Yamana Gold Inc. (YRI.TO) Buy, Sell or Hold

Yamana Gold Inc. (YRI.TO)

7.89

+0.01 (0.13%)

as of Apr 3, 2023, 8:00:00 pm Market Open.

162 watching

SELL

Did a lot of acquisitions, which probably pushed its debt quite high. Debt is reasonable at the moment. Thinks it will be flatish for a year or two. If you own, consider moving on.

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DON'T BUY

It’s a bunch of ‘B’ assets and you continue to see that in it’s performance. Most leveraged intermediate stock to the price of gold. Fundamentally it is ok. He’s not bullish on gold. Bullish signal would be 400 tons bought by China and/or more demand.

WEAK BUY

(Market Call Minute.) Gold. Disappointed the Street a little bit earlier a couple of times so he prefers others. (See Top Picks.)

BUY

Everybody should have at least 10% of their portfolios in gold or gold stocks. Looks like gold is ready to break out. Likes Barrick (ABX-T), Goldcorp (G-T) and Yamana (YRI-T).

BUY

(Market Call Minute.) Buy it and write a Call on it at 10% or 15% higher than the stock price.

DON'T BUY

Last earnings were a little bit below expectations. Also production has been a little bit lower than expected. Valuation looks fair but not compelling. Better opportunities elsewhere.

COMMENT

Lots of cash reserves. Great exploration potential and a potential for increased production. He prefers playing gold through the XGD-T.

PAST TOP PICK

(A Top Pick July 14/08. Down 29.08%.) Still likes it.

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WATCH

(Market Call Minute.) Watch this one very closely. It is getting lined up for a good move this summer. Seasonality is not quite there yet. Watch for a trade beginning in July.

HOLD

Prefers Eldorado (ELD-T) or Iamgold (IMG-T), which have better production profiles. They seem to have their act together again. A good Hold until you can get out at higher prices that he is expecting.

DON'T BUY

He is re-deploying his gold holdings elsewhere. Likes the management and growth profile, but you have to see it over the next 2-3 years.

TOP PICK

Base metal play. Cheap compared to net asset value. Could get acquired. Risk would be a production risk as they bring on new mines & commodity price risk.

BUY

Thinks it would be premature to say you don’t want to own gold with the long-term pressures from currencies.

HOLD

(Market Call Minute.) One of his favourite golds but right at the moment he wants to see where gold goes in the next few weeks.

BUY

(Market Call Minute.) Likes gold.

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Yamana Gold Inc. (YRI.TO)