NEW YORK (TheStreet) -- Shares of Yamana Gold (AUY) are up 3.14% to $3.94 in midday trading Tuesday, as gold prices get a boost on a softer dollar, rallying after hitting a three-week low yesterday, CNBC reports.
Spot gold is higher by 0.1% to $1,177.67 an ounce as of 12:30 p.m. ET today, after having fallen 2% yesterday, hitting its lowest level since Dec. 1 at $1,170.17 an ounce.
U.S. gold futures for February delivery is slightly down 0.19% to $1,177.60 an ounce as of 12:25 p.m. ET today.
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A weaker greenback makes dollar-denominated gold cheaper for holders of other currencies, CNBC 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 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 and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: