Scotia Had Yamana Gold At Sector Perform >AUY
Yamana Gold Tgt Cut To C$13 From C$16 By Scotia >AUY
Last Update: 10/8/2008 9:16:38 AM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
October 08, 2008 09:16 ET (13:16 GMT)
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SINGAPORE (Dow Jones)–Canadian brokerage Blackmont Capital says the gold and
silver mining sectors are set for a busy period of merger and acquisition
activity as larger mining companies buy their junior peers.
“While the volatile markets and global financial crisis are deservedly dominating
discussions these days, we believe the stage is set for an unprecedented increase
in merger and acquisition [...]
Fundamentally, AUY is a great company with potential. Here are some of the things that I noticed why reading through their 10Ks and 10Qs:
1) I think they have higher operating costs due to their acquisitions during late 2007 and they are still in the process of integration. Higher cost results in lower margin. Usually, it [...]
Inflation rises as the dollar weakens.
Dollar strength is always relative to currencies, commodities or
derivatives it is traded with.
When an injection of currency (USD) is placed into a market, it
dilutes the pre-existing currency.
That dilution is inflationary.
When a currency is stripped from the market, then the value is raised
making the move accretive for the underlying currency.
We [...]
There will be an unprecedented wave of merger and acquisition activity in the gold and silver space that will see junior miners and development companies victimized by factors beyond their control and snatched up by senior and mid-tier producers making use of their healthy cash flows and stable balance sheets, according to a new report [...]
TORONTO (Reuters) - Yamana Gold (AUY) is not on the hunt for acquisitions, the company’s chief executive said on Tuesday.
“We’re committed to growth, but it is organic growth for this company for the next year to couple of years, at least,” CEO Peter Marrone said at the Denver Gold Forum.
“I believe that we have better [...]
What do you think the buyout price would be? I estimate 2B cash, and a 1:3 abx:auy shares.
That comes out to $9.66 in stock (at abx $29) and $2.86 cash per share = $12.52 or a 50% premium to current AUY prices. Total purchase price = 8.7B
This would dilute ABX to a little [...]
While gold prices have had a tough time lately, they continue to dramatically outperform the gold equities. The stocks have been in a dreadful tailspin since July, and are showing almost no signs of life.
Part of this is nothing new — the equities have almost always underperformed the gold price in recent years. But as [...]
By the tickerspy.com Staff
2008’s bewildering market has even been tough for at least one high-profile bear.
Considering the bleak outlook for many developed economies, it’s no surprise that Canadian money manager Sprott Asset Management, wielding a negative view of the global economy, saw this year as the right time to make its Toronto stock market debut. [...]
The recent declines in the gold price have caused a huge amount of air to whoosh out of gold share prices, to the extent that they now represent pretty good value.
Barrick Gold Corp. (ABX) is a Canadian company, with mostly North American production, plus some in South America and Africa, and copper and zinc add-ons. [...]
Despite a seasonal slide that pushed gold prices to a nine-month of $773 an ounce last week, a recent rebound put Canadian mining firm Yamana Gold (AUY: 11.47, +0.93, +8.82%) at the top of several analysts’ recommendations as investors see promising entry points.
Gold prices hit a 10-day high Thursday, though they’re still well off the [...]
By Christopher Barker
Beijing has its medals. Canada has its metals. A Toronto-based mining company stepped to the podium this week to announce a shiny set of earnings.
Yamana Gold (NYSE: AUY) reports that second-quarter revenue increased 83% from the prior year to $337 million, while adjusted earnings improved 34% to $103 million.
Yamana produced more than [...]
DO THE MATH
At this point I really don’t give a crap, but if you do the math when
this share price was low of 10.27 last August Gold futures was around
675. Do the math at today’s price of 880. 675/10.27=880/x x=
13.38.
At today’s gold price. You would have to go back to 04-05 [...]
Yamana Gold Tgt Raised To $19.50 From $15.50 By Scotia >AUY
Last Update: 7/23/2008 7:53:45 AM
(MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)
July 23, 2008 07:53 ET (11:53 GMT)
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Citing [...]
Yamana Gold Post Higher 1Q Rev; Boosts Div >AUY
Last Update: 5/7/2008 5:00:34 PM
DOW JONES NEWSWIRES
Yamana Gold Inc. (AUY) increased its annual dividend to 12 cents a share from 4
cents, reflecting higher revenue and earnings in the first quarter.
The Toronto gold company earned $63.1 million in the latest quarter, up from
$27.4 million a year earlier. It [...]
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