For August delivery, gold is retreating by 0.5% to $1,226 per ounce on the COMEX late this morning.
The precious metal is being pressured by expectations of a U.S. interest rate hike this year, the Wall Street Journal reports.
Gold is non-interest paying and has difficulty competing with those assets that bear a yield when interest rates are raised.
"It's still the same factors: expected rate increases by the Fed either in June or July," Robin Bhar, head of metals research at Société Générale, told the Journal, "We're seeing profit-taking across the board in gold."
Toronto-based Yamana is a gold and copper exploration company that operates seven mines and oversees several ongoing development projects in Brazil, Argentina and Chile.
(Yamana is held in David Peltier's Stocks Under $10 portfolio. See all of his holdings with a free trial.)
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by a number of negative factors, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered by the team.
Among the areas the team believes are negative, one of the most important has been an overall disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: AUY