Yamana Entering Period of Strong Free Cash Flow GenerationBofA/Merrill Lynch resumes coverage on Yamana Gold (NYSE:AUY) with a Buy rating and a price target of $6.25, citing an improved balance sheet and expected positive FCF in 2015-2016. Analyst Michael Jalonen noted Yamana is entering a period of strong free cash flow generation ($272/$295mn in 2015/16 vs. negative $208mn in 2014 and is trading at a 28% P/NAV discount to peers.