Yamana Gold Inc. [AUY] Is Currently -2.74 below its 200 Period Moving Avg: What Does This Mean?

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Yamana Gold Inc. [NYSE: AUY] loss -2.74% on the last trading session, reaching $4.61 price per share at the time. The company report on July 7, 2022 that Yamana Gold Announces Strong Preliminary Second Quarter Operating Results With Exceptional Performance Across Its Core Asset Portfolio Delivering Production Ahead of Plan; Strategic Initiatives at Jacobina and Wasamac Continue to Advance.


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Figure 1.

YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or “the Company”) today announces strong preliminary second quarter operating results, with total gold equivalent ounce (“GEO”)(1) production of 260,960 GEO(1). Gold production during the quarter was 232,542 ounces with silver production of 2.36 million ounces. Canadian Malartic, Jacobina, El Peñón and Cerro Moro all delivered standout quarters. All-in sustaining costs (“AISC”)(2) for the quarter are expected to be less than US$1,090/oz.

Yamana Gold Inc. represents 960.31 million in outstanding shares, while the company has a total market value of $4.48 billion with the latest information. AUY stock price has been found in the range of $4.60 to $4.94.

If compared to the average trading volume of 23.27M shares, AUY reached a trading volume of 15560241 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $7.22 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 2.10. 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 0.25, with the Price to Sales ratio for AUY stock in the period of the last 12 months amounting to 2.44. The Price to Book ratio for the last quarter was 1.00, 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 19.74 with Quick ratio for the last quarter at 1.70.

Trading performance analysis for AUY stock

Yamana Gold Inc. [AUY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.88. With this latest performance, AUY shares dropped by -6.87% in over the last four-week period, additionally plugging by 5.73% over the last 6 months – not to mention a rise of 12.71% 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 43.06, with the RSI for the last a single of trading hit 42.72, and the three-weeks RSI is set at 43.51 for Yamana Gold Inc. [AUY]. The present Moving Average for the last 50 days of trading for this stock 5.04, while it was recorded at 4.72 for the last single week of trading, and 4.76 for the last 200 days.

Yamana Gold Inc. [AUY]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at Yamana Gold Inc. [AUY]

There are presently around $2,251 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 109,403,695, which is approximately 7.528% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 31,360,706 shares of the stock with an approximate value of $144.57 million in AUY stocks shares; and ROYAL BANK OF CANADA, currently with $142.79 million in AUY stock with ownership of nearly 13.252% of the company’s market capitalization.

Positions in Yamana Gold Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 127 institutional holders increased their position in Yamana Gold Inc. [NYSE:AUY] by around 82,300,764 shares. Additionally, 106 investors decreased positions by around 51,286,434 shares, while 73 investors held positions by with 354,773,818 shares. The mentioned changes placed institutional holdings at 488,361,016 shares, according to the latest SEC report filing. AUY stock had 38 new institutional investments in for a total of 32,369,918 shares, while 32 institutional investors sold positions of 5,802,297 shares during the same period.

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