Yamana Gold (NYSE:AUY) hit a new 52-week high Friday as it is currently trading at $19.49, above its previous 52-week high of $19.44 with 5.4 million shares traded as of 2 p.m. ET. Average volume has been 5.6 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Yamana Gold (NYSE: AUY) hit a new 52-week high Friday as it is currently trading at $19.49, above its previous 52-week high of $19.44 with 5.4 million shares traded as of 2 p.m. ET. Average volume has been 5.6 million shares over the past 30 days. Yamana has a market cap of $14.57 billion and is part of the basic materials sector and metals & mining industry. Shares are up 32% year to date as of the close of trading on Thursday. Yamana Gold Inc. engages in the exploration, development, and production of mineral properties, primarily gold. It also explores for copper, molybdenum, zinc, and silver metals. The company has a P/E ratio of 34.6, above the average metals & mining industry P/E ratio of 34 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Yamana as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Yamana Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.