By market close, shares were up 5.2% to $10.26, contributing to an overall 11.9% gain since Monday. Trading volume of 12.1 million far exceeded its three-month average daily volume of 8.5 million shares.
On Monday, the Toronto-based gold producer said it produced 1.2 million gold equivalent ounces in fiscal 2013, below previous targets of between 1.32 million and 1.37 million gold equivalent ounces.
Production shortfall was related to issues it had at some of its new mines, but the company said they had been resolved by the end of the year.
Yamana is due to report its fourth quarter on Tuesday, Feb. 18. Analysts surveyed by Thomson Reuters anticipate net income of 8 cents a share on $497.79 million in revenue. For the full year, consensus is for 40 cents a share in net income on sales of $1.93 billion.
TheStreet Ratings team rates YAMANA GOLD INC as a Hold with a ratings score of C. The team has this to say about their recommendation:
"We rate YAMANA GOLD INC (AUY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income."