NEW YORK (TheStreet) -- Shares of mining company Yamana Gold (AUY) - Get Report were falling 6.3% to $3.83 Friday as gold prices were falling to two-month lows following the Labor Department's February jobs report.

Gold for April delivery was falling 1.8% to $1,175.10 an ounce on the Comex Friday morning, the lowest levels for the commodity since Jan. 5.

Gold prices fell because the U.S. economy added more jobs than expected in February, which could lead to the Federal Reserve raising interest rates near the middle of the year, according to the Wall Street Journal. The U.S. economy added 295,000 jobs to payrolls in February, above estimates of 240,000 jobs added, causing the unemployment rate to fall to 5.5%.

"This is not good for gold," RJO Futures broker Bob Haberkorn told the Journal. "This adds fuel to the fire for the idea that the Fed will raise rates sooner rather than later."

Insight from TheStreet's Research Team:

Yamana Gold is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave Peltier had to say about the stock:

Yamana Gold (AUY; $4.27; 1,350 shares; 3.27%; Inflection Point; $12.50 price target): This gold-and- copper exploration company operates seven mines and several ongoing development projects in Brazil, Argentina and Chile. The stock bounced back nearly 9% this week. The underlying price of gold has stabilized and we believe management can improve margins in the coming quarters.

-David Peltier, 'Stocks Under $10 Weekly Roundup' originally published on 2/27/15 on TheStreet.com/StocksUnder$10