Is It Crazy To Buy Yamana Gold Inc. (AUY) And Coty Inc. (COTY)?

    The shares of Yamana Gold Inc. (NYSE:AUY) has been pegged with a rating of Outperform by National Bank Financial in its latest research note that was published on June 28th, 2019. National Bank Financial wasn’t the only research firm that published a report of Yamana Gold Inc., with other equities research analysts also giving their opinion on the stock. RBC Capital Mkts advised investors in its research note published on April 26th, 2019, to Sector Perform the AUY stock. The stock had earned Sector Perform rating from National Bank Financial when it published its report on April 18th, 2019. The stock was given Sector Outperform rating by CIBC in its report released on January 22nd, 2019. Credit Suisse was of a view that AUY is Outperform in its latest report on September 10th, 2018. National Bank Financial thinks that AUY is worth Outperform rating. This was contained in the firm’s report on April 10th, 2018.

    The consensus currently stands at a Hold while its average price target is $3.92. The price of the stock the last time has raised by 108.99% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 67.85.

    The shares of the company added by 1.36% during the trading session on Thursday, reaching a low of $3.60 while ending the day at $3.72. During the trading session, a total of 12.75 million shares were traded which represents a 25.38% incline from the average session volume which is 17.09M shares. AUY had ended its last session trading at 3.67. Yamana Gold Inc. currently has a market cap of $3.54B while its P/E earnings growth sits at 1.98, with a beta of 0.86. Yamana Gold Inc. debt-to-equity ratio currently stands at 0.47, while its quick ratio hovers at 1.50. AUY 52-week low price stands at $1.78 while its 52-week high price is $3.78.

    Investment analysts at Citigroup published a research note on July 2nd, 2019 where it informed investors and clients that Coty Inc. (NYSE:COTY) is now rated as Sell. Their price target on the stock stands at $10. RBC Capital Mkts also rated COTY as Downgrade on April 26th, 2019, with its price target of $27 suggesting that COTY could surge by 15.94% from its current share price. Even though the stock has been trading at $9.11/share, analysts expect it to surge higher by 3.07% to reach $11.17/share. It started the day trading at $9.41 and traded between $9.01 and $9.39 throughout the trading session.

    A look at its technical shows that COTY’s 50-day SMA is 10.57 while its 200-day SMA stands at 10.29. At the moment, only of Coty Inc. shares were sold short. The company’s average trading volume currently stands at 5.52M shares, which means that the short-interest ratio is just 6.02 days. Over the past seven days, the company moved, with its shift of 6.70%. Looking further, the stock has dropped -28.16% over the past 90 days while it lost -14.48% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co sold more COTY shares, decreasing its portfolio by -22.20% during the last quarter. This move now sees Fidelity Management Research Co selling -12,708,080 shares in the last quarter, thus it now holds 44,535,369 shares of COTY, with a total valuation of $485,880,876. The Vanguard Group Inc meanwhile sold more COTY shares in the recently filed quarter, changing its stake to $416,780,645 worth of shares. Newton Investment Management Ltd followed the path by increasing its COTY portfolio by +0.66% in the quarter. This means that Newton Investment Management Ltd bought 166,615 shares in the last quarter and now controls 25,383,522 shares of the COTY stock, with the valuation hitting $276,934,225.

    Similarly, SSgA Funds Management Inc decreased its Coty Inc. shares by -28.34% during the recently filed quarter. After selling -6,500,390 shares in the last quarter, the firm now controls 16,438,480 shares of Coty Inc. which are valued at $179,343,817. In the same vein, BlackRock Fund Advisors decreased its Coty Inc. shares by during the most recent reported quarter. The firm sold -7,150,375 shares during the quarter which decreased its stakes to 14,389,223 shares and is now valued at $156,986,423. Following these latest developments, around 0.50% of Coty Inc. stocks are owned by institutional investors and hedge funds.