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Yamana Gold Inc.YRI.TOWAITApr 25, 2017Stock 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 tends not to do well at this time of year. Also, gold stocks tend not to do well. This has broken its downtrend which started in mid-2016, and that is good. Chart shows it is basing out, which is a positive sign. A little channel is developing, and at about $3.25 would be the point of support. He wouldn’t be a fan of jumping into this right now, based upon seasonal trends.