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

COMMENT

Did a very aggressive expansion by buying, buying and buying. Absorption of other companies takes time and is a difficult process. However, it did it, it made it and it got there and has built itself into a very large 2nd tier group.

BUY

This one is in an uptrend and is still going up. Went through its resistance level from 07 and that is a very bullish sign. With gold going up at the same time, this is a very positive sign.

PARTIAL SELL

He reduced his position a little bit recently. The mid-tier stocks are where you want to be in the gold industry. They haven't hedged forward their production and have a decent growth profile. This is one of the better, longer-term stories out there. If you own, consider taking some money off the table.

TOP PICK

Have a number of assets and their focus is on the Americas, politically stable environments. Will probably double production over the next 4 years. If you bring in what they get in netback against their other materials they produce, their cash cost is going to be less than zero.

HOLD

Has a history of acquiring assets as opposed to finding a lot. His preference is companies that are growing assets and are good with the drill bit. This company will benefit very nicely with the improvement in the gold price.

COMMENT

Have made very aggressive purchases. Have a lot of mines where they have got to sink a lot of money but has been very impressed with the way they have settled down and not gotten into deep financial troubles.

BUY

His target for gold is $1200 and his gold holdings include Gold ETF’s (GLD-N) (his prime play) plus 3 gold plays Agnico Eagle (AEM-T), Kinross (K-T) and Yamana (YRI-T). These are great intermediate stories with great growth potential in front of them.

COMMENT

Not totally familiar with the stock. The charge indicates it is doing well in a positive gold market. He prefers Kinross (K-T).

HOLD

Gold. They have built a big machine that he is impressed with. He believes in gold.

COMMENT

Still has some upside to his model price but he will be looking at this to see if it qualifies at the end of the month.

SELL

(Market Call Minute.) Has almost made a double top. Too many people in it.

COMMENT

All of the gold stocks have been particularly hot lately with the bullion going to all-time highs. If you own, consider taking some profits, but don't take everything off the table. Every portfolio should have some gold.

BUY

Has transformed itself into one of the largest gold stocks in North America. Has successfully carried out the merger. If you think gold will go higher this is a pretty good play.

HOLD

(Market Call Minute.) If you think gold is going further, he would prefer some of the others.

BUY

Looking for $900-$1000 in 2008. Expect there will be massive increases in their production.

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Yamana Gold Inc. (YRI.TO)