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YAU Yamana Gold

698.25
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Yamana Gold Investors - YAU

Yamana Gold Investors - YAU

Share Name Share Symbol Market Stock Type
Yamana Gold YAU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 698.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
698.25 698.25
more quote information »

Top Investor Posts

Top Posts
Posted at 26/9/2013 16:19 by ifthecapfits
New presentation that I hadn't seen.
Posted at 02/5/2013 15:18 by ifthecapfits
Borrowed from the MML thread.
Posted at 27/3/2013 09:53 by ifthecapfits
Borrowed from the Gold thread.
Posted at 23/10/2012 00:27 by bluesbreaker
"Scotia Capital upgraded shares of Yamana Gold (NYSE: AUY) from a sector perform rating to an outperform rating in a research note released on Thursday morning.

"Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital initiated coverage on shares of Yamana Gold in a research note to investors on Tuesday, October 16th. They set an overweight rating and a $25.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Yamana Gold in a research note to investors on Wednesday, October 10th. They set an overweight rating and a $25.00 price target on the stock. Finally, analysts at Dundee Securities raised their price target on shares of Yamana Gold from $17.00 to $22.00 in a research note to investors on Wednesday, October 3rd. They now have a neutral rating on the stock..."
Posted at 20/10/2012 08:14 by bluesbreaker
"...Recent price action signalled the breakout (E). A minor correction may occur. Only a decline below about $16 would be negative. Point & Figure measurements provide targets of $24 and $27. Higher targets are visible..." [my underlining]

Article:

Accompanying chart:
Posted at 03/10/2012 08:00 by bluesbreaker
The times they are a-changing...

"Fund managers dump bullion for gold shares

"Professional investors who want exposure to gold are starting to put their money in gold-related shares rather than the metal itself.

"Gold shares are being snapped up by fund managers in place of bullion, as the derating that has occurred over the past three years looks to right itself.

"Alastair Mundy who runs the Investec Cautious Managed fund and Jon Rebak who runs HSBC Open Global Distribution have increased their exposure to gold shares and reduced exposure to gold bullion. Troy Trojan multi-asset manager Sebastian Lyon has gold shares and gold bullion dominating his top holdings.

"There is a large disparity between the price of gold bullion – which has experienced an almost flawless 10 year bull run – and gold shares, but experts are predicting a re-rating. Production picked up in the second quarter to the end of June, buoying precious metal mining shares.

"Chelsea Financial Services said that now was the time to buy.

"'A stronger second half from corporates on the production front, a rising gold price and an oil price with limited upside should assist gold equities in providing earnings leverage,' said Darius McDermott of Chelsea. 'Longer term, as the market becomes more comfortable with "higher for longer" gold prices, the equities should re-rate further.'

"Precious metals specialist Evy Hambro who runs the £2.9bn BlackRock Gold & General fund said in his weekly gold report that quantitative easing would be positive for commodities and gold shares.

"'QE3 is good for commodities, at least in the short term. That this round of easing is open-ended and may be accompanied by additional quantitative measures could well provide the impetus for a more sustained uptrend. Longer-term, supply-demand fundamentals remain broadly supportive of gold prices,' he said.

"'Gold equities are trading at attractive valuations on a number of metrics. A feature of the industry is an increase in dividend payments. In our view, this trend is likely to continue and could increase the attractiveness of gold shares relative to their key competitor – gold Exchange Traded Funds (ETFs) – and so could aid a re-rating.'"



