Yamana Gold Inc. (USA) (AUY) Formed a Bullish Descending Triangle Pattern, Could Be One of The Best Performers Soon

July 17, 2017 - By Linda Rogers

The stock of Yamana Gold Inc. (USA) (AUY) formed a descending triangle with $2.67 target or 9.00 % above today’s $2.45 share price. The 9 months triangle pattern indicates low risk for the $2.35B company. If the $2.67 price target is reached, the company will be worth $211.50M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock increased 2.94% or $0.07 during the last trading session, reaching $2.45. About 7.93 million shares traded. Yamana Gold Inc. (USA) (NYSE:AUY) has declined 40.97% since July 17, 2016 and is downtrending. It has underperformed by 57.67% the S&P500.

Yamana Gold Inc. (USA) (NYSE:AUY) Ratings Coverage

Among 12 analysts covering Yamana Gold Inc. (NYSE:AUY), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Yamana Gold Inc. had 31 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, January 27 by JP Morgan. The firm has “Buy” rating by TD Securities given on Friday, May 5. The company was downgraded on Monday, October 26 by HSBC. Goldman Sachs downgraded the shares of AUY in report on Wednesday, February 24 to “Sell” rating. The firm has “Mkt Perform” rating by Raymond James given on Monday, January 18. The stock of Yamana Gold Inc. (USA) (NYSE:AUY) earned “Market Perform” rating by BMO Capital Markets on Monday, December 19. The stock of Yamana Gold Inc. (USA) (NYSE:AUY) has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. The firm earned “Overweight” rating on Friday, December 11 by JP Morgan. As per Wednesday, July 22, the company rating was upgraded by HSBC. The stock of Yamana Gold Inc. (USA) (NYSE:AUY) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, November 4.

More important recent Yamana Gold Inc. (USA) (NYSE:AUY) news were published by: Investorplace.com which released: “Friday’s Vital Data: Facebook Inc (FB), Alibaba Group Holding Ltd (BABA) and …” on June 16, 2017, also Investorplace.com published article titled: “Ex-Dividend Reminders Include Yamana Gold Inc. (USA) (AUY) and FMC Corp (FMC)”, Fool.ca published: “Yamana Gold Inc.: Worker Strike Over, Stock Starts Year off Strong” on January 20, 2017. More interesting news about Yamana Gold Inc. (USA) (NYSE:AUY) was released by: Fool.ca and their article: “What to Expect From Yamana Gold Inc. for the Rest of 2017” with publication date: January 31, 2017.

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