Yamana Gold Inc. (AUY) Short Interest Up 32.5% in October

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 13,186,397 shares, a growth of 32.5% from the October 15th total of 9,950,062 shares. Based on an average daily volume of 14,631,378 shares, the days-to-cover ratio is presently 0.9 days.

A number of equities analysts have recently issued reports on the company. Scotiabank reiterated a “hold” rating and issued a $3.75 price objective on shares of Yamana Gold in a report on Friday, July 27th. TheStreet upgraded Yamana Gold from a “d+” rating to a “c” rating in a report on Friday, July 27th. ValuEngine cut Yamana Gold from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded Yamana Gold from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets upgraded Yamana Gold from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $3.00 to $4.25 in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.59.

AUY opened at $2.19 on Friday. Yamana Gold has a 12-month low of $2.17 and a 12-month high of $3.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.01 and a quick ratio of 0.71. The stock has a market capitalization of $2.15 billion, a PE ratio of 27.38 and a beta of 0.98.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings data on Thursday, October 25th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Yamana Gold had a positive return on equity of 3.46% and a negative net margin of 23.32%. The firm had revenue of $416.80 million during the quarter. As a group, equities research analysts expect that Yamana Gold will post 0.08 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of 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 during the last quarter. Formula Growth Ltd. lifted its stake in shares of 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 during the last quarter. Bank of Montreal Can lifted its stake in shares of 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 during the last quarter. Millennium Management LLC lifted its stake in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Yamana Gold by 25.1% in the 2nd quarter. Renaissance Technologies LLC now owns 8,435,275 shares of the basic materials company’s stock valued at $24,462,000 after acquiring an additional 1,694,400 shares during the last quarter. Hedge funds and other institutional investors own 42.15% of the company’s stock.

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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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