Yamana Gold Inc.

YRI-T

TSE:YRI

5.43
0.10 (1.88%)
Yamana Gold Inc. is a Canadian-based gold producer that began operations in 2003 with significant gold production, gold development stage properties, exploration properties, and land positions in Canada, Brazil, Chile and Argentina.
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Analysis and Opinions about YRI-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 5, 2018

They built up quite a bit of a debt burden. They have good assets but the assets are mature. 8 times cash flow but he sees it getting worse. It is fair and fully valued and then some. No one would want to acquire the assets.

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They built up quite a bit of a debt burden. They have good assets but the assets are mature. 8 times cash flow but he sees it getting worse. It is fair and fully valued and then some. No one would want to acquire the assets.

Jon Case

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Price
$3.790
Owned
Unknown
DON'T BUY
DON'T BUY
February 27, 2018

This has been on his watchlist for years. He understands why people are interested in this but the stock is not for him at this time.

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Yamana Gold Inc. (YRI-T)
February 27, 2018

This has been on his watchlist for years. He understands why people are interested in this but the stock is not for him at this time.

COMMENT
COMMENT
February 22, 2018

Earnings were ho hum. Gold companies have fallen off here even though gold has done okay. The drop has not been that significant. This one has been underperforming for a few years.

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Yamana Gold Inc. (YRI-T)
February 22, 2018

Earnings were ho hum. Gold companies have fallen off here even though gold has done okay. The drop has not been that significant. This one has been underperforming for a few years.

WEAK BUY
WEAK BUY
February 12, 2018

He would buy it, though it hasn't done a lot lately despite a few volume blips. Cheap stock, likes sector.

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Yamana Gold Inc. (YRI-T)
February 12, 2018

He would buy it, though it hasn't done a lot lately despite a few volume blips. Cheap stock, likes sector.

DON'T BUY
DON'T BUY
January 26, 2018

Chart shows a big saucer formation, which is the same as the commodity. However, gold is kind of retesting previous resistance, but this company is underperforming the underlying commodity, so he would give it a thumbs down.

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Yamana Gold Inc. (YRI-T)
January 26, 2018

Chart shows a big saucer formation, which is the same as the commodity. However, gold is kind of retesting previous resistance, but this company is underperforming the underlying commodity, so he would give it a thumbs down.

COMMENT
COMMENT
January 23, 2018

It's rare for him to recommend a gold company, but occasionally he does. This company is extremely levered to the price of gold. They've had a bit of issue with their balance sheets and still have a way to go. There are other less levered ways you can go, within the gold sector. However, if you have room for something that is a little higher risk/reward, this is not a bad place to look, but keep it in that context. (See Top Picks.)

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Yamana Gold Inc. (YRI-T)
January 23, 2018

It's rare for him to recommend a gold company, but occasionally he does. This company is extremely levered to the price of gold. They've had a bit of issue with their balance sheets and still have a way to go. There are other less levered ways you can go, within the gold sector. However, if you have room for something that is a little higher risk/reward, this is not a bad place to look, but keep it in that context. (See Top Picks.)

COMMENT
COMMENT
January 22, 2018

Hasn't had any position in natural resources for quite some time, but did recently initiate positions in the commodity resource sector through Franco Nevada (FNV-T) and Kirkland Lake (KL-T). As we get later in the cycle, commodity type stocks tend to do well. Also, inflation is picking up and that is a time when gold is a nice hedge. This might be a decent time to start adding positions to these types of companies. He would prefer being exposed to either a gold ETF or a royalty company like Franco Nevada.

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Yamana Gold Inc. (YRI-T)
January 22, 2018

Hasn't had any position in natural resources for quite some time, but did recently initiate positions in the commodity resource sector through Franco Nevada (FNV-T) and Kirkland Lake (KL-T). As we get later in the cycle, commodity type stocks tend to do well. Also, inflation is picking up and that is a time when gold is a nice hedge. This might be a decent time to start adding positions to these types of companies. He would prefer being exposed to either a gold ETF or a royalty company like Franco Nevada.

TOP PICK
TOP PICK
January 19, 2018

Trading at about a 30% discount to its BV. The company has been working hard to improve profitability. It needs higher bullion prices to break out and get going. Insider trading on this is very strong. Dividend yield of 0.6%. (Analysts' price target is $4.42.)

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Yamana Gold Inc. (YRI-T)
January 19, 2018

Trading at about a 30% discount to its BV. The company has been working hard to improve profitability. It needs higher bullion prices to break out and get going. Insider trading on this is very strong. Dividend yield of 0.6%. (Analysts' price target is $4.42.)

