Why Yamana Gold Inc. (NYSE: AUY) Is A Stock Not To Be Discarded In 2021 – Marketing Sentinel
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Why Yamana Gold Inc. (NYSE: AUY) Is A Stock Not To Be Discarded In 2021

In the last trading session, 11.75 million shares of the Yamana Gold Inc. (NYSE:AUY) were traded, and its beta was 1.52. Most recently the company’s share price was $4.10, and it changed around $0.04 or 0.99% from the last close, which brings the market valuation of the company to $3.94B. AUY currently trades at a discount to its 52-week high of $6.30, offering almost -53.66% off that amount. The share price’s 52-week low was $3.82, which indicates that the current value has risen by an impressive 6.83% since then. We note from Yamana Gold Inc.’s average daily trading volume that its 10-day average is 11.47 million shares, with the 3-month average coming to 13.84 million.

Yamana Gold Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.60. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended AUY as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Yamana Gold Inc. is expected to report earnings per share of $0.02 for the current quarter.

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Yamana Gold Inc. (NYSE:AUY) trade information

Instantly AUY has showed a green trend with a performance of 0.99% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.20 on Friday, 10/08/21 increased the stock’s daily price by 2.38%. The company’s shares are currently down -28.20% year-to-date, but still up 5.40% over the last five days. On the other hand, Yamana Gold Inc. (NYSE:AUY) is -2.84% up in the 30-day period. We can see from the shorts that 20.49 million shares have been sold at a short interest cover period of 1.4 day(s).

The consensus price target as assigned by Wall Street analysts is $6.88, which translates to bulls needing to increase their stock price by 40.41% from its current value. Analyst projections state that AUY is forecast to be at a low of $5.00 and a high of $9.01. In order for the stock price to hit the forecast high, the stock would need to plunge -119.76% from its current level, while the stock would need to crash -21.95% from its current level to reach the projected low.

Yamana Gold Inc. (AUY) estimates and forecasts

Yamana Gold Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.29 percent over the past six months and at a -6.25% annual growth rate that is well below the industry average of 6.80%. The year-over-year growth rate is expected to be 8.60%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $431.81 million in revenue for the current quarter. 1 analysts expect Yamana Gold Inc. to make $480.71 million in revenue for the quarter ending Jun 2018. The company’s sales for the same quarters a year ago were $403.5 million and $428.1 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 7.00%. Forecasts for the next quarter put sales growth at 12.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.20%. Yamana Gold Inc. earnings are expected to increase by -9.90% in 2021, but the outlook is positive 40.04% per year for the next five years.

AUY Dividends

Yamana Gold Inc.’s next quarterly earnings report is expected to be released around October 28 and November 04. The annual dividend yield of the stock is 2.93 percent and its annual dividend per share was 0.12. It is important to note, however, that the 2.93% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.92 per year.

Yamana Gold Inc. (NYSE:AUY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.36% of Yamana Gold Inc. shares, and 50.32% of them are in the hands of institutional investors. The stock currently has a share float of 50.50%. Yamana Gold Inc. stock is held by 487 institutions, with Van Eck Associates Corporation being the largest institutional investor. By Jun 29, 2021, it held 11.67% of the shares, which is about 112.81 million shares worth $476.08 million.

Vanguard Group, Inc. (The), with 3.04% or 29.38 million shares worth $123.98 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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VanEck Vectors ETF Tr-Junior Gold Miners ETF and VanEck Vectors ETF Tr-Gold Miners ETF were the top two Mutual Funds as of Jun 29, 2021. The former held 49.91 million shares worth $210.61 million, making up 5.16% of all outstanding shares. On the other hand, VanEck Vectors ETF Tr-Gold Miners ETF held roughly 48.77 million shares worth around $205.83 million, which represents about 5.05% of the total shares outstanding.

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