Market Analysts see Yamana Gold Inc. [AUY] gaining to $6. Time to buy?

Yamana Gold Inc. [NYSE: AUY] loss -3.64% or -0.18 points to close at $4.76 with a heavy trading volume of 16059859 shares. The company report on August 2, 2022 that Sprott Launches First ESG Gold ETF (“SESG”).

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Key Partners Include Agnico Eagle Mines and Yamana Gold.

Sprott Asset Management LP (“Sprott”), a wholly-owned subsidiary of Sprott Inc. (NYSE/TSX: SII), today announced the launch of the Sprott ESG Gold ETF (NYSE Arca: SESG) (“SESG”), the world’s first ETF to exclusively source and refine gold from globally recognized mining leaders in ESG based on special criteria developed by Sprott. The new ETF will begin trading on the New York Stock Exchange Arca on August 2, 2022.

It opened the trading session at $4.91, the shares rose to $5.01 and dropped to $4.72, the range by which the price of stock traded the whole day. The daily chart for AUY points out that the company has recorded -4.23% loss over the past six months. However, it is still -28.65% lower than its most recent low trading price.

If we look at the average trading volume of 19.99M shares, AUY reached to a volume of 16059859 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 $6.68 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 2.20. 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 0.18, with the Price to Sales ratio for AUY stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for AUY in the course of the last twelve months was 20.70 with Quick ratio for the last quarter at 1.50.

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 1.06. With this latest performance, AUY shares gained by 0.21% in over the last four-week period, additionally sinking by -4.23% over the last 6 months – not to mention a rise of 10.96% 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 45.18, with the RSI for the last a single of trading hit 42.28, and the three-weeks RSI is set at 46.33 for Yamana Gold Inc. [AUY]. The present Moving Average for the last 50 days of trading for this stock 4.82, while it was recorded at 4.82 for the last single week of trading, and 4.85 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Yamana Gold Inc. [AUY] shares currently have an operating margin of +29.10 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 1.50 and a Current Ratio set at 2.00.

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

There are presently around $2,552 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 112,760,666, which is approximately 3.068% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 31,747,958 shares of the stock with an approximate value of $151.12 million in AUY stocks shares; and ROYAL BANK OF CANADA, currently with $140.95 million in AUY stock with ownership of nearly -4.4% 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 138 institutional holders increased their position in Yamana Gold Inc. [NYSE:AUY] by around 124,369,278 shares. Additionally, 131 investors decreased positions by around 84,132,452 shares, while 65 investors held positions by with 327,649,845 shares. The mentioned changes placed institutional holdings at 536,151,575 shares, according to the latest SEC report filing. AUY stock had 61 new institutional investments in for a total of 66,091,237 shares, while 41 institutional investors sold positions of 12,118,626 shares during the same period.


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