Yamana Gold Inc. (YRI:CA) is one of the best performing stocks in the materials sector in the S&P/TSX Composite Index shortly after the opening bell on April 21. Shares of YRI:CA have climbed 1.24% about 30 minutes into the session to $4.07 after closing the day prior at $4.02. It’s early, but the stock has traded as high as $4.1 and as low as $4.02 so far. Today’s quick advance has come with about 1.55 million shares changing hands, compared to an average 30-day volume of 4.92 million for Yamana Gold Inc.. The price is currently below the 30-day volume weighted average price of $4.04 for YRI:CA.
The share appreciation gives the materials company a market capitalization of $3.81 billion based upon 947.85 million shares outstanding. It also means that Yamana Gold Inc. has a price-to-book ratio of 0.62:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of YRI:CA have traded as low as $3.29 and as high as $7.87. Technical traders will take note that at $4.07, shares of YRI:CA are trading below their 200-day MA at $4.93 and above their 50-day MA at $3.85. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is Yamana Gold Inc.?
Yamana Gold Inc is a Canadian-based gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Brazil, Argentina, Chile, Mexico and Canada. The company’s 5266 employees are led by CEO Peter Marrone from the corporate headquarters at 200 Bay Street, Royal Bank Plaza.
What is the S&P/TSX Composite Index?
Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.
For more information on Yamana Gold Inc. and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.