For December delivery, gold was down 0.14% to $1,258.70 per ounce on the COMEX this afternoon.
Gold prices were under pressure today due to a stronger dollar. The metal is more expensive to foreign currency holders when the greenback is higher.
Additionally, there are growing expectations for an interest rate hike soon, the Wall Street Journal reports.
Gold is non-interest paying and struggles to compete with assets that offer a yield when interest rates are raised.
Federal Reserve of Chicago President Charles Evans said today that the economy is on sound footing and a rate hike in December "could be fine," according to the Journal.
"The drying-up of safe-haven demand, the risk of profit-taking and the outlook for a stronger U.S. dollar suggest further pressure on prices," Norbert Rucker, head of commodities research at Julius Baer said in a note, the Journal added.
Toronto-based Yamana is a gold and copper exploration company that operates seven mines and oversees several ongoing development projects in Brazil, Argentina and Chile.
(Yamana is held in David Peltier's Stocks Under $10 portfolio. See all of his holdings with a free trial.)
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D+ on the stock.
This is driven by a number of negative factors, which 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 covered.
Among the areas the team believes are negative, one of the most important has been an overall disappointing return on equity.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: AUY