Yamana Gold Inc. [NYSE: AUY] slipped around -0.04 points on Monday, while shares priced at $5.07 at the close of the session, down -0.78%. The company report on June 14, 2021 that Yamana Gold Provides Timing for Update on Feasibility Study and Development Decision on Wasamac Project; Announces Acquisition of Properties Adjoining the Company’s Wasamac Project in Abitibi-Témiscamingue Region Which Represent Structural Extensions of Gold Mineralization and Add Significant Exploration Upside.
YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: AUY) (“Yamana” or “the Company”) is pleased to announce that it has agreed to acquire from Globex Mining Enterprises Inc. the Francoeur, Arntfield and Lac Fortune gold properties adjoining the Company’s Wasamac project as well as additional claims in the Beuchastel township to the east of the Wasamac project.
The acquisition of the Globex claims will significantly add to the exploration upside of the Wasamac project, and it is consistent with Yamana’s strategy to expand its presence in the Abitibi-Témiscamingue Region of Quebec. Historical drilling, previous production from Francoeur and Arntfield, both former operating mines, and recent trenching and exploration work by Globex has defined a six-kilometre western continuation of the Wasa shear — located immediately north of the prolific Cadillac Break — with mineralization similar to that at Wasamac. Data from the Globex properties and the adjoining Wasamac project will be consolidated, and exploration drilling is expected to begin during the second half of 2021 with the objective of adding mineral resources that could extend mine life or enhance production at the proposed Wasamac mine.
Yamana Gold Inc. stock is now -11.21% down from its year-to-date (YTD) trading value. AUY Stock saw the intraday high of $5.12 and lowest of $5.02 per share. The company’s 52-week high price is 7.02, which means current price is +27.07% above from all time high which was touched on 01/05/21.
Compared to the average trading volume of 10.23M shares, AUY reached a trading volume of 7373564 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Yamana Gold Inc. [AUY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AUY shares is $3.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AUY stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Yamana Gold Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 06, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $8.25 to $9. The new note on the price target was released on November 16, 2020, representing the official price target for Yamana Gold Inc. stock.
The Average True Range (ATR) for Yamana Gold Inc. is set at 0.14, with the Price to Sales ratio for AUY stock in the period of the last 12 months amounting to 3.01. The Price to Book ratio for the last quarter was 1.11.
How has AUY stock performed recently?
Yamana Gold Inc. [AUY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.87. With this latest performance, AUY shares gained by 2.01% in over the last four-week period, additionally sinking by -9.79% over the last 6 months – not to mention a rise of 3.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AUY stock in for the last two-week period is set at 48.52, with the RSI for the last a single of trading hit 44.36, and the three-weeks RSI is set at 50.79 for Yamana Gold Inc. [AUY]. The present Moving Average for the last 50 days of trading for this stock 4.95, while it was recorded at 5.12 for the last single week of trading, and 5.23 for the last 200 days.
Yamana Gold Inc. [AUY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Yamana Gold Inc. [AUY] shares currently have an operating margin of +27.86 and a Gross Margin at +33.81. Yamana Gold Inc.’s Net Margin is presently recorded at +13.04.
Return on Total Capital for AUY is now 7.89, given the latest momentum, and Return on Invested Capital for the company is 4.02. Return on Equity for this stock inclined to 4.98, with Return on Assets sitting at 2.74. When it comes to the capital structure of this company, Yamana Gold Inc. [AUY] has a Total Debt to Total Equity ratio set at 23.68. Additionally, AUY Total Debt to Total Capital is recorded at 19.14, with Total Debt to Total Assets ending up at 12.22. Long-Term Debt to Equity for the company is recorded at 23.38, with the Long-Term Debt to Total Capital now at 18.90.
Receivables Turnover for the company is 429.06 with a Total Asset Turnover recorded at a value of 0.21.
Earnings analysis for Yamana Gold Inc. [AUY]
With the latest financial reports released by the company, Yamana Gold Inc. posted -0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AUY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Yamana Gold Inc. go to 40.04%.
Insider trade positions for Yamana Gold Inc. [AUY]
There are presently around $2,106 million, or 52.91% of AUY stock, in the hands of institutional investors. The top three institutional holders of AUY stocks are: VAN ECK ASSOCIATES CORP with ownership of 108,450,136, which is approximately -7.016% of the company’s market cap and around 0.36% of the total institutional ownership; VANGUARD GROUP INC, holding 29,105,127 shares of the stock with an approximate value of $147.56 million in AUY stocks shares; and AMERIPRISE FINANCIAL INC, currently with $123.64 million in AUY stock with ownership of nearly 91.193% of the company’s market capitalization.
Positions in Yamana Gold Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 131 institutional holders increased their position in Yamana Gold Inc. [NYSE:AUY] by around 50,944,144 shares. Additionally, 133 investors decreased positions by around 83,961,118 shares, while 54 investors held positions by with 280,432,351 shares. The mentioned changes placed institutional holdings at 415,337,613 shares, according to the latest SEC report filing. AUY stock had 42 new institutional investments in for a total of 7,937,381 shares, while 51 institutional investors sold positions of 42,242,183 shares during the same period.