Yamana Reaches New 52-Week High (AUY)

NEW YORK ( TheStreet) -- Yamana Gold (NYSE: AUY) hit a new 52-week high Thursday as it is currently trading at $17.99, above its previous 52-week high of $17.97 with five million shares traded as of 10:55 a.m. ET. Average volume has been 6.3 million shares over the past 30 days.

Yamana has a market cap of $11.49 billion and is part of the basic materials sector and metals & mining industry. Shares are up 18.3% year to date as of the close of trading on Wednesday.

Yamana Gold Inc. engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 22.6, above the average metals & mining industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Yamana as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Yamana Ratings Report.

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