Growth Story Still Intact For Yamana Gold Inc. (AUY)


    Fidelity Management & Research Co.. has recently announced that it has increased stake in Yamana Gold Inc. (NYSE:AUY) by 58.71%. After grabbing 18.36 million shares, the institutional investor is now in possession of 6.79 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 1.93% having worth around $119.53 million. Moreover, Connor, Clark & Lunn Investment M.. increased its share by 1.39 million to have a control over 15.35 million shares. And Arrowstreet Capital LP raised its holdings to 2.28 million shares by acquiring 14.86 million shares or 1.56% of the stake.

    Yamana Gold Inc. (AUY) concluded trading on 08/27/20 at a closing price of $5.88, with 19.58 million shares of worth about $115.13 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -4.23% during that period and on Thursday the price saw a loss of about -4.55%. Currently the company’s common shares owned by public are about 951.66M shares, out of which, 947.50M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the AUY stock and their offered price forecasts bring an average price target of $7.13. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.50 and could fall to a lowest price of $4.50. Analysts also issued an outlook of 2.60 for the Yamana Gold Inc. stock for next 12 months. The stock’s current price level is -50.0% below of average price target set by the analysts, while a dip to estimated low would result in loss of -30.67 for the stock. However, touching the estimated high of $8.50 would mean a gain of 30.82% for the stock.

    VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and DFA International Small Cap Value are the top 3 mutual funds which are holding stakes in Yamana Gold Inc. VanEck Vectors – Gold Miners ETF is currently holding 51.34 million shares of worth totaling $334.19 million. The company recently came buying 0.16 million shares which brought its stake up to 5.39% of the company’s outstanding shares. VanEck Vectors – Junior Gold Mine bought 0.57 million shares, after which its hold over company’s outstanding shares expand to 4.56%, leaving 43.4 million shares with the mutual fund that have a worth of about $282.52 million. DFA International Small Cap Value, after buying 19.99 million shares, have now control over 2.10% of the stake in the company. It holds 0.0 shares of worth $130.11 million.

    Yamana Gold Inc. (NYSE: AUY) started trading at $6.20, above $0.04 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $5.88, or with a loss of -4.55%. Stock saw a price change of -4.23% in past 5 days and over the past one month there was a price change of -11.58%. Year-to-date (YTD), AUY shares are showing a performance of 48.86% which increased to 58.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.23 but also hit the highest price of $7.02 during that period. While comparing its average daily trading volume of 18.84 million shares, we see that about 19.58 million changed hands on the day. The stock is currently trading -5.67% below its 20-day simple moving average (SMA20), while that difference is up 0.90% for SMA50 and it goes to 30.50% higher than SMA200.

    Fidelity Management & Research Co.. acquired 18.36 million shares of Yamana Gold Inc. having value of about $119.53 million. Data submitted at the U.S SEC by Fidelity Management & Research Co.. revealed that the firm now holds 6.79 million shares in the company valued at close to $39935307.72, or have control over 58.71% stake in the company. Yamana Gold Inc. (NYSE: AUY) currently have 951.66M outstanding shares and institutions hold larger chunk of about 56.30% of that. Holding of mutual funds in the company is about 10.06% while other institutional holders and individual stake holders have control over 44.15% and — of the stake respectively.

    The stock has a current market capitalization of $5.60B. PE ratio of stock for trailing 12 months is 21.46, while it has posted earnings per share of $0.27 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AUY, volatility over the week remained 4.60% while standing at 4.43% over the month.

    Analysts are in expectations that Yamana Gold Inc. (AUY) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.04 and it is $0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 50.00% while it is estimated to increase by 58.30% in next year. EPS is likely to grow at an annualized rate of 40.04% for next 5-years, compared to annual growth of -27.04% made by the stock over the past 5-years.

    Analysts at 15 brokerage firms have issued recommendations for the Yamana Gold Inc. (AUY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 15 Wall Street analysts, 7 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on April 16, 2020 offering a Sector outperform rating for the stock and assigned a target price of to it. Coverage by RBC Capital Mkts stated Yamana Gold Inc. (AUY) stock as a Sector perform in their note to investors on December 05, 2019, suggesting a price target of for the stock. On October 14, 2019, Credit Suisse Resumed their recommendations, while on June 28, 2019, National Bank Financial Upgrade their ratings for the stock with a price target of. Stock get a Sector perform rating from RBC Capital Mkts on April 26, 2019.


    Please enter your comment!
    Please enter your name here