Yamana Gold Inc. (NYSE:AUY) (TSE:YRI) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 9,090,000 shares, a decline of 18.4% from the September 15th total of 11,140,000 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 17,580,000 shares, the days-to-cover ratio is currently 0.5 days.

AUY has been the subject of several research analyst reports. CSFB set a $7.25 price objective on Yamana Gold and gave the company an “outperform” rating in a report on Thursday, October 8th. Scotiabank lifted their target price on Yamana Gold from $5.25 to $5.50 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Raymond James lifted their target price on Yamana Gold from $7.00 to $8.50 and gave the company a “market perform” rating in a research note on Thursday, September 24th. Zacks Investment Research downgraded Yamana Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Finally, Berenberg Bank assumed coverage on Yamana Gold in a research report on Wednesday. They set a “buy” rating and a $7.70 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Yamana Gold presently has a consensus rating of “Hold” and a consensus target price of $6.45.

Shares of NYSE:AUY opened at $5.93 on Friday. Yamana Gold has a 12-month low of $2.23 and a 12-month high of $7.02. The company has a quick ratio of 0.90, a current ratio of 1.20 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.65 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.74. The company’s fifty day moving average is $5.97 and its two-hundred day moving average is $5.38.

Yamana Gold (NYSE:AUY) (TSE:YRI) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. Yamana Gold had a net margin of 18.62% and a return on equity of 4.42%. The business had revenue of $303.40 million for the quarter. Equities research analysts anticipate that Yamana Gold will post 0.25 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a $0.0175 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, September 29th. Yamana Gold’s dividend payout ratio (DPR) is presently 53.85%.

Several hedge funds and other institutional investors have recently bought and sold shares of AUY. Bennicas & Associates Inc. boosted its holdings in Yamana Gold by 24.9% in the third quarter. Bennicas & Associates Inc. now owns 423,325 shares of the basic materials company’s stock worth $2,404,000 after purchasing an additional 84,300 shares in the last quarter. Sicart Associates LLC raised its position in shares of Yamana Gold by 31.1% during the third quarter. Sicart Associates LLC now owns 15,600 shares of the basic materials company’s stock valued at $89,000 after buying an additional 3,700 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Yamana Gold by 51.1% during the third quarter. Avantax Advisory Services Inc. now owns 15,914 shares of the basic materials company’s stock valued at $91,000 after buying an additional 5,382 shares during the last quarter. Brookstone Capital Management raised its position in shares of Yamana Gold by 15.7% during the third quarter. Brookstone Capital Management now owns 13,648 shares of the basic materials company’s stock valued at $78,000 after buying an additional 1,848 shares during the last quarter. Finally, RFG Advisory LLC raised its position in shares of Yamana Gold by 99.3% during the third quarter. RFG Advisory LLC now owns 20,073 shares of the basic materials company’s stock valued at $114,000 after buying an additional 10,000 shares during the last quarter. 48.72% of the stock is currently owned by institutional investors and hedge funds.

About Yamana Gold

Yamana Gold Inc, a precious metals producer, explores for and produces gold and silver ores. Its producing mines comprise the Cerro Moro mine in Argentina, the Canadian Malartic mine in Canada, the El Peñón and Minera Florida mines in Chile, and the Jacobina mine in Brazil. The company was formerly known as Yamana Resources Inc and changed its name to Yamana Gold Inc in July 2003.

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