Yamana Gold (AUY) has risen sharply, recording gains of 21.12% in the past 4 weeks. However, the stock has corrected -0.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 16.05% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 9.79% and the 50-Day Moving Average is 18.62%.
Yamana Gold (NYSE:AUY): The stock opened at $5.81 on Friday but the bulls could not build on the opening and the stock topped out at $5.94 for the day. The stock traded down to $5.80 during the day, due to lack of any buying support eventually closed down at $5.85 with a loss of -0.51% for the day. The stock had closed at $5.88 on the previous day. The total traded volume was 5,179,060 shares.
The company Insiders own 2.7% of Yamana Gold shares according to the proxy statements. Institutional Investors own 47.81% of Yamana Gold 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.