Will Yamana Gold Inc. Short Squeeze Soon?

 Will Yamana Gold Inc. Short Squeeze Soon?

The stock of Yamana Gold Inc. (TSE:YRI) is a huge mover today! About 2.38 million shares traded hands. Yamana Gold Inc. (TSE:YRI) has risen 26.40% since March 31, 2016 and is uptrending. It has outperformed by 25.31% the S&P500.
The move comes after 5 months negative chart setup for the $4.75B company. It was reported on Nov, 4 by Barchart.com. We have $4.70 PT which if reached, will make TSE:YRI worth $237.50M less.

Yamana Gold Inc. (TSE:YRI) Ratings Coverage

Out of 6 analysts covering Yamana Gold Inc. (TSE:YRI), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $10.50 is the highest target while $4.40 is the lowest. The $6.23 average target is 25.86% above today’s ($4.95) stock price. Yamana Gold Inc. has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. JP Morgan downgraded the shares of YRI in a report on Wednesday, January 27 to “Neutral” rating. The stock of Yamana Gold Inc. (TSE:YRI) has “Sector Perform” rating given on Wednesday, November 18 by RBC Capital Markets. The stock has “Sector Perform” rating given by Scotia Capital on Tuesday, September 1. The firm has “Sector Perform” rating given on Tuesday, October 18 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, January 14. The firm earned “Sector Perform” rating on Tuesday, November 24 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, December 22 with “Sector Perform”.

More recent Yamana Gold Inc. (TSE:YRI) news were published by: Fool.ca which released: “Yamana Gold Inc. Tries the IPO Route for Brazilian Asset Exit” on October 18, 2016. Also Prnewswire.com published the news titled: “Gold Stocks Under Review — Yamana Gold, Kinross Gold, Barrick Gold, and Goldcorp” on October 28, 2016. Seekingalpha.com‘s news article titled: “Yamana Gold: All Set For A Turnaround” with publication date: October 21, 2016 was also an interesting one.

Yamana Gold Inc. is a gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Brazil, Argentina, Chile, Mexico and Canada. The company has a market cap of $4.75 billion. The Company’s divisions include Chapada mine in Brazil, El Penon mine in Chile, Canadian Malartic mine in Canada (50% interest), Gualcamayo mine in Argentina, Mercedes mine in Mexico, Brio Gold Inc., and Corporate and other. It currently has negative earnings. The Company’s Corporate and other segment includes Minera Florida mine in Chile and Alumbrera mine in Argentina.

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