why Yamana Gold Inc. [AUY] is a Good Choice for Investors After New Price Target of $6.42

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Yamana Gold Inc. [NYSE: AUY] closed the trading session at $5.43 on 05/06/22. The day’s price range saw the stock hit a low of $5.335, while the highest price level was $5.48. The company report on April 28, 2022 that Yamana Gold Announces Voting Results From Annual Meeting of Shareholders.

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YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or “the Company”) herein announces the results of the votes held at the annual meeting of shareholders for the election of directors, the appointment of auditors and the advisory resolution on executive compensation. Detailed results of the votes are presented below.

Voting results for the election of directors are as follows:.

The stocks have a year to date performance of 28.67 percent and weekly performance of -1.45 percent. The stock has been moved at 35.07 percent over the last six months. The stock has performed -4.90 percent around the most recent 30 days and changed 36.09 percent over the most recent 3-months.

If compared to the average trading volume of 21.06M shares, AUY reached to a volume of 20837587 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $6.42 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 2.30. 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.

BofA Securities have made an estimate for Yamana Gold Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 22, 2021. The new note on the price target was released on August 04, 2021, representing the official price target for Yamana Gold Inc. stock. Previously, the target price had yet another raise to $5.50, while Barclays analysts kept a Equal Weight rating on AUY stock. On November 16, 2020, analysts increased their price target for AUY shares from 8.25 to 9.

The Average True Range (ATR) for Yamana Gold Inc. is set at 0.24, with the Price to Sales ratio for AUY stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for AUY in the course of the last twelve months was 23.22 with Quick ratio for the last quarter at 1.70.

AUY stock trade performance evaluation

Yamana Gold Inc. [AUY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.45. With this latest performance, AUY shares dropped by -4.90% in over the last four-week period, additionally plugging by 35.07% over the last 6 months – not to mention a rise of 6.89% 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 44.44, with the RSI for the last a single of trading hit 41.59, and the three-weeks RSI is set at 47.47 for Yamana Gold Inc. [AUY]. The present Moving Average for the last 50 days of trading for this stock 5.58, while it was recorded at 5.45 for the last single week of trading, and 4.55 for the last 200 days.

Yamana Gold Inc. [AUY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Yamana Gold Inc. [AUY] shares currently have an operating margin of +29.92 and a Gross Margin at +34.54. Yamana Gold Inc.’s Net Margin is presently recorded at +8.12.

Return on Equity for this stock inclined to 3.34, with Return on Assets sitting at 1.73.

Yamana Gold Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.10.

Yamana Gold Inc. [AUY]: Insider Ownership positions

There are presently around $2,447 million, or 60.70% 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 101,744,830, which is approximately -6.653% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 30,744,657 shares of the stock with an approximate value of $166.94 million in AUY stocks shares; and AMERIPRISE FINANCIAL INC, currently with $148.72 million in AUY stock with ownership of nearly 0.43% 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 109 institutional holders increased their position in Yamana Gold Inc. [NYSE:AUY] by around 77,622,710 shares. Additionally, 122 investors decreased positions by around 49,647,505 shares, while 74 investors held positions by with 323,389,798 shares. The mentioned changes placed institutional holdings at 450,660,013 shares, according to the latest SEC report filing. AUY stock had 44 new institutional investments in for a total of 11,669,953 shares, while 33 institutional investors sold positions of 9,637,509 shares during the same period.