Yamana Gold (AUY) Stock Lower Amid Falling Gold Prices

NEW YORK (TheStreet) -- Shares of Yamana Gold Inc (AUY) were lower by 0.31% to $3.19 in late afternoon trading Monday, as some gold-related stocks retreat amid declining gold prices.

U.S. gold futures for August delivery settled down 1.5% to $1,184.10 an ounce.

At last check, U.S. gold futures for August delivery were lower by 1.51% to $1,183.80 an ounce as of 3:21 p.m. ET today, while spot gold was barely changed at $1,183.80 an ounce as of 3:30 p.m. ET.

Oil prices fell amid financial and economic uncertainty including concerns over the Greek debt crisis, according to Reuters.

Canada-based Yamana is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions in Brazil, Chile, Argentina, Mexico and Colombia.

Insight from TheStreet's Research Team:

Yamana Gold is a core holding of David Peltier's Stocks Under $10 Portfolio. During the most recent weekly roundup, this is what Dave had to say about the stock:

Yamana Gold (AUY; $3.20; 1,750 shares; 2.97%; Inflection Point; $12.50 price target): This gold-and-copper exploration company operates seven mines and several ongoing development projects in Brazil, Argentina and Chile. We bought 200 shares on Tuesday, some 2% lower than where the stock ended the week. The underlying price of gold has stabilized and management is focused on ramping productions and cutting costs.

- David Peltier, 'Stocks Under $10 Weekly Roundup' originally published 6/19/2015 on Stock Under $10.

Want more information like this from David Peltier BEFORE your stock moves? Learn more about Stocks Under $10 now.

AUY ChartAUY data by YCharts

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