Yamana Gold Inc.

YRI-T

TSE:YRI

5.85
0.07 (1.21%)
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
June 23, 2017

There are concerns over the balance sheet as it has quite a bit of debt. They spun off a few mines into a new vehicle called Brio Gold, and got some cash in the door from that. Operationally, it has been an under performer for such a long period of time, and the stock has really tracked that. There are better places to be in gold. He is Short this against some of his Long positions. (See Top Picks.)

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There are concerns over the balance sheet as it has quite a bit of debt. They spun off a few mines into a new vehicle called Brio Gold, and got some cash in the door from that. Operationally, it has been an under performer for such a long period of time, and the stock has really tracked that. There are better places to be in gold. He is Short this against some of his Long positions. (See Top Picks.)

COMMENT
COMMENT
June 7, 2017

This has been doing some interesting things lately. They recently participated in a gold offering and lowered their interest in that from about 80% down to about 55%. That helped address some of their balance sheet issues. They have some growth going forward that looks promising. The real thing is going to be the execution they have at Serra Morro. Depending on how well that execution occurs, will really tell how well the stock performs within the environment.

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This has been doing some interesting things lately. They recently participated in a gold offering and lowered their interest in that from about 80% down to about 55%. That helped address some of their balance sheet issues. They have some growth going forward that looks promising. The real thing is going to be the execution they have at Serra Morro. Depending on how well that execution occurs, will really tell how well the stock performs within the environment.

COMMENT
COMMENT
May 18, 2017

Like all gold companies, it is not doing great at the moment, but valuations look really good. All gold companies look very similar.

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Like all gold companies, it is not doing great at the moment, but valuations look really good. All gold companies look very similar.

COMMENT
COMMENT
April 28, 2017

In today’s environment, with low interest rates and low inflation, it is a good environment for a lot of gold companies. They have begun to clean up their act in being more cautious in terms of development of new projects. Overall, a lot of the gold companies are in much better shape than they were 5 years ago. He prefers others. (See Top Picks.)

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In today’s environment, with low interest rates and low inflation, it is a good environment for a lot of gold companies. They have begun to clean up their act in being more cautious in terms of development of new projects. Overall, a lot of the gold companies are in much better shape than they were 5 years ago. He prefers others. (See Top Picks.)

WAIT
WAIT
April 25, 2017

Gold tends not to do well at this time of year. Also, gold stocks tend not to do well. This has broken its downtrend which started in mid-2016, and that is good. Chart shows it is basing out, which is a positive sign. A little channel is developing, and at about $3.25 would be the point of support. He wouldn’t be a fan of jumping into this right now, based upon seasonal trends.

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Gold tends not to do well at this time of year. Also, gold stocks tend not to do well. This has broken its downtrend which started in mid-2016, and that is good. Chart shows it is basing out, which is a positive sign. A little channel is developing, and at about $3.25 would be the point of support. He wouldn’t be a fan of jumping into this right now, based upon seasonal trends.

COMMENT
COMMENT
February 10, 2017

This has a long road ahead of it. There is a lot of debt on their balance sheet. They tried to spin out a subsidiary, which raised a fraction of what they thought it would. Not a favourite he would look for in this market.

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Yamana Gold Inc. (YRI-T)
February 10, 2017

This has a long road ahead of it. There is a lot of debt on their balance sheet. They tried to spin out a subsidiary, which raised a fraction of what they thought it would. Not a favourite he would look for in this market.

COMMENT
COMMENT
February 1, 2017

This has been lagging some peers lately. Their last report showed that their all-in sustaining costs were relatively high at around $930. Thinks there were some setbacks in 1 or 2 projects. However, overall this is a fairly good company, and relative to the others, it looks fairly inexpensive. There is going to be a fair amount of CapX going forward. Over the next year, this is kind of an unknown, but if looking at it for the long-term, they’ll probably be alright.

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Yamana Gold Inc. (YRI-T)
February 1, 2017

This has been lagging some peers lately. Their last report showed that their all-in sustaining costs were relatively high at around $930. Thinks there were some setbacks in 1 or 2 projects. However, overall this is a fairly good company, and relative to the others, it looks fairly inexpensive. There is going to be a fair amount of CapX going forward. Over the next year, this is kind of an unknown, but if looking at it for the long-term, they’ll probably be alright.

COMMENT
COMMENT
January 4, 2017

They tried to do a Rights Offering to spin out Brio Gold, and only about 25% were taken up. It has left the company with a bit of a debt situation. Going into 2018, they are going to have to raise some money somehow, to pay down some debt. There are other options where you don’t have this overhang.

