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NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) - Get Free Report were declining in late-morning trading on Tuesday as gold prices traded in the red.

For December delivery, gold was down 0.51% to $1,320.30 per ounce on the COMEX this morning.

Gold prices were retreating on a stronger dollar this morning. The metal is more expensive to foreign currency holders when the greenback is higher.

Additionally, attention is turning to U.S. payrolls data this week for further clues into the pace of interest rate hikes, Reuters reports. Gold is non-interest paying and struggles to compete with assets that bear a yield when interest rates are raised.

Last week, Federal Reserve Chair Janet Yellen said the case for interest rates was stronger. Vice Chair Stanley Fischer indicated a rate hike could come as soon as next month.

Fischer said today that the U.S. job market is almost at full strength and future rate raises will depend on how well the economy is doing, Reuters noted.

Friday's jobs data is seen as an important measure of the labor market's strength. 

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

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