Yamana Reaches New 52-Week High (AUY)

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 Wednesday as it is currently trading at $19.84, above its previous 52-week high of $19.82 with 2.6 million shares traded as of 10:55 a.m. ET. Average volume has been 5.7 million shares over the past 30 days.

Yamana has a market cap of $14.03 billion and is part of the basic materials sector and metals & mining industry. Shares are up 27.2% year to date as of the close of trading on Tuesday.

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 33.4, above the average metals & mining industry P/E ratio of 32.8 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 solid stock price performance. 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.

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