Yamana is a gold buy

Article Excerpt

YAMANA GOLD $3.19 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 948.9 million; Market cap: $2.9 billion; Dividend yield: 0.8%) owns and operates seven gold mines, in Canada, Brazil, Chile and Argentina.This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018. Yamana also holds 20.5% of Leagold Mining (symbol LMC on Toronto). That gold producer owns mines in Mexico and Brazil. With a full year’s contribution from Cerro Moro, Yamana should produce 956,000 ounces of gold in 2019. Cash flow per share should be $0.65 U.S. for 2019, with shares trading at just 3.3 times that estimate. Like most gold stocks, the company’s shares are heavily influenced by gold prices. Still, Yamana’s positive cash flow and steady production give it speculative appeal Yamana Gold is a buy. buy…

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