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Yamana Gold Inc. (YRI-T)
January 4, 2017

They tried to do a Rights Offering to spin out Brio Gold, and only about 25% were taken up. It has left the company with a bit of a debt situation. Going into 2018, they are going to have to raise some money somehow, to pay down some debt. There are other options where you don’t have this overhang.

HOLD
HOLD
December 23, 2016

Wouldn’t be his top pick, as he sees them having less cash flow generation, and more political risk with some of the jurisdictions they are in. They have a lot of mines on the go right now and having a hard time managing the growth operationally. He is getting a little more bullish on golds. (See Top Picks.)

Show full opinionHide full opinion
Yamana Gold Inc. (YRI-T)
December 23, 2016

Wouldn’t be his top pick, as he sees them having less cash flow generation, and more political risk with some of the jurisdictions they are in. They have a lot of mines on the go right now and having a hard time managing the growth operationally. He is getting a little more bullish on golds. (See Top Picks.)

SELL
SELL
December 22, 2016

If you want to recognize the tax loss, tomorrow is the last day. This is not his favourite name in the gold space. However, he thinks it is oversold and getting to a valuation level that is somewhat attractive. They have constantly missed on the cost side of their production. He tends to like gold companies that are growing their ounce base, and this one is no longer in that position. He is short on this. If he held this, he would switch to Mag Silver (MAG-T).

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Yamana Gold Inc. (YRI-T)
December 22, 2016

If you want to recognize the tax loss, tomorrow is the last day. This is not his favourite name in the gold space. However, he thinks it is oversold and getting to a valuation level that is somewhat attractive. They have constantly missed on the cost side of their production. He tends to like gold companies that are growing their ounce base, and this one is no longer in that position. He is short on this. If he held this, he would switch to Mag Silver (MAG-T).

COMMENT
COMMENT
December 6, 2016

He doesn’t see a long-term secular story on gold and would just use this as a trade.

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Yamana Gold Inc. (YRI-T)
December 6, 2016

He doesn’t see a long-term secular story on gold and would just use this as a trade.

COMMENT
COMMENT
November 25, 2016

Seasonally, you want to be in gold miners from about the end of July through to October. They can have a bit of a bump up in January and February. The chart shows lower highs and lower lows, and is constantly resisting at the 20-day moving average. The 20-day moving average comes in at about $4.41.

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Yamana Gold Inc. (YRI-T)
November 25, 2016

Seasonally, you want to be in gold miners from about the end of July through to October. They can have a bit of a bump up in January and February. The chart shows lower highs and lower lows, and is constantly resisting at the 20-day moving average. The 20-day moving average comes in at about $4.41.

DON'T BUY
DON'T BUY
November 22, 2016

There are 3 reasons to own gold. 1.) You think there is a disaster coming. 2.) You think there is big inflation. 3.) You think the US$ is going down a bunch. The US$ is rallying, and there is no disaster in the near term. Money is leaving the sector.

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Yamana Gold Inc. (YRI-T)
November 22, 2016

There are 3 reasons to own gold. 1.) You think there is a disaster coming. 2.) You think there is big inflation. 3.) You think the US$ is going down a bunch. The US$ is rallying, and there is no disaster in the near term. Money is leaving the sector.

COMMENT
COMMENT
October 26, 2016

Based on global inflation expectations, he thinks we have seen a bottom in gold, and it is going to work its way higher over time. However, the shorter-term picture is really dictated by interest rates. If the Fed makes an interest rate hike in December and it seems like things are on hold for a while, gold will probably stabilize and start working its way back up based on inflation. He has taken his gold position down, but is now starting to look at it again.

Show full opinionHide full opinion
Yamana Gold Inc. (YRI-T)
October 26, 2016

Based on global inflation expectations, he thinks we have seen a bottom in gold, and it is going to work its way higher over time. However, the shorter-term picture is really dictated by interest rates. If the Fed makes an interest rate hike in December and it seems like things are on hold for a while, gold will probably stabilize and start working its way back up based on inflation. He has taken his gold position down, but is now starting to look at it again.

DON'T BUY
DON'T BUY
October 14, 2016

This is having a problem, and could be forming what is called a death cross, when the 50 day moving average falls below the 200 day moving average. The chart shows an almost perfect “head and shoulders pattern”. When you have this pattern, you take the height from the previous range, and the downside risk is to that same range. Not a good situation to be in.

Show full opinionHide full opinion
Yamana Gold Inc. (YRI-T)
October 14, 2016

This is having a problem, and could be forming what is called a death cross, when the 50 day moving average falls below the 200 day moving average. The chart shows an almost perfect “head and shoulders pattern”. When you have this pattern, you take the height from the previous range, and the downside risk is to that same range. Not a good situation to be in.

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