NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) - Get Report are declining 1.63% to $2.72 in Friday afternoon trading on lower gold prices.

For April delivery, gold is down 1.47% to $1,220.60 per ounce on the COMEX this afternoon.

The price of the yellow metal is being pressured by rising oil prices, which are weakening gold's appeal as a safe-haven, the Wall Street Journal reports.

Since the start of the year, gold has advanced by about 18% on instability in financial markets.

Yamana is a gold and copper exploration company, which operates seven mines and oversees several ongoing development projects in Brazil, Argentina and Chile.

"Management is cutting costs and paying down debt...Yamana remains an attractive hedge against the volatility in the broader market," TheStreet's David Peltier wrote in his Stocks Under $10 Weekly Roundup last week.

(The stock is held in David'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.

TheStreet Recommends

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.

The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and generally disappointing historical performance in the stock itself.

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

Image placeholder title


data by