Thanks to Thomas Tallis on the other site's YAU board, who found this.
Posted at 05/9/2011 16:38 by qs9
YAU surely looks like it has some way to go iMO. Was looking back last night through its stats and investor stuff and on its gold production ramp up alone as a low cost producer, with POG heading IMO even further north: a p/e of 9 for 2012 looks very low, especially when combined with what must be IMO now a net cash position. Compare that with the likes of Randgold and its rating.....enough said. Hopefully a few more followers on here and institutionally as well will help this show some material increases, and some +ve RNS's showing the drop through of POG increase to bottom line and cash will help!

good luck all
Posted at 21/9/2010 12:00 by ukgeorge
Also old but nice to see

Yamana Gold Inc. - This is an announcement being made to comply with the
relevant requirements of the Disclosure, Transparency and Listing Rules of the
UK Listing Authority

TORONTO, Aug. 13 /CNW/ - Pursuant to Chapter 3.1.4 of the Disclosure and
Transparency Rules the Company announces that it was notified that on August
12, 2010 Peter Marrone, Chairman and CEO of the Company purchased 40,000
common shares at a price of CDN$10.31 and Richard Graff, Director of the
Company purchased 15,000 common shares at a price of US$9.90.


For further information: Name: Letitia Wong, Director, Investor Relations,
Telephone: 416-815-0220, Email: investor(at)yamana.com
(YRI. AUY YAU)
Posted at 21/9/2010 11:56 by ukgeorge
there is quite a good article on stockhouse, ticker yri



Yamana Gold: Assessing Its Mettle
by: Soos Global CapitalSeptember 17, 2010



By Ed Leventhal

I've owned Yamana Gold (AUY)as part of a basket of gold exposure within an overall global portfoliosince June 2009, with purchase prices in the $9 area, plus or minus.

For those who aren't familiar with the stock, MarketGrader reports:

YamanaGold engages in the acquisition, exploration, development, andoperation of gold properties. The company also focuses on copper andsilver projects. It holds gold production, gold development stage, andexploration stage properties, as well as land positions in Brazil,Chile, Argentina, Mexico, and Colombia. The company has seven producingmines and seven development stage projects. Its principal producingmines include the Chapada, Jacobina, and Fazenda Brasileiro mineslocated in Brazil; the El Penon and Minera Florida mines in Chile; andthe Gualcamayo mine in Argentina. The company was founded in 2003 and isheadquartered in Toronto, Canada.

With the stockclosing today at $10.90, even though I'm making money, it's hard to feeltoo good about my Yamana experience. Have a look at why:

(Click to enlarge)

Thegraph plots AUY against the S&P Index, and some comparable stocksthat investors often use to express their views on gold (Barrick Gold (ABX), Freeport (FCX) and the gold ETF GLD). The blue shaded area reflects the AUY price change over the period since June 2009. A clear underperformer.

Surprising?It certainly is if you expected AUY to be a proxy for gold's meteoricsurge, and all the more so if you consider the recent hike in thedividend by 33% (though, admittedly, the absolute percentage yield isuninspiring). But maybe not if you consider that Yamana has lots of goldproduction potential (and other metals) that is still a couple of yearsaway from surfacing and being monetized.

In an analyst report done by Morningstar in Q2, they noted some important facts that help explain both the rationale and risks of owning AUY:

Througha combination of mine developments and acquisitions, most notably theacquisition of Meridian Gold in October 2007, Yamana has been able toincrease its gold output more than twenty-fold since 2005. The companyhas accumulated an attractive portfolio of gold and silver mines inCentral and South America, with co-product cash costs under $400 pergold-equivalent ounce, comfortably below the industry average.

Yamana'smines also have relatively long reserve lives, with proven and probablereserves of gold-equivalent ounces projected to last over two decadesgiven 2009 production levels.

Even though Yamana has canceled someupcoming expansion projects and curtailed its gold productionexpectations, the firm still anticipates producing approximately 1.5million gold-equivalent ounces by 2013, a substantial increase from itsoutput of approximately 1 million ounces in 2009.

However, thebulk of Yamana's projects are scheduled to begin production around 2012,meaning that the firm will likely not start accruing benefits from itsrobust development pipeline for several years to come. Even further downthe road, Yamana could benefit from its world-class Agua Rica depositin Argentina, which contains sizable amounts of gold, silver, copper,and molybdenum

The next earnings announcement for AUYis expected in the first week of November, and the microscope will beready to go to work on assessing all of the issues affecting the companyand the stock. That seems like a lifetime from now, though, especiallyif you're among the school of thought that says gold will continue itsclimb to the stratosphere.

