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Yamana Gold Inc.YRI.TOCOMMENTMay 08, 2015Stock 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.
His valuation chart of the company shows it is trading at 50% of the BV, which is as low as it has traded in all the years that he has a history on it. One of the big problems is that earnings forecasts continue to go into the ditch. Finally the FMV has fallen so far that it has caught up with the price. Thinks the outlook for gold bullion is good when he sees what the Central Banks globally are doing.