Yamana Gold Share Discussion Threads

[jenson joyce] 05/3/2009 17:29

Nice looking chart there Shutler.

[shutler] 05/3/2009 17:24

free stock charts from www.advfn.com

..well that wasn't as hard as I thought.

[shutler] 05/3/2009 17:16

Thanks kinbasket. Up over 8% in NY/Canada and looks to be bouncing nicely from both bottom trendline and 50 day moving av. (no good at posting charts, alas). Upper trendline at around US$11 at present. MACD also maybe about to turn up...all in all this looks good at present.

[kinbasket] 05/3/2009 15:03

Pretty much agree but I make the PE nearer to 13 at $8.41.

Like you say on a peer group comparison it's by far the cheapest large cap goldie. It's also pretty much the lowest cost producer too.

Forward PE must be lower as production should be 1.35moz for 09 and so far costs are down, gold is up and copper is looking stronger.

Seems to trade along with the POG which is a PITA but over the long run it should receive recognition for being a nice little cash machine.

Strong balance sheet now too. That was an oft cited problem with Yamana.

Should pay the bills with this one.

[shutler] 05/3/2009 13:26

Anyone out there able to verify - I get this on a present PE of about 14 which in my view makes this still significantly undervalued compared to its' peer group.

In their presentation info just released, they have their peer average as 52 (using Agnico-Eagle, Kinross and Goldcorp). I think that's a bit selective, but even if you look at a wider group PE average, say from Bill Matlack's analyst ratings for Large Cap gold Companies (includes above + AngloAshanti, Barrick, Buenaventura, Gold Fields, Newcrest, Newmont and Polyus) the forward average PE for 2009 is 27.5!



Given that production looks set to go up significantly this year and perhaps margins will continue to increase, there must be a good chance that the forward PE for Yamana is even lower than 14 giving considerable room for share price appreciation.

This is def. my favorite large cap and I'm hoping to see some movement and recognition in the coming weeks and months.

[dbrckll] 05/3/2009 13:06

Record results in trading statement -

[hectorp] 05/3/2009 11:59

Maybe folk are selling HOC to buy YAU, there is not a lot of cash around these days.
I'm only in HOC and KAZ ( both well down today)

[ukgeorge] 05/3/2009 11:13

what is also good is that copper price has strengthened over the last week which is quite a major by product for Yau.

[shutler] 05/3/2009 11:07

Results are out...looks very good to me, but I'll admit to being a relative novice with reading accounts. Anyway last qt. production up 8% and net earnings at $0.63 for full year appears to be way ahead of Bill Matlack analyst consensus of $0.43 (general avail. on Kitco). Haven't worked out PE but pretty sure this will place it even further below most if not all of its' peer group. Would be keen to hear the views of others better placed to analyse these figures than me.

[mad jack mcmad] 04/3/2009 09:35

Yamana Gold Announces Record Reserves and Resources
Proven and probable gold reserves increase 8%; measured and indicated resources increase 22% -

[scottishfield] 25/2/2009 12:44

little pullback currently but that's all,

[scottishfield] 22/2/2009 12:40

In hoc also, happy in both, rgds,

[kindlm] 21/2/2009 14:17

Scottish, same as FRES, but managed to bounce back up. Check out HOC. (Silver) price target £3.40

[scottishfield] 21/2/2009 12:49

Well, my little top up yesterday aft didn't do the trick, for once when gold went up, yau went down. Never mind.

[roguetreader] 20/2/2009 20:54

Possibly, I would have thought they would only bring it forward if the news is either good or there has been a change that is neutral, can't see why they would bring forward bad news. Or I am I just looking for the positives?

[roguetreader] 20/2/2009 20:54

Possibly, I would have thought they would only bring it forward if the news is either good or there has been a change that is neutral, can't see why they would bring forward bad news. Or I am I just looking for the positives?

[scottishfield] 20/2/2009 19:17

A confidence move?

[roguetreader] 20/2/2009 18:04

Anyone know why they may have brought the announcement of their Q4 and yearend 2008 results forward:

,TORONTO, ONTARIO, February 17, 2009 – YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: YAU) today announced that its fourth quarter and year-end 2008 financial results will be released after market close on March 4, 2009. A conference call and webcast will follow on March 5, 2009 at 11:00 am EST. The results were previously scheduled to be released on March 24, 2009 with a conference call to follow

[ukgeorge] 20/2/2009 14:49

wishing i had more conviction in november, seems so long ago that gold was $680 briefly and these sub £3

[scottishfield] 20/2/2009 14:34

just topped up today

[ukgeorge] 20/2/2009 13:39

surely heading to £7 when US/Canada opens Gold at $992

[jenson joyce] 17/2/2009 18:16

Yau outperforming the HUI again and currently over C$12, up 9%.

[fast investor] 17/2/2009 15:04

Mr. Stewart initiated coverage on Yamana late last week, rating the stock a "buy" with a C$13 price target, based in part on a gold price assumption of $725 per ounce.

Based on our 2009 estimates, it currently trades at a 15.5x P/E multiple versus the peer average of 24.8x and a 9.9x P/CFPS versus the peer average of 15.0x. We submit that Yamana is under-valued in comparison to its peers offering investors a good entry point.

[fast investor] 17/2/2009 15:03

Mr. Stewart initiated coverage on Yamana late last week, rating the stock a "buy" with a C$13 price target, based in part on a gold price assumption of $725 per ounce.

Based on our 2009 estimates, it currently trades at a 15.5x P/E multiple versus the peer average of 24.8x and a 9.9x P/CFPS versus the peer average of 15.0x. We submit that Yamana is under-valued in comparison to its peers offering investors a good entry point.