(Click to enlarge)

Theprice move of AUY in the past couple of days is certainly admirable andis making up for some lost ground ... but the point of this article isto suggest a close look and a deep dig into the valuation of this stock.

There'sstill a camp out there that believes that AUY's luster hasn't faded andthat current holders are paying their dues in anticipation ofproduction that only the passage of time will deliver. Others are lesspatient and fear that production costs and delays will make that paydaytoo far out in the future, especially when compared to alternative,comparable assets that could be used to express the same bullish goldview.

Disclosure: Author long AUY, GLD, SLV, SPY
Posted at 08/3/2010 19:53 by contrarian2investor
Hi all holders,

Yawanna Keep Yamana
By Christopher Barker
March 5, 2010 | Comments (5)


Sometimes the runner that sprints to win the day is the very one that lagged the pack through the early going.

Although shares of Yamana Gold (NYSE: AUY) have appreciated some 170% since I suggested back in October 2008 that Yawanna Have Yamana, compared to golden multibaggers like IAMGOLD (NYSE: IAG) and Eldorado Gold (NYSE: EGO) ... Yamana has actually been a noteworthy laggard.

In fact, over the past two years of this multiyear marathon, Yamana has been bringing up the rear. Even titans like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM) have fared better over that period, which is definitely not something I thought I'd be saying two years ago.

Like a well-conditioned athlete that's picking its moment to surge, however, Yamana still appears poised to reward patient shareholders with relative outperformance over many of its gold mining peers as this bull market matures. Despite the palpable frustration on Wall Street with Yamana's less-than-stellar earnings result for the fourth quarter of 2009, I maintain that this low-cost leader is one high-grade producer that yawanna keep around.

A sequential production decline -- associated with operational hiccups at El Penon that will persist through the first quarter of 2010 -- brought Yamana's yearly total to 1.02 million gold equivalent ounces (GEOs). Even adding production from discontinued operations to tally 1.2 million ounces, Yamana's production remains well shy of its previously targeted pace of achieving 2 million ounces by 2012. The revised plan sees just 1.5 million ounces by 2013, highlighting the more justifiable portion of the market's frustration.

Also dampening investor enthusiasm is Yamana's persistent exposure to derivative and currency-related losses that mercilessly chip away at the bottom line. In the fourth quarter, those hits included some $45.2 million from future income tax adjustments, derivative losses, and foreign exchange losses. Derivative losses from miners like Yamana and Kinross Gold (NYSE: KGC) have been a tough pill to swallow for gold investors, but perhaps those items might be better received without an added $15.4 million in executive bonuses and stock-based compensation.

As a longtime Yamana shareholder, I share in the multiple disappointments of these reduced production targets, operational snags, and annoying kinks in the bottom line. However, I believe that the market has gone entirely too far in discounting the shares for these well-documented ills. Beyond a hopeful development pipeline that includes four new mines approved for construction, Yamana is eyeing substantial reserve growth in 2010 and investing some $80 million in exploration. I stand by my recent selection of Yamana Gold as the best bargain among gold miners ... a designation with which 73% of 1,100 readers responding to our Motley Poll agreed. In case some Fools are having second thoughts, I truly believe that yawanna keep Yamana.

Fool contributor Christopher Barker's selection of Yamana Gold for his silverminer CAPS portfolio has outperformed the S&P 500 by roughly 131 percentage points since November 2008. The stock has earned three stars out of five, with more than 3,500 investors expecting further outperformance. Join the free Motley Fool CAPS community today, and share your own outlook for Yamana Gold.

Christopher Barker can be found blogging actively and acting Foolishly in the CAPS community under the user name TMFSinchiruna. He tweets. He owns shares of Eldorado Gold, IAMGOLD, Kinross Gold, and Yamana Gold. The Motley Fool has a gilded disclosure policy.

c2i
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