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Yamana Gold Inc. (NYSE: AUY): Making Its Way To A Higher Share Price

Yamana Gold Inc. (NYSE:AUY) price on Friday, March 17, rose 5.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.79.

A look at the stock’s price movement, the close in the last trading session was $5.47, moving within a range at $5.54 and $5.81. The beta value (5-Year monthly) was 1.29 while the PE ratio in trailing twelve months stood at 21.44. Turning to its 52-week performance, $6.40 and $3.88 were the 52-week high and 52-week low respectively. Overall, AUY moved 6.04% over the past month.

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Yamana Gold Inc.’s market cap currently stands at around $5.51 billion, with investors looking forward to this quarter’s earnings report slated for Apr 25, 2023 – May 01, 2023. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 2.07%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.06, which has seen fiscal year 2022 EPS growth forecast to increase to $0.28 and about $0.26 for fiscal year 2023. Per the data, EPS growth is expected to be -12.50% for 2023 and -7.10% for the next financial year.

Analysts have a consensus estimate of $462.63 million for the company’s revenue for the quarter, with a low and high estimate of $460.95 million and $464.3 million respectively. The average forecast suggests down to a -8.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.81 billion, representing a -0.50% decline on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AUY is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

AUY’s current price about 9.75% and 2.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.30, while 7-day volatility ratio is 3.34% and 2.65% in the 30-day chart. Further, Yamana Gold Inc. (AUY) has a beta value of 1.19, and an average true range (ATR) of 0.18.

In the market, a comparison of Yamana Gold Inc. (AUY) and its peers suggest the former has performed considerably stronger. Data shows AUY’s intraday price has changed 5.85% in last session and 8.22% over the past year. Comparatively, Kellogg Company (K) has moved -0.35% on the day and only 6.20% in the past 12 months. Looking at another peer, we see that Barrick Gold Corporation (GOLD) price has gained 4.14% on the day. However, the stock is -22.13% off its price a year ago. Moreover, Rio Tinto Group (RIO) is also down -0.09% in trading on the day while keeping a a downtrend of -11.07% over the past year. If we look at the PE ratio, we find that Yamana Gold Inc.’s ratio stands at 21.44 compared to Kellogg Company’s 23.07 and Barrick Gold Corporation’s 75.82. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on Yamana Gold Inc. (NYSE:AUY), historical trading data shows that trading volumes averaged 15.03 million over the past 10 days and 12.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 961.06 million shares.

The 0.20% of Yamana Gold Inc.’s shares are in the hands of company insiders while institutional holders own 60.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.45 million on Jan 30, 2023, giving us a short ratio of 0.48. The data shows that as of Jan 30, 2023 short interest in Yamana Gold Inc. (AUY) stood at 0.67% of shares outstanding, with shares short falling to 11.19 million registered in Dec 29, 2022. Current price change has pushed the stock 4.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AUY stock continues to rise going into the next quarter.

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