AUY

Gold is continuing its downward trend that began when the encouraging vaccine data starting coming out.Spot gold ([[XAUUSD:CUR]], -1.8%) and gold futures -2.2% are down to levels not seen since late July when

Gold has seen a meteoric rise this year as investors flee to safe-haven assets due to a crumbling economy and chaotic financial markets

Yamana Gold ([[AUY]] +0.8%) bucks today's broader trend of losses among gold mining stocks after BMO Capital upgrades shares to Outperform from Market Perform with a $9 price target, raised from

While Yamana Gold Inc's (NYSE: AUY) stock has a more attractive valuation than other miners of precious metals, there are some positive near-term catalysts, according to BMO Capital Markets.The Yamana Gold Analyst: Jackie Przybylowski upgraded Yamana from Market Perform to Outperform while raising the price target from $8.25 to $9.The Yamana Gold Thesis: While the stock has several "meaningful catalysts" through 2021, the most important one is the "technical study for the Canadian Malartic underground project, expected in February 2021," Przybylowski said.She added that analysts and investors may be underestimating the value of this project, and the details provided in this study may change that. Of all stakeholders, "Yamana has highest sensitivity to this project."Przybylowski mentioned that Yamana Gold seems to be following an appropriate capital allocation strategy. Given its strong free cash flows and growing cash balance, its decision to raise the dividend by 50% is a good one. She further noted that 2021 is expected to "bring spending opportunities at Yamana's projects (Canadian Malartic underground, Jacobina expansion, and progress at the Agua Rica development project)."AUY Price Action: Shares of Yamana Gold had risen by 1.4% to $5.57 at the time of publication Monday.Latest Ratings for AUY DateFirmActionFromTo Nov 2020BMO CapitalUpgradesMarket PerformOutperform Oct 2020BerenbergInitiates Coverage OnBuy Jul 2020ScotiaBankMaintainsSector Perform View More Analyst Ratings for AUY View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * BMO initiates Topaz Resources With Bullish Rating * Why BofA Is Upgrading Pinduoduo After The Q3 Print(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shell Asset Management reports fund value of $4.3B as of Sept. 30, 2020.Notable buy includes StoneX (SNEX).Adds position in Kinross Gold (KGC), Yamana Gold (AUY), Tesla (TSLA), while cuts position in

Yamana Gold (AUY) agrees to acquire the Wasamac and Camflo assets in Quebec's Abitibi region from Monarch Gold (MRQRF) for C$152M in cash and shares.Yamana says the Wasamac underground gold

The following slide deck was published by Yamana Gold Inc. in conjunction with their 2020 Q3 earnings call.