For August delivery, gold is up 0.06% to $1,217.40 per ounce on the COMEX this afternoon.
Even though gold prices are trading in the green, the precious metal is still set for its largest monthly decline since November amid broad strength in the dollar and growing expectations of an interest rate hike, Reuters reports.
Non-interest-paying gold has difficulty competing with assets that bear a yield when interest rates are raised.
"Right now, it looks like this rate increase is coming sooner rather than later," George Gero, managing director at RBC Wealth Management, told the Wall Street Journal, "People are getting nervous."
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 few notable weaknesses, 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.
Among the areas the team feels 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