Large Outflow of Money Witnessed in Yamana Gold

Yamana Gold (AUY) : The total negative money flow of $1.63 million on Wednesday indicates selling on strength. The inflow of money on upticks was $9.47 million, compared to $11.1 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.85. The negative money flow of $0.15 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.05 million in a block trade.The transaction value of block trade on downtick was $0.89 million. The uptick to downtick ratio was 1.17. The price action in the Yamana Gold (AUY) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $4.38 with a gain of $0.06 , a change of 1.39% over the previous days close. The stock registered -2.56% for the week.


Yamana Gold, Inc. has dropped 7.47% in the last five trading days, however, the shares have posted positive gains of 0.22% in the last 4 weeks. Yamana Gold, Inc. has dropped 14.56% during the last 3-month period . Year-to-Date the stock performance stands at 140.44%.

Yamana Gold (AUY) : 3 brokerage houses believe that Yamana Gold (AUY) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Yamana Gold (AUY). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.3.

Yamana Gold (NYSE:AUY): The stock opened at $4.35 and touched an intraday high of $4.52 on Wednesday. During the day, the stock corrected to an intraday low of $4.25, however, the bulls stepped in and pushed the price higher to close in the green at $4.46 with a gain of 3.36% for the day. The total traded volume for the day was 15,390,696. The stock had closed at $4.32 in the previous trading session.

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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