Yamana Gold (AUY) Stock Price Down 9.6%

Shares of Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) fell 9.6% during mid-day trading on Friday . The company traded as low as $3.02 and last traded at $3.12. 31,173,375 shares changed hands during trading, an increase of 101% from the average session volume of 15,491,169 shares. The stock had previously closed at $3.45.

A number of research firms have recently issued reports on AUY. Scotiabank set a $4.00 price objective on shares of Yamana Gold and gave the stock a “hold” rating in a report on Monday, January 15th. Desjardins reaffirmed a “hold” rating on shares of Yamana Gold in a report on Monday, December 11th. National Bank Financial downgraded shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Yamana Gold from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Finally, Credit Suisse Group raised shares of Yamana Gold from a “neutral” rating to an “outperform” rating and set a $4.25 price target for the company in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.61.

The firm has a market cap of $2,970.00, a P/E ratio of -8.21 and a beta of 0.77. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.35.

Several large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of 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 valued at $114,000 after acquiring an additional 6,616 shares during the last quarter. Creative Planning raised its stake in shares of Yamana Gold by 171.1% during the fourth quarter. Creative Planning now owns 37,072 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 23,399 shares during the last quarter. Bennicas & Associates Inc. raised its stake in shares of Yamana Gold by 13.6% during the third quarter. Bennicas & Associates Inc. now owns 200,675 shares of the basic materials company’s stock valued at $532,000 after acquiring an additional 23,950 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Yamana Gold by 2.4% during the third quarter. Bank of New York Mellon Corp now owns 1,043,114 shares of the basic materials company’s stock valued at $2,765,000 after acquiring an additional 24,201 shares during the last quarter. Finally, Afam Capital Inc. raised its stake in shares of Yamana Gold by 3.6% during the fourth quarter. Afam Capital Inc. now owns 751,843 shares of the basic materials company’s stock valued at $2,346,000 after acquiring an additional 25,998 shares during the last quarter. 40.20% of the stock is owned by hedge funds and other institutional investors.

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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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