The Yamana Gold Inc. (AUY) Short Interest Update

The Yamana Gold Inc. (AUY) Short Interest Update

Yamana Gold Inc. (NYSE:AUY) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 12,358,267 shares, a drop of 30.5% from the September 15th total of 17,793,542 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 18,562,345 shares, the days-to-cover ratio is currently 0.7 days.

Shares of Yamana Gold (NYSE:AUY) opened at 3.69 on Tuesday. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $4.73. Yamana Gold has a 52-week low of $1.38 and a 52-week high of $5.99. The company’s market cap is $3.50 billion.

Yamana Gold (NYSE:AUY) last posted its earnings results on Thursday, July 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business earned $466.50 million during the quarter, compared to the consensus estimate of $466.44 million. Yamana Gold had a positive return on equity of 0.12% and a negative net margin of 104.16%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Yamana Gold will post $0.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.54%. The ex-dividend date was Wednesday, September 28th. Yamana Gold’s dividend payout ratio is -1.01%.

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Yamana Gold by 36.0% in the first quarter. Renaissance Technologies LLC now owns 6,702,275 shares of the company’s stock valued at $20,375,000 after buying an additional 1,775,475 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Yamana Gold by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,747,154 shares of the company’s stock valued at $11,415,000 after buying an additional 51,221 shares in the last quarter. Credit Agricole S A increased its stake in Yamana Gold by 7.2% in the first quarter. Credit Agricole S A now owns 8,536,821 shares of the company’s stock valued at $25,952,000 after buying an additional 570,289 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Yamana Gold by 41.2% in the second quarter. Commonwealth Equity Services Inc now owns 72,267 shares of the company’s stock valued at $376,000 after buying an additional 21,096 shares in the last quarter. Finally, AXA increased its stake in Yamana Gold by 46.1% in the first quarter. AXA now owns 1,091,400 shares of the company’s stock valued at $3,324,000 after buying an additional 344,342 shares in the last quarter. 49.64% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on AUY shares. Barclays PLC lifted their price target on shares of Yamana Gold from $4.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 8th. Credit Suisse Group AG upgraded shares of Yamana Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $4.50 to $6.50 in a report on Thursday, June 30th. Zacks Investment Research upgraded shares of Yamana Gold from a “hold” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Friday, July 8th. TD Securities restated a “buy” rating and set a $7.50 target price (up previously from $7.00) on shares of Yamana Gold in a report on Wednesday, August 3rd. Finally, Dundee Securities upgraded shares of Yamana Gold from a “sell” rating to a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $4.75.

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