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Yamana Gold Experiences Surprisingly High Option Volume (NYSE:AUY)

On Monday, a significant volume of options trading took place in connection with Yamana Gold Inc. (NYSE: AUY) (TSE: YRI), which was the target of this trading. This trading was carried out on the Toronto Stock Exchange. The total number of call options for the stock investors purchased was 9,520. Compared to the daily average volume of the 3,506 call option, this represents a 172% increase in trading activity.

Numerous research companies have dedicated reports to AUY, which have been compiled and distributed. For example, TD Securities encouraged investors to “purchase” shares of Yamana Gold in a research report made available to the public on Monday. The report was made available by the company. The research on Yamana Gold conducted by StockNews.com and made available online by the website on October 12 was the first of its kind to be presented. They recommended that shareholders “hold” their shares of the company. There have been a total of six analysts who have provided their recommendation to purchase the stock. In contrast, there have been three experts who have provided their recommendation to maintain the current holdings of the stock. According to information made available by Bloomberg, the stock is currently rated as having an average recommendation of “Moderate Buy,” and it has an established price target of $62.25.
The price of AUY stock went down by $0.01 to $4.88 on Monday due to trading volume significantly lower than the daily average of 19,651,787 shares, which was 1,954,152 shares. Both the earnings-to-price ratio of the stock, which is 18.15, and its beta value, which is 1.18, are very high. The company’s total value, as represented by its market capitalization, is $4.69 billion. Over the previous year, the price of Yamana Gold ranged from its all-time low of $3.70 to its all-time high of $6.40. The current ratio to the quick ratio is 1.98; the quick ratio to the current ratio is 1.52, and the debt to equity ratio is 0.15%. The average price paid by customers for the product or service over the past 50 days is $4.48, and the average price paid over the last 200 days is $4.86.
In the most recent few months, various institutional investors have adjusted the interests they hold in the company. These investors hold stakes in the company. During the third quarter, Profund Advisors LLC expanded its portfolio of investments by increasing its holdings of Yamana Gold shares by 12.5%. Following the acquisition of the newly issued stock, Profund Advisors LLC now holds 70,514 shares in the basic materials company; this brings the company’s stock holdings to a total value of $319,000. This is an increase of 7,854 shares from the previous amount. In addition, Crossmark Global Holdings Inc. increased the proportion of Yamana Gold that it owns in the market by 0.4 percentage points during the third quarter. Crossmark Global Holdings Inc. now has a total of 1,539,992 shares of the basic materials company’s stock following the purchase of an additional 6,346 shares during the most recent quarter. The value of Crossmark Global Holdings Inc.’s entire stock holding is currently $6,976,000. Great West Life Assurance Company of Canada invested $1,069,00 in Yamana Gold during the third quarter of this fiscal year. During the third quarter, Monaco Asset Management SAM completed a 13.9% increase in the proportion of Yamana Gold in which it was invested. Following the acquisition of 232,000 additional shares of stock in the basic materials company over the most recent three months, Monaco Asset Management SAM now possesses 1,900,000 shares of the company’s stock. The value of the stock holdings held by Monaco Asset Management SAM at present is $8,607,000. Lastly, but certainly not least, during the third quarter, Fractal Investments LLC increased the proportion of Yamana Gold that it owns by a factor of 100. As a result of purchasing an additional 12,100 shares during the relevant period, Fractal Investments LLC now owns a total of 24,200 shares of the stock held by the basic materials company. Based on the current market price, this gives the company a value of approximately $110,000. Institutional investors hold 55.45% of the company’s outstanding shares.

Yamana Gold Inc., its subsidiaries, and affiliated companies manufacture precious metals. It has land positions in Canada, Brazil, Chile, and Argentina, exploratory holdings, properties in various stages of development, and other properties. Additionally, it possesses other properties. In addition, gold and silver could be mined in the area when it was first established in August of 2003, the company now known as Yamana Gold Inc. was originally referred to as Yamana Resources Inc.

The post Yamana Gold Experiences Surprisingly High Option Volume (NYSE:AUY) appeared first on Best Stocks.



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