NEW YORK (TheStreet) -- Shares of Yamana Gold Inc. (AUY) are lower by 2.83% to $6.20 in mid-afternoon trading on Friday, as gold futures for December declined by $6.50 settling at $1,215.40 an ounce, MarketWatch reports.
Gold fell as U.S. economic data showed the economy grew 4.6% in the second quarter, which matched its best performance since the end of the recession in 2009, MarketWatch added.
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 some concerns, 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: AUY Ratings Report