NEW YORK (TheStreet) -- Shares of Yamana Gold Inc. (AUY) are up by 2.05% to $8.69 in late afternoon trading on Wednesday as gold stocks reacts positively to a 1.8% rise in the price of gold to $1,308.20 an ounce.
Gold for December delivery increased by $22.90 settling over $1,300 for the first time since July 29, Market Watch reports.
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Separately, TheStreet Ratings team rates YAMANA GOLD INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAMANA GOLD INC (AUY) a SELL. This is driven by several weaknesses, which we believe 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 we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."