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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
From time to time, the price of gold will lead the stock price. If gold is going up sharply, then chances are the revenues will widen over the costs giving tremendous positive leverage. In a flattish environment, gold bullion will do better than the stocks.
BUY
Great Buy. Well diversified number of mines in Brazil. First few years they where buying and building and did a very good job. Stated they will no longer be in the M&A game but will grow current assets. Not much growth for the next 1.5 years so you could see it trade sideways. 35% of revenue currently is copper and there could be a hiccup in copper. Very cheap.
STRONG BUY
Is surprised they aren’t doing better. They had some great updates on the properties recently. Gold and copper properties are delivering. It looks like a good growth story and looks cheap. They are delivering.
TOP PICK
Mid-sized company that will increase its production by 50-60% over the next 4 years. Cash flow is going to go up like a rocket.
STRONG BUY
(Market Call Minute.) Gold stocks look incredibly cheap and these guys have decent production growth. Have copper as well.
TOP PICK
Production will be fairly flat over the next couple of years as it is divesting itself of a couple of non-core positions but expects production will accelerate in 2012-2013.
BUY ON WEAKNESS
A very volatile stock. If it sold off much more from here he would probably add to his holdings. If you like gold, this is a stock that will move. Good company.
DON'T BUY
Management sold one of their better properties, at not a very favourable price, to another company owned by management. This left a sour taste in his mouth. Good assets and low-cost producer.
BUY ON WEAKNESS
Production has been ramping up to 1 million ounces. Historically has grown through acquisition and are now bringing these properties on stream. Try to buy a $12.50.
TOP PICK
Gold and copper. Produce about 1.1 million ounces of gold and will probably grow to 1.4 million. 6 different mines in pretty safe locations. Have produced above expectations in the last 4 quarters.
BUY ON WEAKNESS
Starting to see several mining shares, including producers, declining in spite of higher gold prices. Usually an early sign that a correction or consolidation is here. But on any consolidation/correction of 5%-10% producers like Yamana (YRI-T) or Agnico-Eagle (AEM-T) would be a Buy.
DON'T BUY
Between Eldorado (ELD-T), Goldcorp (G-T) and Yamana (YRI-T), Goldcorp would be his favourite however, seasonally, he is a little bit cautious on gold. US$ has been extremely weak and very beneficial to gold prices but is becoming a a bit of a crowded trade so commodities are probably poised for a pullback.
TOP PICK
It has lagged the group a little bit. Production looks like it is surpassing expectation for the second half. When people start to believe they can bring their production numbers in on time and on budget, he doesn’t think there is another mid-tier producer that has quite the growth profile that is trading as cheaply.
SELL
South American oriented. Bloom is off the rose. He prefers others. They have done a number of acquisitions and have gradually changed course. You don't really know what the next step is going to be.
TOP PICK
South American Production coming on line. Likes valuation. It lags the group in general. Likes sector. Should play some catch up.
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