For December delivery, gold is up 0.44% to $1,334.10 per ounce on the COMEX this morning.
Traders are awaiting the outcome of a two-day Federal Reserve policy meeting later today, which will be closely monitored for clues into the pace of interest rate increases this year, Reuters reports.
Gold is non-interest paying and struggles to compete with assets that bear a yield when interest rates are hiked.
The central bank is expected to keep interest rates the same at the meeting, but its policy statement is projected to be more positive on the economy.
That could lift expectations for a rate increase later this year, Reuters noted.
"Our economists are expecting a rate hike in December, but if the Fed starts to sound hawkish now, that could weigh on gold," UBS analyst Joni Teves told Reuters, "There are downside risks here."
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.
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 article's author.
You can view the full analysis from the report here: AUY