gold from a “hold” note to a “sell” note in a Wednesday April 28th research note. Raymond James set a price target of $ 6.50 on Yamana Gold and gave the company a “market performance” rating in a research note on Thursday, April 29. Cormark raised its price target on Yamana Gold to $ 10.75 and gave the company an “outperformance” rating in a research note on Wednesday, February 17. Finally, National Bank Financial reiterated a “sector performance” rating on Yamana Gold shares in a report published on Friday, April 23. One analyst rated the stock with a sell rating, four assigned a conservation rating, and eight issued a buy rating for the stock. The stock currently has an average rating of “Buy” and a consensus price target of $ 7.65.
A number of hedge funds have recently increased or reduced their holdings in the stock. Eudaimonia Partners LLC purchased a new stake in Yamana Gold in the fourth quarter valued at $ 29,000. Kings Point Capital Management increased its stake in Yamana Gold by 59.9% during the 4th quarter. Kings Point Capital Management now owns 8,010 shares of the basic materials company valued at $ 46,000 after purchasing an additional 3,000 shares during the period. Asset Dedication LLC purchased a new position in Yamana Gold shares in the first quarter valued at $ 53,000. Pinnacle Associates Ltd. purchased a new position in Yamana Gold shares during the 1st quarter valued at approximately $ 56,000. Finally, Forsta AP Fonden purchased a new equity stake in Yamana Gold in the first quarter valued at approximately $ 57,000. 42.03% of the shares are held by institutional investors.
About Yamana Gold
Yamana Gold Inc, together with its subsidiaries, operates as a producer of precious metals. It has gold and silver production, developmental properties, exploration properties and land positions in the Americas, including Canada, Brazil, Chile and Argentina. The company was previously known as Yamana Resources Inc and changed its name to Yamana Gold Inc in August 2003.
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