BUY
BUY
January 12, 2018

Since 1 January, this is one that is "coming out of the blue". His last line is $3.79, so that is a Buy signal.

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Yamana Gold Inc. (YRI-T)
January 12, 2018

Since 1 January, this is one that is "coming out of the blue". His last line is $3.79, so that is a Buy signal.

COMMENT
COMMENT
November 24, 2017

Has a tremendous amount of insider buying, which is normally a good signal. Has had it on his Watch List for a number of years. Doesn’t see buying it now, but it is certainly in the realm of contrarian plays.

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Yamana Gold Inc. (YRI-T)
November 24, 2017

Has a tremendous amount of insider buying, which is normally a good signal. Has had it on his Watch List for a number of years. Doesn’t see buying it now, but it is certainly in the realm of contrarian plays.

WAIT
WAIT
October 2, 2017

It has been one of the weakest golds on the TSX. We reached the end of the period of seasonal strength. It is on a distinct downward trend. We are heading down to support. Look at it in late December.

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Yamana Gold Inc. (YRI-T)
October 2, 2017

It has been one of the weakest golds on the TSX. We reached the end of the period of seasonal strength. It is on a distinct downward trend. We are heading down to support. Look at it in late December.

TOP PICK
TOP PICK
September 19, 2017

Has been a disappointing performer and selling at a discount. There was a lot of worry amongst investors and some analysts about the balance sheet because of their building of the new mine Serra Morro, which is now 90% complete, and will increase their cash flow 20%, if not 30% when it is in full production. People are worried it might breach their debt covenants, resulting in an equity issue, but he heard they had hedged 60% of next year’s gold production, and 70% of copper production, at prices above what they had budgeted for. In addition, Serra Morro will see them increase their silver production by about 40%. Dividend yield of 0.8%. (Analysts’ price target is $3.50.)

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Yamana Gold Inc. (YRI-T)
September 19, 2017

Has been a disappointing performer and selling at a discount. There was a lot of worry amongst investors and some analysts about the balance sheet because of their building of the new mine Serra Morro, which is now 90% complete, and will increase their cash flow 20%, if not 30% when it is in full production. People are worried it might breach their debt covenants, resulting in an equity issue, but he heard they had hedged 60% of next year’s gold production, and 70% of copper production, at prices above what they had budgeted for. In addition, Serra Morro will see them increase their silver production by about 40%. Dividend yield of 0.8%. (Analysts’ price target is $3.50.)

COMMENT
COMMENT
September 15, 2017

Trading cheaper than its peers. Has a good, low cost structure for its gold, but more leveraged than desired. Feels the street is looking for better consistency of generating free cash flow. Thinks the Brazilian assets that went into Brio was a bit of a difficult process to get off the books, and they still own shares of Brio and will slowly drift that out into the market. Feels there is an elevated level of execution risks. Have done a good job of trying to hive out some of the higher cost assets and try to refocus around 3 core assets. At this point, it’s a “wait and see” to restore confidence.

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Yamana Gold Inc. (YRI-T)
September 15, 2017

Trading cheaper than its peers. Has a good, low cost structure for its gold, but more leveraged than desired. Feels the street is looking for better consistency of generating free cash flow. Thinks the Brazilian assets that went into Brio was a bit of a difficult process to get off the books, and they still own shares of Brio and will slowly drift that out into the market. Feels there is an elevated level of execution risks. Have done a good job of trying to hive out some of the higher cost assets and try to refocus around 3 core assets. At this point, it’s a “wait and see” to restore confidence.

DON'T BUY
DON'T BUY
August 17, 2017

They are debt ridden and out of favour. They overpromised and underdelivered. The sellers leave after it goes down. The volatility decreases. He would prefer other golds such as a past pick today.

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Yamana Gold Inc. (YRI-T)
August 17, 2017

They are debt ridden and out of favour. They overpromised and underdelivered. The sellers leave after it goes down. The volatility decreases. He would prefer other golds such as a past pick today.

COMMENT
COMMENT
August 4, 2017

His system is telling him that the balance sheet of this company is not good. There is something on the balance sheet that has to be written off. He wouldn’t buy any more of this unless it went over $3.81. Expects there will be bad news coming in terms of write offs. There has been an 11% correction in the US$, therefore gold should be going up, but it hasn’t done anything.

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His system is telling him that the balance sheet of this company is not good. There is something on the balance sheet that has to be written off. He wouldn’t buy any more of this unless it went over $3.81. Expects there will be bad news coming in terms of write offs. There has been an 11% correction in the US$, therefore gold should be going up, but it hasn’t done anything.

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