Saturday, June 25, 2022

Taking a Closer Look At Yamana Gold Inc. (AUY) Following Its Recent Trade

BofA Securities upgraded its Yamana Gold Inc. [AUY] rating to a Buy from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of 15.0 to its Tuesday closing price. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in early August from “a Sector perform” to “an Outperform”. Barclays also remained covering AUY and has increased its forecast on January 06, 2021 with a “an Equal weight” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on November 16, 2020. It rated AUY as “an Outperform” which previously was an “a Market perform”.


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Price Performance Review of AUY

On Tuesday, Yamana Gold Inc. [NYSE:AUY] saw its stock fall -1.54% to $5.10. On the same session, the stock had its day’s lowest price of $5.06, but rose to a high of $5.19. Over the last five days, the stock has lost -2.67%. Yamana Gold Inc. shares have risen nearly 20.85% since the year began. Nevertheless, the stocks have risen 15.12% over the past one year. While a 52-week high of $6.40 was reached on 04/18/22, a 52-week low of $3.70 was recorded on 01/10/22. SMA at 50 days reached $5.47, while 200 days put it at $4.69. A total of 29.2 million shares were traded, compared to the trading of 27.31 million shares in the previous session.

Levels Of Support And Resistance For AUY Stock

The 24-hour chart illustrates a support level at 5.04, which if violated will result in even more drops to 4.99. On the upside, there is a resistance level at 5.17. A further resistance level may holdings at 5.25. The Relative Strength Index (RSI) on the 14-day chart is 42.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.32%. Stochastics %K at 19.30% indicates the stock is a buying.

How much short interest is there in Yamana Gold Inc.?

A steep rise in short interest was recorded in Yamana Gold Inc. stocks on Apr 28, 2022, growing by 4.11 million shares to a total of 13.76 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 9.65 million shares. There was a rise of 29.87%, which implies that there is a positive sentiment for the stock.

Yamana Gold Inc. [AUY] – Who Are The Largest Shareholders?

In filings from Van Eck Associates Corp., it is revealed that the company now owns 109,403,695 shares, or roughly 11.38% of the outstanding AUY shares. In other words, the investor’s shares have risen by 7,658,865 from its previous 13-F filing of 101744830.0. Additionally, RBC Global Asset Management, Inc. increased 17.08% of its stake after which the total value it holdings stand at $155,248,954, while The Vanguard Group, Inc. reduced -5.98% of its stake to hold $125.39 million in the firm. Over the last quarter, Two Sigma Investments LP purchased 2,791,470 shares of Yamana Gold Inc., while Two Sigma Advisers LP bought 2,765,500 shares. At present, Renaissance Technologies LLC is holding 18,245,781 shares valued at $97.8 million. Mackenzie Financial Corp. owned 15,438,174 shares of the company at the time of its most recent 13F filing, worth $82.75 million.

According to FactSet, Yamana Gold Inc.’s share price will average $7.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 39.96 percent from its previous closing price of $5.18. Analysts expect Yamana Gold Inc. stock to reach the higher price of $8.74, while the lowest price estimate is $5.61. However, 13 analysts have rated AUY stock as an Overweight in their predictions for 2022.

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