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TheStreet Wire

Yamana Stock Hits New 52-Week High (AUY)

By TheStreet Wire 11/08/12 - 02:34 PM EST

Find out if (AUY) is in Cramer's Portfolio.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Yamana Gold (NYSE:AUY) hit a new 52-week high Thursday as it is currently trading at $20.40, above its previous 52-week high of $20.39 with 4.6 million shares traded as of 2:10 p.m. ET. Average volume has been 5.8 million shares over the past 30 days.

Yamana has a market cap of $14.83 billion and is part of the basic materials sector and metals & mining industry. Shares are up 34.4% year to date as of the close of trading on Wednesday.

Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 41.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Yamana as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Yamana Ratings Report.

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