Yamana Gold Inc. (NYSE: AUY) dip is a big Buy opportunity

Yamana Gold Inc. (NYSE: AUY) is 6.13% higher on its value in year-to-date trading and has touched a low of $2.23 and a high of $7.02 in the current 52-week trading range. The AUY stock was last observed hovering at around $6.06 in the last trading session, with the day’s loss setting it -0.24% off its average median price target of $8.05 for the next 12 months. It is also 41.8% off the consensus price target high of $10.00 offered by 16 analysts, but current levels are -5.82% lower than the price target low of $5.50 for the same period.

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Currently trading at $5.82, the stock is 2.28% and 4.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.04 million and changing -3.88% at the moment leaves the stock 7.75% off its SMA200. AUY registered 54.20% gain for a year compared to 6-month loss of 8.99%. The firm has a 50-day simple moving average (SMA 50) of $5.55 and a 200-day simple moving average (SMA200) of $5.79.

The stock witnessed a 10.18% gain in the last 1 month and extending the period to 3 months gives it a 8.02%, and is 7.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 3.72% over the month.

Yamana Gold Inc. (AUY) has around 5091 employees, a market worth around $5.77B and $1.48B in sales. Current P/E ratio is 50.08 and Fwd P/E is 31.89. Distance from 52-week low is 161.21% and -17.02% from its 52-week high.

Yamana Gold Inc. (AUY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Yamana Gold Inc. (AUY) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.60, where 6 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Yamana Gold Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $431.81M over the same period.The EPS is expected to grow by 50.00% this year, but quarterly earnings will post 8.60% year-over-year. Quarterly sales are estimated to grow 7.00% in year-over-year returns.

Yamana Gold Inc. (AUY) Top Institutional Holders

468 institutions hold shares in Yamana Gold Inc. (AUY), with 3.08M shares held by insiders accounting for 0.32% while institutional investors hold 53.94% of the company’s shares. The shares outstanding are 952.62M, and float is at 948.63M with Short Float at 0.99%. Institutions hold 53.77% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 107.66 million shares valued at $611.5 million. The investor’s holdings represent 11.30% of the AUY Shares outstanding. As of Sep 29, 2020, the second largest holder is Boston Partners with 42.69 million shares valued at $242.48 million to account for 4.48% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 27.83 million shares representing 2.92% and valued at over $158.09 million, while Vanguard Group, Inc. (The) holds 2.92% of the shares totaling 27.81 million with a market value of $157.94 million.

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Yamana Gold Inc. (AUY): Who are the competitors?

The company’s main competitors (and peers) include Kellogg Company (K) that is trading -10.89% down over the past 12 months. Rio Tinto Group (RIO) is 41.81% up on the 1-year trading charts. Short interest in the company’s stock has fallen -4.25% from the last report on Nov 12, 2020 to stand at a total of 9.82 million short shares sold with a short interest ratio of 0.71.

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