Yamana Gold Inc.

YRI-T

TSE:YRI

6.63
0.31 (4.47%)
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
COMMENT
COMMENT
July 29, 2015

They still seem to have the cash flow to cover their dividend. People are questioning what is going to happen to the reserves at Cerro Morro. The Malartic mines seem to be doing well. This is not really a low cost producer. If he were to see gold go under $1000 an ounce, a lot of these companies would be beat up even more, and we are not that far away from there.

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They still seem to have the cash flow to cover their dividend. People are questioning what is going to happen to the reserves at Cerro Morro. The Malartic mines seem to be doing well. This is not really a low cost producer. If he were to see gold go under $1000 an ounce, a lot of these companies would be beat up even more, and we are not that far away from there.

PAST TOP PICK
PAST TOP PICK
July 24, 2015

(A Top Pick Aug 8/14. Down 71.7%.) Has good property in good locations with cost of production at around $1200. They are getting there in terms of the limit. At some point this project will be acquired.

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(A Top Pick Aug 8/14. Down 71.7%.) Has good property in good locations with cost of production at around $1200. They are getting there in terms of the limit. At some point this project will be acquired.

DON'T BUY
DON'T BUY
July 14, 2015

Gold stocks have a problem because gold is not in an uptrend. Also, their costs don’t change much as the price goes down. Unless they are hedging out their commodity, it can be an uglier story for the producers. Chart shows it has been in a pretty long downtrend from late 2012 and is having trouble finding support. There is nothing below its current price that would act as a support.

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Gold stocks have a problem because gold is not in an uptrend. Also, their costs don’t change much as the price goes down. Unless they are hedging out their commodity, it can be an uglier story for the producers. Chart shows it has been in a pretty long downtrend from late 2012 and is having trouble finding support. There is nothing below its current price that would act as a support.

SELL
SELL
July 6, 2015

This is a case of a company that was well loved and was recommended by a lot of professionals. The chart shows an advance from 2010 up to the end of 2012, followed by a break down. Bullion made a low in mid-2013 and mid-2014, and this company took out the lows of the broader indices and gold, so it is a poor relative performer. He would ignore the story and move on to other gold stocks. If you’re going to go for gold, buy a basket suchs as the iUnits XEG-T, BMO ZJG-T or iUnits XGD-T.

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This is a case of a company that was well loved and was recommended by a lot of professionals. The chart shows an advance from 2010 up to the end of 2012, followed by a break down. Bullion made a low in mid-2013 and mid-2014, and this company took out the lows of the broader indices and gold, so it is a poor relative performer. He would ignore the story and move on to other gold stocks. If you’re going to go for gold, buy a basket suchs as the iUnits XEG-T, BMO ZJG-T or iUnits XGD-T.

COMMENT
COMMENT
June 17, 2015

An intermediate gold producer. Have 3 pretty interesting, high-quality assets, Chapada, Artic mine and El Penon. However, when he looks at the rest of the portfolio, it is a little bit stretched and they are smaller, scrappier assets. While the 3 core assets could probably trade at a premium, the rest of the portfolio drags down that target multiple you expect to see it trade at. NAV is about where it is trading at. Have taken on a lot of debt, and management is a big question mark in the eyes of investors.

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An intermediate gold producer. Have 3 pretty interesting, high-quality assets, Chapada, Artic mine and El Penon. However, when he looks at the rest of the portfolio, it is a little bit stretched and they are smaller, scrappier assets. While the 3 core assets could probably trade at a premium, the rest of the portfolio drags down that target multiple you expect to see it trade at. NAV is about where it is trading at. Have taken on a lot of debt, and management is a big question mark in the eyes of investors.

COMMENT
COMMENT
June 16, 2015

This is hitting new lows. He suspects they will be writing off a lot of stuff from their balance sheet, probably in the next few quarters.

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This is hitting new lows. He suspects they will be writing off a lot of stuff from their balance sheet, probably in the next few quarters.

COMMENT
COMMENT
June 11, 2015

Gold miners tend to do well from July through to September, which is a time when there is a pickup in volatility. There has already been a bit of a basing pattern in gold itself. The miners are not reacting as of yet, but this one could be setting up. There is support at about $4. You could take a position to play the volatility to the end of the summer. It’s not showing the uptick as yet, but you do have a crossing point which could be your Stop level.

