This trade activity should not be overlooked: Yamana Gold Inc. (AUY)

Yamana Gold Inc. (NYSE: AUY) stock jumped 1.42% on Friday to $4.28 against a previous-day closing price of $4.22. With 12.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 15.94 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $4.4400 whereas the lowest price it dropped to was $4.1800. The 52-week range on AUY shows that it touched its highest point at $6.40 and its lowest point at $3.70 during that stretch. It currently has a 1-year price target of $6.60. With its current market cap of 4.22 billion, AUY has annualized dividend of $0.12 while the current yield stands at 2.80%. Beta for the stock currently stands at 1.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AUY was down-trending over the past week, with a drop of -3.60%, but this was down by -9.51% over a month. Three-month performance dropped to -13.54% while six-month performance fell -22.46%. The stock gained 4.90% in the past year, while it has gained 1.42% so far this year. A look at the trailing 12-month EPS for AUY yields 0.28 with Next year EPS estimates of 0.23. For the next quarter, that number is 0.06. This implies an EPS growth rate of -28.40% for this year and -23.30% for next year.

Float and Shares Shorts:

At present, 961.06 million AUY shares are outstanding with a float of 957.54 million shares on hand for trading. On Jul 14, 2022, short shares totaled 21.24 million, which was 2.21% higher than short shares on Jun 14, 2022. In addition to Mr. Peter J. Marrone LL.B. as the firm’s Exec. Chairman, Mr. Daniel Racine Ing., P.Eng serves as its Pres, CEO & Director.


Institutional Ownership:

Through their ownership of 58.46% of AUY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.56% of AUY, in contrast to 16.73% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AUY with 11.73% of the stake, Van Eck Associates Corp. holds 112,760,666 shares worth 112,760,666. A second-largest stockholder of AUY, RBC Global Asset Management, Inc., holds 27,662,585 shares, controlling over 2.88% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in AUY, holding 23,456,556 shares or 2.44% stake. With a 5.39% stake in AUY, the VanEck Gold Miners ETF is the largest stakeholder. A total of 51,760,781 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.35% of AUY stock, is the second-largest Mutual Fund holder. It holds 41,764,675 shares valued at 184.18 million. DFA International Small Cap Value holds 1.36% of the stake in AUY, owning 13,020,138 shares worth 57.42 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AUY since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AUY analysts setting a high price target of $8.20 and a low target of $5.54, the average target price over the next 12 months is $6.68. Based on these targets, AUY could surge 91.59% to reach the target high and rise by 29.44% to reach the target low. Reaching the average price target will result in a growth of 56.07% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AUY will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $0.36 being high and $0.26 being low. For AUY, this leads to a yearly average estimate of $0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Yamana Gold Inc. surprised analysts by $0.02 when it reported $0.09 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.06.

Summary of Insider Activity:

Insiders traded AUY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 107 while that of sell transactions has risen to 89 over the past year. The total number of shares bought during that period was 5,485,404 while 4,478,734 shares were sold.

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