Short Interest in Yamana Gold Inc. (AUY) Increases By 22.7%
Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 24,045,912 shares, an increase of 22.7% from the October 31st total of 19,594,043 shares. Based on an average trading volume of 7,381,776 shares, the short-interest ratio is presently 3.3 days. Approximately 2.4% of the shares of the stock are short sold.
Several analysts have recently weighed in on the stock. National Bank Financial cut shares of Yamana Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Yamana Gold from a “strong sell” rating to a “hold” rating in a research note on Friday, October 20th. Royal Bank Of Canada set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a research note on Tuesday, October 17th. TD Securities set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, BidaskClub upgraded shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.54.
Shares of Yamana Gold (NYSE AUY) opened at $2.58 on Friday. The stock has a market cap of $2,409.19, a P/E ratio of 63.50 and a beta of 0.64. 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 also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.005 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.78%. Yamana Gold’s dividend payout ratio (DPR) is presently -5.00%.
Several large investors have recently made changes to their positions in AUY. Alliancebernstein L.P. increased its position in shares of Yamana Gold by 10.5% in the 1st quarter. Alliancebernstein L.P. now owns 132,234 shares of the basic materials company’s stock valued at $365,000 after purchasing an additional 12,564 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Yamana Gold by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 21,263,123 shares of the basic materials company’s stock valued at $58,686,000 after purchasing an additional 987,870 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Yamana Gold by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 454,625 shares of the basic materials company’s stock valued at $1,248,000 after purchasing an additional 5,553 shares during the last quarter. Creative Planning increased its position in shares of Yamana Gold by 76.6% in the 2nd quarter. Creative Planning now owns 45,638 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 19,795 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Yamana Gold in the 2nd quarter valued at approximately $371,000. 40.64% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Yamana Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamana Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.