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Gold miners tend to do well from July through to September, which is a time when there is a pickup in volatility. There has already been a bit of a basing pattern in gold itself. The miners are not reacting as of yet, but this one could be setting up. There is support at about $4. You could take a position to play the volatility to the end of the summer. It’s not showing the uptick as yet, but you do have a crossing point which could be your Stop level.

COMMENT
COMMENT
June 10, 2015

There is an issue with the CEO’s compensation. This stock is on his radar screen and he has his finger over the Buy button because he likes that it is a low cost operator and shedding off their 3 troubled Brazilian mines in the 3rd quarter. That should help refocus the company on its core assets which are not giving them as many problems. Given the seasonal aspect of July-September, this is not a bad entry point.

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There is an issue with the CEO’s compensation. This stock is on his radar screen and he has his finger over the Buy button because he likes that it is a low cost operator and shedding off their 3 troubled Brazilian mines in the 3rd quarter. That should help refocus the company on its core assets which are not giving them as many problems. Given the seasonal aspect of July-September, this is not a bad entry point.

COMMENT
COMMENT
May 8, 2015

His valuation chart of the company shows it is trading at 50% of the BV, which is as low as it has traded in all the years that he has a history on it. One of the big problems is that earnings forecasts continue to go into the ditch. Finally the FMV has fallen so far that it has caught up with the price. Thinks the outlook for gold bullion is good when he sees what the Central Banks globally are doing.

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His valuation chart of the company shows it is trading at 50% of the BV, which is as low as it has traded in all the years that he has a history on it. One of the big problems is that earnings forecasts continue to go into the ditch. Finally the FMV has fallen so far that it has caught up with the price. Thinks the outlook for gold bullion is good when he sees what the Central Banks globally are doing.

COMMENT
COMMENT
May 7, 2015

On his watch list. It still has too many problems for him at this time, but has a lot of characteristics of a contrarian company.

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On his watch list. It still has too many problems for him at this time, but has a lot of characteristics of a contrarian company.

COMMENT
COMMENT
May 1, 2015

He owns a little of, but it is not his top preference. His company has this with a $6.50 US target, and as a sector outperform.

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He owns a little of, but it is not his top preference. His company has this with a $6.50 US target, and as a sector outperform.

COMMENT
COMMENT
April 27, 2015

Likes gold longer-term, but in the short term he doesn’t know what is going to propel it. Feels that in the long term, 2-4 years, gold will be much higher because someone at some point is going to wake up about all of the paper that the government has printed, which is going to risk inflation, defaults, etc. His main focus is Goldcorp (G-T).

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Likes gold longer-term, but in the short term he doesn’t know what is going to propel it. Feels that in the long term, 2-4 years, gold will be much higher because someone at some point is going to wake up about all of the paper that the government has printed, which is going to risk inflation, defaults, etc. His main focus is Goldcorp (G-T).

WATCH
WATCH
March 26, 2015

Is on his watch list. Not of tremendous interest but when it catches fire it could move quickly. The financial statements are not great and they are looking to take care of that. When gold prices go up this one will go up a lot more than others because a lot of people follow it.

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Is on his watch list. Not of tremendous interest but when it catches fire it could move quickly. The financial statements are not great and they are looking to take care of that. When gold prices go up this one will go up a lot more than others because a lot of people follow it.

BUY
BUY
March 2, 2015

They have had some operational difficulties that are now behind them.

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They have had some operational difficulties that are now behind them.

COMMENT
COMMENT
February 18, 2015

If you like golds, this is one of the best managed companies along with Goldcorp (G-T). He is completely out of the sector right now. Thinks there is just too much manipulation going on. He is going to stay away until he sees some signs of inflation.

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Yamana Gold Inc. (YRI-T)
February 18, 2015

If you like golds, this is one of the best managed companies along with Goldcorp (G-T). He is completely out of the sector right now. Thinks there is just too much manipulation going on. He is going to stay away until he sees some signs of inflation.

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