Yamana Gold Inc. (AUY) Short Interest Update

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 10,834,089 shares, an increase of 86.1% from the March 15th total of 5,822,106 shares. Based on an average daily volume of 12,008,133 shares, the short-interest ratio is currently 0.9 days.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group set a $4.00 price target on shares of Yamana Gold and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine upgraded shares of Yamana Gold from a “sell” rating to a “hold” rating in a report on Monday, February 4th. TheStreet upgraded shares of Yamana Gold from a “d” rating to a “c-” rating in a report on Tuesday, February 19th. Finally, CIBC upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $3.20 to $3.75 in a report on Monday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Yamana Gold has an average rating of “Hold” and an average target price of $3.31.

AUY stock opened at $2.29 on Wednesday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 19.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.86 and a quick ratio of 0.50. Yamana Gold has a 12 month low of $2.00 and a 12 month high of $3.23.

Yamana Gold (NYSE:AUY) (TSE:YRI) last released its quarterly earnings data on Thursday, February 14th. The basic materials company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $483.40 million during the quarter, compared to the consensus estimate of $495.01 million. Yamana Gold had a negative net margin of 15.99% and a positive return on equity of 2.73%. Yamana Gold’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) EPS. On average, sell-side analysts expect that Yamana Gold will post 0.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.005 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.87%. Yamana Gold’s payout ratio is 16.67%.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc grew its stake in shares of Yamana Gold by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 22,918,829 shares of the basic materials company’s stock valued at $57,068,000 after buying an additional 769,763 shares during the period. Morgan Stanley grew its stake in shares of Yamana Gold by 85.7% in the 3rd quarter. Morgan Stanley now owns 9,387,499 shares of the basic materials company’s stock valued at $23,374,000 after buying an additional 4,332,305 shares during the period. Ruffer LLP purchased a new stake in shares of Yamana Gold in the 4th quarter valued at approximately $43,419,000. TD Asset Management Inc. grew its stake in shares of Yamana Gold by 9.8% in the 4th quarter. TD Asset Management Inc. now owns 8,434,002 shares of the basic materials company’s stock valued at $19,822,000 after buying an additional 753,494 shares during the period. Finally, Bennicas & Associates Inc. grew its stake in shares of Yamana Gold by 7.2% in the 4th quarter. Bennicas & Associates Inc. now owns 223,700 shares of the basic materials company’s stock valued at $528,000 after buying an additional 15,075 shares during the period. Institutional investors own 46.66% of the company’s stock.

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About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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