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Yamana Gold Inc.YRI.TOCOMMENTAug 27, 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.
We are in a strong seasonality part of the year for gold. It peaks in October. Thinks the risk/reward is really good. Stock had a bottom in May-June, followed by a nice uptrend. Was bumping into the 200 day back in August. It is now hugging the 50 day. Relative strength is right in the middle of the band and the MACD is just turning down, but close to the zero line. If it breaks that zero line, you get a bit of fall through and he would say the gold thesis is over. Risk/reward for gold is really good. (See Top Picks.)