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Yamana Gold Inc.YRI.TOWATCHJul 21, 2014Stock price when the opinion was issued
As of Apr 03, 2023. Market Open.
They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.
Gold: We had a substantial move on gold and it is trying to find support in the $1200 area so we probably need to re-test lower than where we are. Some gold stocks still have not come out of their negative period. FNV-T is an example. YRI is still below its 40 week moving average. This looks like it is starting to make a base, but don’t expect to have an immediate upward reaction on this stock.