Yamana Gold Inc. (NYSE:AUY) Sees Large Decrease in Short Interest

Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) saw a significant decline in short interest in March. As of March 13th, there was short interest totalling 16,249,300 shares, a decline of 42.4% from the February 27th total of 28,210,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 21,510,000 shares, the days-to-cover ratio is currently 0.8 days.

Several institutional investors and hedge funds have recently made changes to their positions in AUY. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Yamana Gold by 67.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 5,090,583 shares of the basic materials company’s stock worth $13,287,000 after acquiring an additional 2,046,440 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of Yamana Gold in the 3rd quarter worth approximately $240,000. Voya Financial Advisors Inc. acquired a new position in shares of Yamana Gold in the 3rd quarter worth approximately $41,000. State Street Corp boosted its holdings in shares of Yamana Gold by 4.8% in the 3rd quarter. State Street Corp now owns 190,002 shares of the basic materials company’s stock worth $606,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of Yamana Gold in the 3rd quarter worth approximately $72,017,000. 49.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of AUY traded down $0.02 on Thursday, hitting $3.26. The company’s stock had a trading volume of 28,266,792 shares, compared to its average volume of 26,292,430. The company has a market capitalization of $3.28 billion, a PE ratio of 13.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 0.66. Yamana Gold has a fifty-two week low of $1.78 and a fifty-two week high of $4.94. The company has a 50 day moving average price of $3.77 and a 200 day moving average price of $3.63.

Yamana Gold (NYSE:AUY) (TSE:YRI) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $383.80 million during the quarter, compared to analyst estimates of $378.36 million. Yamana Gold had a return on equity of 2.91% and a net margin of 14.01%. The firm’s revenue was down 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts forecast that Yamana Gold will post 0.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 31st will be issued a $0.009 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, March 30th. Yamana Gold’s payout ratio is currently 30.77%.

AUY has been the topic of a number of recent research reports. Stifel Nicolaus raised Yamana Gold from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Tuesday, February 11th. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a report on Monday, December 30th. Barclays reaffirmed a “sell” rating and set a $3.50 price objective on shares of Yamana Gold in a report on Thursday, December 12th. Raymond James reaffirmed a “market perform” rating and set a $5.50 price objective on shares of Yamana Gold in a report on Thursday. Finally, ValuEngine downgraded Yamana Gold from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $4.75.

About Yamana Gold

Yamana Gold Inc engages in operating mines, development stage projects, and exploration and mineral properties primarily in Canada, Brazil, Chile, and Argentina. The company primarily sells precious metals, including gold, silver, and copper. Its principal mining properties comprise the Chapada and Jacobina mines in Brazil; the Canadian Malartic mine in Canada; and the Cerro Moro mine in Argentina and the El Peñón and Minera Florida mines in Chile.

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