Yamana Gold (NYSE:AUY) has tumbled 3.21% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.33% in the last four weeks. The stocks have underperformed the S&P 500 by 2.05% during the past week but Yamana Gold (NYSE:AUY) it has outperformed the index in 4 weeks by 1.4%.
Yamana Gold (NYSE:AUY): The stock opened at $5.05 on Friday but the bulls could not build on the opening and the stock topped out at $5.05 for the day. The stock traded down to $4.77 during the day, due to lack of any buying support eventually closed down at $4.83 with a loss of -2.23% for the day. The stock had closed at $4.94 on the previous day. The total traded volume was 55,395,989 shares.
The company shares have rallied 50.94% from its 1 Year high price. On Jun 16, 2016, the shares registered one year high at $5.38 and the one year low was seen on Jan 19, 2016. The 50-Day Moving Average price is $4.69 and the 200 Day Moving Average price is recorded at $3.16.
Many analysts have stated their opinion on the company shares. BMO Capital upgrades their rating on the shares of Yamana Gold (NYSE:AUY). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 2.7% of Yamana Gold shares according to the proxy statements. Institutional Investors own 47.97% of Yamana Gold shares.
Yamana Gold Inc. is a Canada-based gold producer. The Company is engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Companys production mines include Chapada, Brazil; El Penon, Chile; Canadian Malartic, Canada; Mercedes, Mexico; Gualcamayo, Argentina; Jacobina, Brazil; Minera Florida, Chile, and Other Producing Mines. Its development properties include Cerro Moro, Agua Rica and Suyai in Argentina. The Company has a total gold proven and probable mineral resource of around 18.750 million tons at Alumbrera, 126.95 million tons at Canadian Malartic, 509.15 million tons at Chapada, 1.96 million tons at Cerro Morro, 10.41 million tons at El Penon, 29.16 million tons at Gualcamayo, 22.85 million tons at Jacobina, 8.68 million tons at Jeronimo, 4.01 million tons at Mercedes, 7.89 million tons at Minera Florida, 24.03 million tons at C1-Santa Luz, 2.05 million tons at Fazenda Brasileiro and 10.58 million tons at Pilar.