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Real-Time news about Yamana Gold (London Stock Exchange): 0 recent articles
|qs9: YAU going bonkers, great stuff....next results due end of Oct....hopefully with PoG much higher than previous report, we should see some material upside in figures and IMO therefore share price!!|
|ukgeorge: very disapointing share price performance.|
I don't make recommendations.
Among my Canadian tiddlers:
All of which I hope to obtain serious appreciation over the decade ahead.
IMHO Low or no debt, plus great resource base and seasoned management equals eventual share price appreciation.
Buy and hold is not dead when you buy quality opportunities. Well that is the hope anyway. Patience is the watch word, something most buyers don't appear to have on some bbs.
Case in point, today my UK oil tiddler AEX which had previoulsy been a dog (it fell to 4.6p in Mar 09) hit a new 12 month high of 15p.
|thedinnerlady: Thanks UK George. Always good to see upgrades but his corresponding share price targets seem odd. Particularly gold 1065 to 1200 and much higher 2011 but Goldcorp share price target just $49 to $50! Shows how much analysts remain behind the curve in these bigger cycles.|
|ukgeorge: looks like quite a good top up time not to far away from 200mda, so would hope for a bounce gold price looks a bit vunerable imo may drop back to $1050
Yamana Gold's improved outlook prompts upgrade to buy from neutral
New and improved forecasts for gold, silver and copper will bolster upside in Yamana Gold Inc. shares over the next year, says Dundee Securities analyst Ron Stewart.
Mr. Stewart upgraded Yamana to "buy" from "neutral" this week, raising his price target on the miner 50¢ to $14.50.
"We recommend investors consider YRI as a relatively stable and liquid precious metal equity based on the current outlook," the analyst said.
The update comes in the wake of Dundee's revised metals forecast that now anticipates gold bullion to average US$1,200 per ounce in 2010 versus its previous estimate of US$1,065 and US$1,325/oz in 2011, up from US$1,000.
Silver prices are expected to hit US$20 this year and US$22 in 2011, up from prior forecasts of US$17.50 and US$16.50, while copper price expectations increased to US$3.25 per pound from US$3 in 2010 and to US$3 from US$2.75 in 2011.
Mr. Stewart also raised his recommendation on Goldcorp Inc. to "buy" from "neutral," and increased his price target to $50 from $49.
"Given the increase in our valuation and the recent dip in the share price, we now consider [Goldcorp] to be undervalued," Mr. Stewart said.
YAMANA GOLD INC.
YRI/TSX, $11.74, down 30¢
Read more: http://www.financialpost.com/story.html?id=2466015#ixzz0dEb72dLI
The Financial Post is now on Facebook. Join our fan community today.|
A lot of that volume is linked to ETF-related purchases. Which bodes well for the current share price appreciation.
|avc0nway: QS9 - 8 Sep'09 - 09:51 - 885 of 886
Nicely up again, anyone else in?
UKGeorge - 8 Sep'09 - 09:52 - 886 of 886
I used to be (and I used to post - 522, 598, and 623), but was puzzled always to see RRS outperforming YAU (it seemed driven more by sentiment than by figures), but by late November 2008 for exposure to gold I moved out of YAU and into RRS, and more recently into AGLD, prompted to this move not only by YAU's flat-lining share-price, but also by a sale of YAU assets that I thought had a scurrilous smell (I've just been searching this thread and RNSs for a reference to that disposal, but cannot easily find the announcement).
I have YAU on my watchlists, but I'm not (yet) tempted to become a holder again.
|ukgeorge: one thing that will be helping Yau is the recent increase in copper price. yes the share price has not done very well. but im happy leaving some money in yau, still one of the best gold shares traded in the uk|
|pippin99: UK George - On the other hand Seeking Alpha's "The Gold Report" in an interview with Frank Holmes, CEO and chief investment officer at U.S. Global Investors has some interesting observations about gold in general and YAU in particular. This fund has a position in Yamana about which he commented as follows:
"One of the biggest disappointments was Yamana Gold Inc. Again, Yamana made commitments or made statements to the Street and all the analyst were very bullish, and they just never delivered the production per share that they were going to deliver for each quarter for the past six quarters. So, they were the number-one pick for their growth, and they never delivered it."
So, as with all analysts' reports, you pay your money, and you take your choice.
It's all about timing really.
IMO YAU's BoD need to pull a finger out, and get the share price moving. They're
lagging their peers by some margin at the moment. And all this at a time when gold looks like breaking the $1000 barrier sometime soon.|
|pippin99: At least Seeking Alpha seems to think that the present dip in YAU's share price is a good opportunity to climb on board:
The comments following the article put a bit of perspective on the investment case though.
Nothing, however, is mentioned about a possible takeover. Maybe the shenanigans over the recent asset disposals is all about lining up Peter Marrone with a new job, if they are taken over....who knows?
Anyway just hoping that YAU can, in due course, produce a chart like my other gold investment - Medusa (MML)|
Yamana Gold share price data is direct from the London Stock Exchange