For August delivery, gold is retreating by 0.6% to $1,215.40 per ounce on the COMEX this morning.
The precious metal is being pressured by growing speculation that the Federal Reserve will move forward with interest rate hikes, which would hurt investor demand, Reuters reports.
The non-interest-paying metal struggles to compete with assets that offer a yield when rates are increased.
Gold dropped for seven consecutive trading sessions to Thursday, its longest stretch of losses in over six months.
"Expectations for summer rate hikes from the Fed have changed over the past couple of weeks, and looking at that, combined with the dollar being off its lows, equities near the highs, and yields higher, it's a warranted move in gold," UBS analyst Joni Teves told Reuters.
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 by the team.
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 articles's author.
You can view the full analysis from the report here: AUY