Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 28,551,086 shares, a growth of 18.7% from the November 15th total of 24,045,912 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average daily volume of 8,040,394 shares, the days-to-cover ratio is presently 3.6 days.
Yamana Gold (AUY) traded up $0.10 during mid-day trading on Friday, reaching $3.44. The company had a trading volume of 10,774,910 shares, compared to its average volume of 11,540,000. Yamana Gold has a fifty-two week low of $2.21 and a fifty-two week high of $3.65. 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 firm has a market cap of $3,270.00, a P/E ratio of -9.30 and a beta of 0.63.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, December 28th. Yamana Gold’s dividend payout ratio (DPR) is currently -5.41%.
A number of hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Yamana Gold by 67.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 431,901 shares of the basic materials company’s stock worth $1,050,000 after purchasing an additional 174,543 shares in the last quarter. CIBC World Markets Inc. bought a new stake in Yamana Gold during the 2nd quarter worth approximately $2,127,000. Vanguard Group Inc. increased its holdings in Yamana Gold by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 22,242,591 shares of the basic materials company’s stock worth $54,049,000 after purchasing an additional 979,468 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Yamana Gold by 1.7% during the 3rd quarter. Mackenzie Financial Corp now owns 7,414,900 shares of the basic materials company’s stock worth $19,649,000 after purchasing an additional 122,420 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Yamana Gold during the 2nd quarter worth approximately $11,066,000. 40.55% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on AUY shares. Royal Bank of Canada set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. ValuEngine raised Yamana Gold from a “sell” rating to a “hold” rating in a research note on Tuesday. TheStreet raised Yamana Gold from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. BMO Capital Markets reissued a “hold” rating and issued a $3.00 price objective on shares of Yamana Gold in a research note on Wednesday, December 20th. Finally, TD Securities set a $4.00 price objective on Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $3.46.
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About Yamana Gold
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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