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Yamana Gold Inc. T.YRI

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.


TSX:YRI - Post by User

Bullboard Posts
Comment by RichyRich$on Apr 29, 2014 1:40am
281 Views
Post# 22501026

RE:New 52 Week Low ---$8.20

RE:New 52 Week Low ---$8.20Historically, the gold mining industry moves 6 months ahead of spot gold, when bottom is reached. If spot gold heads onto a long-term up in 2015, the gold mining sector will move around end of this summer or fall. Yamana will be different, it'll go up even if spot gold falls to $1,000 because the manipulation dropped it to that level based on recent comparisons. Based on 2006 the price reflects gold at $600. A good comparison on how good a deal Yamana is now is comparing the non-leveraged gold mining ETF that trscks the top 50 miners. XGD.TO. it used to trade head to head with YRI.TO in 2013. YRI.TO would sometimes lag behind XGD.TO by 50 cents at most. Now XGD.TO is $11.50 and YRI.TO $8.20. That's a $3.30 spread. What really happened in the last 3 months to make it deviate from the index so much? Not much, the new acquisition won't dilute share prices of Yamana because similar priced. Wall Street is using the fact they think Yamana paid slightly too much for the aquisition as an excuse for price manipulation. Tomorrow they manipulate back up to start making money. It's a crazy deal, buy it at these prices while you can. Punch in the charts XGD.TO And YRI.TO and compare them last year. You'll see what I mean. Ususally YRI.TO mean reverts back closer to XGD.TO which is $11.50 now.
Bullboard Posts