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Yamana Gold Inc. (AUY) Slumps -3.92%, A Loss For Bears

Yamana Gold Inc. (NYSE:AUY) has a beta value of 1.20 and has seen 13.15 million shares traded in the last trading session. The company, currently valued…

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This article was originally published by The Marketing Sentinal

Yamana Gold Inc. (NYSE:AUY) has a beta value of 1.20 and has seen 13.15 million shares traded in the last trading session. The company, currently valued at $4.83B, closed the last trade at $5.15 per share which meant it lost -$0.21 on the day or -3.92% during that session. The AUY stock price is -24.27% off its 52-week high price of $6.40 and 24.66% above the 52-week low of $3.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.72 million shares traded. The 3-month trading volume is 12.24 million shares.

Yamana Gold Inc. (NYSE:AUY) trade information

Sporting -3.92% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 03/07/23 when the AUY stock price touched $5.15 or saw a rise of 4.81%. Year-to-date, Yamana Gold Inc. shares have moved -7.21%, while the 5-day performance has seen it change 0.98%. Over the past 30 days, the shares of Yamana Gold Inc. (NYSE:AUY) have changed -9.97%. Short interest in the company has seen 6.45 million shares shorted with days to cover at 0.48.

Yamana Gold Inc. (AUY) estimates and forecasts

Figures show that Yamana Gold Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 15.73% over the past 6 months, with this year growth rate of -15.63%, compared to 8.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -40.00% and -33.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -0.50%.

2 analysts offering their estimates for the company have set an average revenue estimate of $462.63 million for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.10% over the past 5 years.

AUY Dividends

Yamana Gold Inc. is expected to release its next earnings report between April 25 and May 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 2.33%. The company’s dividend yield has gone up over the past 12 months.

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

Insiders own 0.37% of the company shares, while shares held by institutions stand at 65.18% with a share float percentage of 65.42%. Investors are also buoyed by the number of investors in a company, with Yamana Gold Inc. having a total of 441 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 99.29 million shares worth more than $551.08 million. As of Dec 30, 2022, Van Eck Associates Corporation held 10.33% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 32.73 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $148.26 million and represent 3.41% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Dec 30, 2022, the former fund manager holds about 5.18% shares in the company for having 49.81 million shares of worth $276.43 million while later fund manager owns 40.45 million shares of worth $224.52 million as of Dec 30, 2022, which makes it owner of about 4.21% of company’s outstanding stock.

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