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TSE:YRI

Yamana Gold Inc. (YRI.TO)

7.89
+0.01 (0.13%)
as of Apr 3, 2023, 8:00:00 pm Market Open.
162 watching
0
BUY
Share price of gold stocks has not kept up with the underlying commodity. Cheap and a good company. His target is $15.
TOP PICK
Did $0.38 in basic EPS in 2007. In 2010, it did $0.61 and this year will do about $1 so has roughly tripled its earnings. Generating a lot of cash. The dividend went from $0.04 to $0. 18. Have some growth projects. Cheap.
DON'T BUY
Not one of his favorites. Thinks there are stronger growth profiles such as G, IMG, AR
HOLD
Great company but he prefers others. Has a pretty diversified portfolio. Gold is going much higher and institutional money will come.
TOP PICK
Hasn’t really struggled as a company but there have been issues about getting mines going in South America so has ended up in the penalty box. Feels they have addressed the issues and thinks they will be able to increase production by about 50%. One of the only stocks that is really trading at NAV.
TOP PICK
Mid-tier, potentially large cap gold company, producing 1 million gold equivalent ounces a year. Good growth profile moving to 1.4 million gold equivalent ounces. Did a good deal on spinning out their Alumbrera assets, taking in $310 million in cash payments over the next few years. Cheap at 7 to 8 times cash flow. Sells at a 1.2X NAV, which is at a discount to its peers. Also produces 10 million ounces plus of silver annually.
DON'T BUY
Has been going sideways for quite a while. Had some operational problems in over promising and under delivering. There is nothing specific.
DON'T BUY
TOP PICK
Likes gold stocks. A $23.26 model price. It never gets any respect in the market place.
TOP PICK
Cheap. Gold production will rise by 46% by 2013. 8.7 times price to cash flow 2012, which is about 23% discount to other gold comparables. Good production growth for the next 2 or 3 years.
BUY
$1500 is his target for Gold – sometime this year. People don’t think gold price will last so the gold stocks have not gone up as much. This is a great buying territory.
BUY
All the large caps have been fairly flat over the last number of years. Very cheap on a P/E ratio. Keeps wondering what the catalyst will be for them to break out and move to the upside. Could be the dividend increases. Possibly will spin out assets other than gold. Believes a catalyst is coming.
COMMENT
Couple of years ago was having trouble making their quarters. Over promising and under delivering. In gold, that’s a No-No. Have been in the penalty box. Delivered last 2 quarters. Good growth ahead of them with 3 o 4 new projects but they don’t come on until 2012. Fantastic story for 2013 but she questions how investors will handle it over the next year. Expects people will start looking forward to it next year. Cheap on 2012 production. If they spin out their copper/gold deposit, it could add a couple of $’s to the stock.
PAST TOP PICK
(A Top Pick Jan 18/10. down 3.86%.)
DON'T BUY
Gold has been going to all time highs and this one has been an under performer. The key is to be in the sector on a stock that is out outperforming. (See comments under Gold.)
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