NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) - Get Report are down 2.74% to $2.84 late Monday morning as gold prices edge lower on a firmer dollar.

For June delivery, gold is declining 0.1% to $1,222.30 per ounce on the COMEX this morning.

Gold fell to its lowest in more than a month as the greenback's rally hurt the appeal of the metal, Bloomberg reports.

The precious metal is more expensive to foreign currency holders when the dollar is strong.

"Gold prices are weaker in early U.S. trading, as a strengthening U.S. dollar index recently is bearish for the precious metals," Jim Wyckoff, analyst with Kitco, told MarketWatch.

Yamana is Toronto-based gold and copper exploration company that operates seven mines and oversees several ongoing development projects in Brazil, Argentina and Chile.

The stock declined 5% last week, along with the underlying price of gold, TheStreet's David Peltier wrote in his most recent Stocks Under $10 Weekly Summary.

"That said, we maintain that Yamana is an attractive hedge against increased market volatility. AUY is an Inflection Point stock and has a price target of $5," Peltier added.

(Yamana 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.

This is driven by multiple 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.

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity 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