| WAIT | 14.880 | Brooke Thackray | Technically, it formed a triangle in 2006 and then broke through, broke into a down trend line in 2007 and then went into an uptrend from mid-2007. It could have a bounce from this level if gold does well. If you own, you could be looking at $19 when you might want to unload. Thinks there will be weakness in gold into the summer months. | 2008-05-09 | |
| BUY | 14.920 | Brian Acker, CA | The model price is $21.07, around a 50% upside. | 2008-05-08 | |
| BUY | 13.810 | Greg A. Taylor, CFA, BBA | Earnings look fairly good. Stock has come down an incredible amount in the last few months. Wouldn't be surprised to see it get up in the high teens again. | 2008-05-07 | |
| BUY | 13.100 | Peter Brieger | Expects gold is going to be $1200 to $1500 in 12 to 18 months out. | 2008-05-01 | |
| Comment | 12.570 | Jean-Francois Tardif | Very bullish on gold. This stock was very weak lately because they had some problems in terms of costs and production expectations so analysts lowered their forecasts for targets. Through the years they acquired a number of assets, which they now have to take and make them more efficient. He prefers something smaller that can grow at a high rate and is not as well known. | 2008-04-29 | |
| BUY | 14.700 | Gordon Higgins, CA, MBA, CFA | Thinks gold at these levels is sustainable. With most of their operations in Brazil, there could be currency risks. | 2008-04-17 | |
| BUY | 14.700 | Peter Brieger | Has come off quite a bit recently and he is not sure why. He likes gold and this is one of his 3 favourites. Good time to get in. | 2008-04-17 | |
| Comment | 14.480 | Michael Sprung | Good forecast of production increase. Currently producing 1.3 million ounces a year and is expected to almost double in 5 to 6 years. Can also see this profile in more attractively priced gold stocks. Currently, his largest position is in Goldcorp (G-T). | 2008-04-15 | |
| BUY on WEAKNESS | 14.540 | Bruce Campbell | If you like gold, this would be a Buy. Has a good set of assets. Central south America and mostly in decent regimes. Decent growth. | 2008-04-11 | |
| DON'T BUY | 14.540 | Paul Thornton | It's been a bit of a laggard in the gold sector. Broke out in January but basically has lost all of its gain. There was a disappointment in the recent results. If you're not in it, he would choose something else. | 2008-04-11 | |
| BUY | 14.740 | Gavin Graham | (Market Call Minute.) There has been a big acquisition of Meridian and Northern Orion. Good time to buy. | 2008-04-09 | |
| BUY | 14.360 | Ron Meisels | This is one of the funny, funny golds because during that time when all the gold stocks were doing well, it had a pullback. It finally managed to do a double bottom last fall and started to move up but at this stage, it still needs to have a little bit of pullback. Very close to the point where it should have a support level. Moving average is pretty much there. You could get in, but put a stop loss in at $13. | 2008-04-08 | |
| WEAK BUY | 15.060 | David Burrows | A great company, a growth stock. In the short run we will consolidate a little. They will move higher later in the year. | 2008-03-31 | |
| DON'T BUY | 15.350 | Lyle Stein | The quarter was a little bit disappointing, which in this market is exaggerated. Suffering in the last week from a 10% decline in the gold price. They are subject to swings in currency because they are foreign. Only owns Canadian. | 2008-03-28 | |
| VAGUE | 15.750 | Michael Sprung | Their recent results were a little bit below expectations. | 2008-03-27 | |
| BUY | 16.650 | Ken McCord | Likes gold in general. In 2003 gold was trading at 200 an oz. very tight margins, so not much was produced. Now the prices of gold is higher, it's worthwhile to produce, but the gold producers have a lot of costs to get production going again. So gold bullion has out performed gold producers, but thinks that gold producers will soon out perform bullion. Likes Yamana,Kinross, and Goldcorp | 2008-03-26 | |
| BUY on WEAKNESS | 16.900 | David Burrows | We are in a bull market in precious right now, but bull markets tend to have a quick retreat. He doesn't think we are at the end of this bull market. If you are buying pullbacks, this might be good.
He likes it, and owns it. | 2008-03-19 | |
| BUY | 16.900 | Peter Brieger | The stock depends on the price of gold. Target of $20. Believes gold will reach $1250-1500. May eventually reach 2500. | 2008-03-19 | |
| TOP PICK | 19.070 | Peter Hodson | In this market it’s about the only play I have confidence in. They’re quadrupling production, they’ve done some great acquisitions. Still undervalued. It can get to $30. | 2008-03-17 | |
| TOP PICK | 16.340 | Peter Hodson | Had to have a gold, because it's the only play that he has any confidence right now. It's the safest play he's got right now. | 2008-03-17 | |
| Comment | 18.630 | Michael Smedley | Did a very aggressive expansion by buying, buying and buying. Absorption of other companies takes time and is a difficult process. However, it did it, it made it and it got there and has built itself into a very large 2nd tier group. | 2008-03-13 | |
| BUY | 18.200 | Kenneth P. Norquay, CMT | This one is in an uptrend and is still going up. Went through its resistance level from 07 and that is a very bullish sign. With gold going up at the same time, this is a very positive sign. | 2008-03-11 | |
| PARTIAL SELL | 18.750 | John Zechner | He reduced his position a little bit recently. The mid-tier stocks are where you want to be in the gold industry. They haven't hedged forward their production and have a decent growth profile. This is one of the better, longer-term stories out there. If you own, consider taking some money off the table. | 2008-03-06 | |
| TOP PICK | 18.990 | David Burrows | Have a number of assets and their focus is on the Americas, politically stable environments. Will probably double production over the next 4 years. If you bring in what they get in netback against their other materials they produce, their cash cost is going to be less than zero. | 2008-03-03 | |
| HOLD | 17.710 | Robert Floyd | Has a history of acquiring assets as opposed to finding a lot. His preference is companies that are growing assets and are good with the drill bit. This company will benefit very nicely with the improvement in the gold price. | 2008-02-29 | |
| Comment | 17.230 | Michael Smedley | Have made very aggressive purchases. Have a lot of mines where they have got to sink a lot of money but has been very impressed with the way they have settled down and not gotten into deep financial troubles. | 2008-02-21 | |
| BUY | 14.690 | Peter Brieger | His target for gold is $1200 and his gold holdings include Gold ETF’s (GLD-N) (his prime play) plus 3 gold plays Agnico Eagle (AEM-T), Kinross (K-T) and Yamana (YRI-T). These are great intermediate stories with great growth potential in front of them. | 2008-02-06 | |
| Comment | 15.770 | Brendan Caldwell | Not totally familiar with the stock. The charge indicates it is doing well in a positive gold market. He prefers Kinross (K-T). | 2008-02-01 | |
| HOLD | 16.100 | Michael Smedley | Gold. They have built a big machine that he is impressed with. He believes in gold. | 2008-01-22 | |
| Comment | 15.250 | Brian Acker, CA | Still has some upside to his model price but he will be looking at this to see if it qualifies at the end of the month. | 2008-01-17 | |
| SELL | 15.850 | Bill Carrigan | (Market Call Minute.) Has almost made a double top. Too many people in it. | 2008-01-09 | |
| Comment | 15.500 | Michael Sprung | All of the gold stocks have been particularly hot lately with the bullion going to all-time highs. If you own, consider taking some profits, but don't take everything off the table. Every portfolio should have some gold. | 2008-01-08 | |
| BUY | 13.740 | Gavin Graham | Has transformed itself into one of the largest gold stocks in North America. Has successfully carried out the merger. If you think gold will go higher this is a pretty good play. | 2008-01-02 | |
| HOLD | 12.890 | Bruce Campbell | (Market Call Minute.) If you think gold is going further, he would prefer some of the others. | 2007-12-31 | |
| BUY | 12.770 | Peter Brieger | Looking for $900-$1000 in 2008. Expect there will be massive increases in their production. | 2007-12-28 | |
| BUY | 11.950 | Brendan Kyne | (Market Call Minute.) A class act. | 2007-12-17 | |
| BUY | 12.800 | Peter Hodson | Acquired Meridian (MNG-T), which looks good. Stock is not doing a whole lot these days but he would not bet against this management team. Expects them to be a big producer over the next couple of years. | 2007-12-14 | |
| BUY | 13.310 | Peter Hodson | The deal with Meridian (MNG-T) is now official. With the 3-way merger, you have a company that is going from 1 million ounces of production to 2 million over the next 2 to 3 years. A growth name and feels that world investors will gravitate to this stock. | 2007-11-26 | |
| BUY | 13.310 | Peter Brieger | There is little correlation sometimes between the price of gold and gold shares. Likes gold very much and to act as a counter balance to his StreetTracks Gold ETF (GLD-N) he bought a package of gold stocks including Kinross (K-T), Agnico Eagle (AEM-T) and Yamana Gold (YRI-T). | 2007-11-26 | |
| HOLD | 13.200 | Bruce Campbell | (Market Call Minute) He has other preferences in the gold sector. | 2007-11-22 | |
| BUY | 14.280 | Peter Brieger | He is bullish on gold. Had a great merger. Slightly undervalued to Kinross (K-T) or Agnico Eagle (AEM-T), so has more leverage. | 2007-11-06 | |
| DON'T BUY | 13.800 | Bill Harris | They're putting 3 companies together and he is not sure how it is going to shake out. Meridian historically has had one of the lowest costs in the industry. There are very few companies in this mid-cap gold space with a production profile growth. Would wait. | 2007-11-05 | |
| BUY | 13.590 | Brian Acker, CA | His model price is $21.93 giving it a 56% positive differential. Since they just bought a company, the balance sheet will change. | 2007-11-01 | |
| BUY | 14.240 | Michael Smedley | Worth backing. It has built a stable of assets through acquisitions and has more development potential. | 2007-10-31 | |
| VAGUE | 14.010 | Dennis Dasilva | Balance sheet is reasonable strong. Have to show they can operate a mine as well as acquire mines. | 2007-10-30 | |
| BUY | 14.240 | Allan Jacobs | Yamana is kind of a big cap right now. It is pretty good. It is a gold and copper player. Production in gold is growing very quickly. Believes it will do very well. | 2007-10-30 | |
| BUY | 14.000 | Steve Carlin | | 2007-10-25 | |
| BUY | 13.620 | Peter Hodson | Meridian merger was great and this is a great company. Has a nice solid gold asset. Personally, he is more comfortable playing the larger companies in case he is wrong about gold. | 2007-10-15 | |
| DON'T BUY | 11.600 | David Burrows | Has been an underperformer and would prefer one of the 3 names discussed during this session. | 2007-10-04 | |
| Comment | 11.880 | Michael Sprung | Trying to acquire Meridian Gold (MNG-T) but have been meeting a lot of resistance from the shareholders. If successful, it would leap them into the bigger mid-tier producers at about 1.5 million ounces a year. It looks like it will probably go through. | 2007-10-01 | |
| BUY | 12.650 | Brian Acker, CA | Model price 95% positive differential. | 2007-09-20 | |
| Comment | 12.130 | Robert Floyd | On the trail for significant acquisitions. Currently looking at Meridian (MNG-T). Have about 30% approval so they may have to increase their bid to make it happen. Stronger gold price will help move the stock. Prefers developers rather than acquistors in gold companies. | 2007-09-14 | |
| BUY | 12.200 | John Zechner | Trying to acquire Meridian Gold (MNG-T). Likes the stock, whether they get Meridian or not. Good growth profile. | 2007-09-12 | |
| BUY | 11.940 | Michael Smedley | Very bullish on gold. They are terribly ambitious, expanding, buying assets etc. This stock is all right. He hopes they don't acquire Meridian. | 2007-09-10 | |
| WEAK BUY | 13.110 | Robert Cohen B.A.Sc., MBA, CFA | Trying to acquire Meridian Gold (MNG-T), who are strongly opposing the bid. Have built up their company through acquisitions while Meridian has done theirs through exploration. Expect the offer will expire, which would make it a good short-term buy. | 2007-09-06 | |
| Comment | 11.330 | Nick Majendie | In the process of a 3 way combination with Northern Orion (NNO-T) and Meridian (MNG-T) and his company is an advisor on this transaction so he is not allowed to speak on this. | 2007-08-29 | |
| Comment | 10.810 | Brian Acker, CA | Gold companies earnings estimates are getting hammered. Cost of extraction is going up faster than the gold price. The good news on this one is that the revisions, although they have come down a bit, have not come down a lot. His model price is $23.69, basically 126% upside. They are trying to buy Meridian and there is a lot of confusion on the stock right now. | 2007-08-22 | |
| BUY | 10.580 | Stephen Carlin | A little unhappy with their hostile Northern Orion (NNO-T) and Meridian (MNG-T) transactions. Not sure this is an appropriate transaction for them. Northern Orion will not be in production for many years. Don't think they will be successful in this. If the deal falls through, he thinks there will be a pop in the stock price. | 2007-08-21 | |
| HOLD | 10.480 | Greg A. Taylor, CFA, BBA | Have a bid in for Meridian (MNG-T). Has done a lot of growth through acquisitions so they definitely know how to do acquisitions. Have some questions on the assets they would acquire. | 2007-08-20 | |
| TOP PICK | 10.270 | Peter Hodson | A great gold company that's been beaten up so badly by the commodity and the acquisition.
He has a big position in it. | 2007-08-17 | |
| DON'T BUY | 11.550 | David Burrows | Gold is a group that has been threatening for about 6 months and has not been able to break out. He prefers Agnico Eagle and Barrick. This one is trading below its 200 day moving average. | 2007-08-09 | |
| Comment | 11.240 | Michael Smedley | Not interested in the ripples that the offer to buy Meridian (MNG-T) has created. Expect it will become a hot one again further down the road. | 2007-08-03 | |
| DON'T BUY | 12.600 | Bill Carrigan | Not one of his favourite gold stocks. Will probably be OK. A lot of promotion and a lot of talk. Sector is favourable but you could probably be in better places. | 2007-07-10 | |
| WEAK BUY | 11.830 | Peter Brieger | Wants to produce a million ounces of gold a year. All the charts look like this one, so this one going down is not special. | 2007-06-29 | |
| BUY | 13.020 | Michael Smedley | Gold sector is very tired and has been sliding pretty well since April. | 2007-06-27 | |
| BUY | 12.630 | Lesley Marks | Has a bullish outlook on gold. Gold stocks have under performed the commodity itself. Generally, August, September tends to be positive for gold stocks. | 2007-06-26 | |
| WATCH | 13.690 | Brian Acker, CA | His model price is $24.60. This is an 82% positive differential. If the price were to fall down to $11.81, it would be a screaming Buy. | 2007-06-21 | |
| HOLD | 13.940 | Brian Acker, CA | 75% positive differential
The down side could be as low as $11.80 a lot of value there.
If it goes down to 11.80 then he would be a buyer. | 2007-06-07 | |
| WATCH | 14.480 | Gavin Graham | Not many decent sized gold companies. Mines are taking longer to bring on. They are big laggards to the gold price. | 2007-05-22 | |
| DON'T BUY | 15.560 | Bruce Campbell | Has a copper by-product and, when put against the gold, you get a minus production cost. It was a growth story that is slowly rolling over. No strong growth profile. | 2007-05-09 | |
| BUY | 17.230 | John Manley | Technically, the long-term trend line is intact and it looks fairly healthy. | 2007-04-16 | |
| DON'T BUY | 17.150 | Bill Harris | Has now moved up as an intermediate through acquisitions. Doesn't know if they can operate their acquisitions effectively. Market has put a premium on this one. | 2007-04-13 | |
| BUY | 16.690 | Brian Acker, CA | A gold company, and unlike the rest of the gold companies out there, earnings estimates are going up. His model price is $25.78, a 55% positive differential. | 2007-04-12 | |
| WEAK BUY | 17.060 | Dennis Dasilva | Growth has primarily been through acquisitions. Now at the key position where they will be a developer of their assets. A good name, but a little too sporty for him. Prefers a more stable political clime. | 2007-04-05 | |
| BUY | 16.220 | Greg McCoach | Run by a very sharp management group. Recently acquired Viceroy Exploration (VYE-T). Have some tremendous gold properties in Argentina. | 2007-03-08 | |
| DON'T BUY | 15.970 | Bruce Campbell | Golds in South and Central America. Have done a very good job. Both Eldorado (ELD-T) and Kinross (K-T) have valuation discounts and you could make money. This one no longer has a discount. | 2007-03-06 | |
| BUY | 16.190 | Robert Floyd | Has had a very good run. Starting a number of new mines and are off to a fairly good start. There are always teething problems on new mines. A decent play now that gold is resurging. | 2007-02-13 | |
| HOLD | 16.000 | Robert Cohen B.A.Sc., MBA, CFA | If you own this, you will participate very well with gold price as well as copper price. | 2007-02-12 | |
| BUY | 16.180 | Brian Acker, CA | The model price on this is $22. This gives it about a 36% positive differential. Just sold his holdings and bought Kinross (K-T) yesterday. | 2007-02-01 | |
| Comment | 13.990 | Robert Floyd | Doing a very nice job in acquiring some strategic assets. Have a very interesting production profile. Their basis for growth is to bring their production on stream at a decent price. Would like to see them bring their costs down. | 2007-01-19 | |
| BUY | 14.360 | Brian Acker, CA | Can see a 40% upside on this model price. Starting to look interesting to him. | 2007-01-17 | |
| BUY | 13.590 | Kyle McKay | Looking to see a big increase in gold production. No production costs. Phenomenal growth story and trades at a discount to its NAV. | 2007-01-08 | |
| HOLD | 15.070 | Robert Cohen B.A.Sc., MBA, CFA | Just acquired Viceroy Exploration (VYE-T) at a good price. Trading at his target price right now, but you will get upside leverage with the gold price. | 2007-01-02 | |
| BUY | 15.200 | Peter Hodson | Really likes what the company has done. Their acquisitions look great. Well financed. Fully building a mine that is under budget. Good price. | 2006-12-28 | |
| BUY | 15.200 | Gavin Graham | An unhedged gold stock. Very leveraged to the price of gold. He feels gold can back to where it was in May. | 2006-12-28 | |
| DON'T BUY | 14.420 | Bill Carrigan | Has been one of the better gold stocks. Feels it has hit the 4th wave of the Eliot Wave theory and has broken out. Nearer the end rather than the beginning. If you want to be in gold, you might take some money off the table and put it into a laggard such as Barrick (ABX-T), | 2006-12-20 | |
| DON'T BUY | 14.740 | John Embry | They have done a fantastic job of captivating their audience. Feels the majority of their minds are 2nd rate. Earnings are not living up to expectations. | 2006-11-30 | |
| Comment | 13.750 | Bill Belovay | They are on a treadmill where they have to run very fast. Have been a serial acquisitor and paying top dollar. This can make it very volatile. It will follow the gold price. | 2006-11-29 | |
| BUY | 13.610 | Gordon Higgins, CA, MBA, CFA | Great growth company. Could be producing 1 million oz. a year by 2008. Has a good outlook for gold, but it will be volatile. | 2006-11-28 | |
| WAIT | 12.290 | Larry Berman CFA, CMT, CTA | Starting to get into a bit of resistance. Thinks it will break, but the US$ needs to break out of its trading range with the Euro. If you start to see dollar/Euro $1.30 and higher, than gold will break $650-$670 and start back to its high. Wait for a bit of as pullback. | 2006-11-02 | |
| DON'T BUY | 10.690 | Bill Belovay | Very focused in Brazil. Doesn't think Brazilian elections will create any problems. Also just bought property in Argentina, at a tremendously high price. Concerned, they are spending money to quickly. | 2006-10-24 | |
| BUY | 10.720 | Michael Smedley | Gold is capable of going much higher again. This is a nice mid-tier junior and is an aggressive acquirer. Could be acquired itself. A good hold. | 2006-10-19 | |
| PAST TOP PICK | 10.280 | Brian Acker, CA | (A Top Pick Aug 2/06. Down 16%.) At his next rebalance, this one no longer qualified for his portfolio, so he sold with a 4% loss. | 2006-10-17 | |
| BUY | 9.920 | Gordon Higgins, CA, MBA, CFA | Recently bought Viceroy. Excellent management. A good company. | 2006-10-12 | |
| BUY | 9.180 | Robert Cohen B.A.Sc., MBA, CFA | Has been growing through acquisition. Their last one, Viceroy, was a really decent one. | 2006-10-04 | |
| WEAK BUY | 10.260 | Bill Carrigan | Perfers stocks that didn't make a new low, and this company did, but he thinks it will be fine. | 2006-10-02 | |
| BUY | 10.370 | John Zechner | He likes this stock. Believes it is where you want to be in gold sector. The company has lower costs stock is trading at a lower evaluation. A lot of acquisitions lately. Recommends buying at this price. | 2006-09-27 | |
| WEAK BUY | 10.050 | Robert Floyd | Just announced the acquisition of Viceroy Exploration (VYE-T) and will be using their stock for this. Last quarter numbers where weaker than analysts were expecting. As the gold price recovers, it should recover also. Prefers others. | 2006-09-20 | |
| BUY | 11.560 | Martin Hubbes, CFA | Very difficult for the larger gold companies to grow. A company this size has the potential to grow very nicely and as it grows, not only do you get the benefit of its production but also a revaluation as more and more investors are attracted to it. | 2006-09-01 | |
| BUY | 11.000 | Veronika Hirsch | Has been a fantastic performer. Has expansion plans. Making acquisitions. There's a good chance that they will merge or be taken over. | 2006-08-29 | |
Experts that have talked about Yamana Gold Inc.
