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

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Daily Stock Opinions and Ratings

Yamana Gold Inc. (YRI.TO)

7.89

+0.01 (0.13%)

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

162 watching

BUY

(Market Call Minute.) A class act.

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BUY

Acquired Meridian (MNG-T), which looks good. Stock is not doing a whole lot these days but he would not bet against this management team. Expects them to be a big producer over the next couple of years.

BUY

The deal with Meridian (MNG-T) is now official. With the 3-way merger, you have a company that is going from 1 million ounces of production to 2 million over the next 2 to 3 years. A growth name and feels that world investors will gravitate to this stock.

BUY

There is little correlation sometimes between the price of gold and gold shares. Likes gold very much and to act as a counter balance to his StreetTracks Gold ETF (GLD-N) he bought a package of gold stocks including Kinross (K-T), Agnico Eagle (AEM-T) and Yamana Gold (YRI-T).

HOLD

(Market Call Minute) He has other preferences in the gold sector.

BUY

He is bullish on gold. Had a great merger. Slightly undervalued to Kinross (K-T) or Agnico Eagle (AEM-T), so has more leverage.

DON'T BUY

They're putting 3 companies together and he is not sure how it is going to shake out. Meridian historically has had one of the lowest costs in the industry. There are very few companies in this mid-cap gold space with a production profile growth. Would wait.

BUY

His model price is $21.93 giving it a 56% positive differential. Since they just bought a company, the balance sheet will change.

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BUY

Worth backing. It has built a stable of assets through acquisitions and has more development potential.

TRADE

Balance sheet is reasonable strong. Have to show they can operate a mine as well as acquire mines.

BUY

Yamana is kind of a big cap right now. It is pretty good. It is a gold and copper player. Production in gold is growing very quickly. Believes it will do very well.

BUY

Meridian merger was great and this is a great company. Has a nice solid gold asset. Personally, he is more comfortable playing the larger companies in case he is wrong about gold.

DON'T BUY

Has been an underperformer and would prefer one of the 3 names discussed during this session.

COMMENT

Trying to acquire Meridian Gold (MNG-T) but have been meeting a lot of resistance from the shareholders. If successful, it would leap them into the bigger mid-tier producers at about 1.5 million ounces a year. It looks like it will probably go through.

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Yamana Gold Inc. (YRI.TO)