|Bid||3.7100 x 0|
|Ask||3.7200 x 0|
|Day's Range||3.6400 - 3.8300|
|52 Week Range||2.4100 - 4.2000|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.03 (0.69%)|
|1y Target Est||N/A|
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are...
(Bloomberg) -- Until this month, gold held claim to the title of being one of the most boring asset classes. Prices barely budged and popularity was fading.Now that’s all changed. Over the past few weeks, a clear bull case has started to emerge. A key resistance level has broken. Investors are pouring money into exchange-traded funds. The dollar is weakening and the U.S. Federal Reserve seems to be charting a path to cut interest rates. Meanwhile, China is on a buying spree to stock up reserves.“It has been a long wait,” said Mark O’Byrne, research director at GoldCore Ltd. “Gold has finally broken out, we nearly touched $1,400.”Gold futures for August delivery rose 3.6% Thursday to the highest for a most-active contract since September 2013, and settled at $1,396.90 an ounce at 1:35 p.m. on the Comex in New York.Here are four charts that show why gold’s back in the spotlight:The FedAlthough gold has gathered some momentum in the past few weeks, it was the Fed’s comments Wednesday that triggered the latest spike. While the central bank left its key rate unchanged, it abandoned a reference to being “patient” on borrowing costs. Lower rates boost the appeal of non-interest-bearing assets like gold.More: Powell Opens Door to July Rate Cut Amid Trump UncertaintyOther central banks around the world are also adopting a more dovish tone, with European Central Bank President Mario Draghi saying earlier this week that additional stimulus may be needed if the economic outlook doesn’t improve.Possible BreakoutAfter years of bumping up against the $1,350 an ounce level, gold may finally be succeeding in a breakout. The metal has breached a five-year resistance line in a dramatic surge that brought it within spitting distance of $1,400 an ounce.More: Powell Put Is Finally Taking Gold Off Its Leash: David FicklingGold rallied alongside both haven and risk assets, underlining the shock impact of the Fed’s dovish statement and weaker dollar. While a pullback is possible when the dollar recovers, it will most likely be short and shallow, according to O’Byrne. Citigroup Inc. analysts said a gold price target of $1,500 seems “reasonable.”“Bond markets have been telling us for a while that things are not right -- economic data has confirmed it -- and now gold has given the negative view of the economy a 24-carat seal of approval,” said Ross Norman, chief executive officer of gold brokerage Sharps Pixley Ltd.ETF SwellInvestors are pouring money into gold-backed ETFs again, following four months of outflows. Holdings tracked by Bloomberg have already seen the biggest monthly increase since January.Bullion producers are also catching an uplift. The $10 billion VanEck Vectors Gold Miners ETF, which tracks shares of gold mining companies, jumped to the highest in more than a year on Thursday. And a separate gauge of senior gold producers including Yamana Gold Inc. and Barrick Gold Corp. rallied to the highest since November 2016.Central Bank BuyingIn another bullish signal for gold, central banks are continuing to buy the metal as countries diversify their assets away from the U.S. dollar. China increased its reserves for a sixth straight month in May.More: As Tensions Escalate, China Snaps Up Gold in Six-Month SpreeOther countries have also been buying -- first-quarter purchases were the highest in six years, with Russia and China the largest buyers, according to the World Gold Council.\--With assistance from Eddie van der Walt, Justina Vasquez and Joe Richter.To contact the reporters on this story: Elena Mazneva in London at firstname.lastname@example.org;Ranjeetha Pakiam in Singapore at email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Liezel Hill, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Yamana Gold Inc NYSE:AUYView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for AUY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AUY. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold AUY had net inflows of $516 million over the last one-month. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Is Yamana Gold Inc. (NYSE:AUY) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]
While small-cap stocks, such as Yamana Gold Inc. (TSE:YRI) with its market cap of CA$2.4b, are popular for their...
Commodity prices hurt this mining company's top line, but that alone doesn't suggest the company failed to shine brightly last quarter.
Shares of Yamana Gold Inc. (AUY) were 0.46% lower at $2.15 in after-hours trading on Wednesday. Revenue came in at $407.1 million, down 10.5% from the prior-year quarter and missing consensus estimates by $7.4 million as a result of lower metal prices. The average realized gold price declined 2% to $1,301 per ounce, the average realized silver price fell 8.3% to $15.52 per ounce and the average realized price of copper dropped 7% to $2.91 per pound.
The Toronto-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 3 cents per share. The results topped Wall Street expectations. ...
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
Yamana Gold: What to Expect from Its Q1 Results(Continued from Prior Part)Analysts’ sentimentAmong senior and intermediate gold miners (GDX) (GDXJ), Yamana Gold (AUY) is third based on the highest “buy” ratings from the analysts. Yamana
Yamana Gold: What to Expect from Its Q1 ResultsYamana GoldYamana Gold (AUY) is scheduled to release its first-quarter results on May 1 after the market closes. The company will hold a conference call on May 2. Analysts expect Yamana Gold’s
Management believes the company will shine brightly in 2019. Will the first quarter indicate that the company is on its way to making that vision a reality?
A look at the shareholders of Yamana Gold Inc. (TSE:YRI) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies...
Shares of Yamana Gold Inc. (AUY) fell 2.73% to $2.49 per share on Monday after the Canadian miner announced it agreed to sell its Chapada open-pit, gold-copper mine in Brazil to L undin Mining Corp. (LUN.TO) for more than $1 billion. While the sale of Chapada, one of the company's main assets, will shrink total equivalent gold production by 12% to 15%, shareholders will benefit from share price appreciation. Warning! GuruFocus has detected 2 Warning Signs with AUY.