Yamana Gold (NYSE:AUY) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Yamana Gold (NYSE:AUY – Get Rating) (TSE:YRI) in a report published on Saturday. The firm issued a hold rating on the basic materials company’s stock.

AUY has been the topic of several other reports. National Bank Financial raised their price objective on Yamana Gold from C$7.10 to C$8.05 in a research note on Friday, January 13th. Raymond James raised their price objective on Yamana Gold from $5.00 to $5.50 and gave the company an outperform rating in a research note on Tuesday, January 31st.

Yamana Gold Price Performance

NYSE:AUY traded up $0.32 during trading hours on Friday, hitting $5.79. The company’s stock had a trading volume of 34,184,470 shares, compared to its average volume of 12,998,599. The stock has a fifty day simple moving average of $5.65 and a 200-day simple moving average of $5.18. The company has a market capitalization of $5.57 billion, a P/E ratio of 22.27, a PEG ratio of 3.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.52. Yamana Gold has a twelve month low of $3.88 and a twelve month high of $6.40.

Institutional Trading of Yamana Gold

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Yamana Gold by 3.1% during the third quarter. Vanguard Group Inc. now owns 32,727,708 shares of the basic materials company’s stock valued at $148,256,000 after purchasing an additional 979,750 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Yamana Gold by 16.4% during the first quarter. Royal Bank of Canada now owns 30,974,436 shares of the basic materials company’s stock valued at $172,838,000 after purchasing an additional 4,374,525 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Yamana Gold by 51.8% during the fourth quarter. JPMorgan Chase & Co. now owns 30,247,704 shares of the basic materials company’s stock valued at $167,875,000 after purchasing an additional 10,317,130 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Yamana Gold by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 20,609,781 shares of the basic materials company’s stock valued at $114,384,000 after purchasing an additional 346,275 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Yamana Gold by 121.9% during the fourth quarter. Bank of America Corp DE now owns 15,914,466 shares of the basic materials company’s stock valued at $88,325,000 after purchasing an additional 8,742,215 shares in the last quarter. 58.93% of the stock is owned by institutional investors and hedge funds.

About Yamana Gold

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Yamana Gold, Inc engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada.