Yamana Gold (AUY): Price Target and June Short Interest Disclosure

Yamana Gold (AUY) stock is expected to deviate a maximum of $1.66 from the average target price of $4.57 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $3.

Yamana Gold (AUY) reported a drop of 20.2% or 5,252,708 shares in its short interest. The short figure came in at 2.2% of the total floats. The average daily volume of 17,893,272 shares suggests that the days to cover 20,690,263 short positions, as on June 30,2016, will be 1. On June 15,2016, the short interest was 25,942,971 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Credit Suisse upgrades its view on Yamana Gold (NYSE:AUY) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 30, 2016.


Yamana Gold (NYSE:AUY): On Thursdays trading session , Opening price of the stock was $5.76 with an intraday high of $5.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.71. However, the stock managed to close at $5.88, a loss of 0.34% for the day. On the previous day, the stock had closed at $5.9. The total traded volume of the day was 10,711,089 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.

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