Yamana Gold Inc. (AUY) Short Interest Update

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 4,581,846 shares, a growth of 50.5% from the July 13th total of 3,043,659 shares. Based on an average daily volume of 14,261,053 shares, the short-interest ratio is currently 0.3 days.

AUY has been the subject of several analyst reports. Zacks Investment Research raised shares of Yamana Gold from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a report on Wednesday, July 4th. Credit Suisse Group set a $4.00 price target on shares of Yamana Gold and gave the company a “buy” rating in a report on Thursday, May 3rd. GMP Securities raised shares of Yamana Gold from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. GARP Research raised shares of Yamana Gold from a “neutral” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, TheStreet raised shares of Yamana Gold from a “d+” rating to a “c” rating in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Yamana Gold has an average rating of “Buy” and an average price target of $3.89.

AUY opened at $2.59 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 34.38 and a beta of 0.82. Yamana Gold has a 1-year low of $2.40 and a 1-year high of $3.80.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, July 26th. The basic materials company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $431.50 million during the quarter, compared to analysts’ expectations of $456.05 million. Yamana Gold had a negative net margin of 15.63% and a positive return on equity of 3.49%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) EPS. equities research analysts forecast that Yamana Gold will post 0.12 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Yamana Gold by 6.4% in the 2nd quarter. Van ECK Associates Corp now owns 126,348,962 shares of the basic materials company’s stock valued at $366,442,000 after acquiring an additional 7,550,918 shares in the last quarter. Formula Growth Ltd. increased its position in Yamana Gold by 18.9% in the 2nd quarter. Formula Growth Ltd. now owns 9,455,851 shares of the basic materials company’s stock valued at $27,422,000 after acquiring an additional 1,500,000 shares in the last quarter. Bank of Montreal Can increased its position in Yamana Gold by 16.3% in the 2nd quarter. Bank of Montreal Can now owns 9,129,475 shares of the basic materials company’s stock valued at $26,475,000 after acquiring an additional 1,277,992 shares in the last quarter. Millennium Management LLC increased its position in Yamana Gold by 13.3% in the 2nd quarter. Millennium Management LLC now owns 8,686,504 shares of the basic materials company’s stock valued at $25,191,000 after acquiring an additional 1,017,207 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Yamana Gold by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 8,435,275 shares of the basic materials company’s stock worth $24,462,000 after buying an additional 1,694,400 shares during the period. Hedge funds and other institutional investors own 43.27% of the company’s stock.

Yamana Gold Company Profile

Yamana Gold Inc operates as a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. It primarily sells precious metals, including gold, silver, and copper. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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