Yamana Gold: On Track For A Massive Yearly Breakout

Summary

Yamana Gold released its Q3 results on Thursday and announced its first quarter of sales growth in over a year, with quarterly revenue coming in at $439.4 million.

The company managed to beat its annual earnings per share estimates, and FY2021 earnings estimates continue to climb, now sitting at $0.45.

Assuming a yearly close above $4.35, Yamana Gold will flip to bullish on its yearly chart for the first time in nearly a decade.While I see better opportunities in the sector among more attractive operating jurisdictions, Yamana’s competitive yield makes it a low-risk buy at $5.05 or lower.We’re more than one-third of the way through the Q3 Earnings Season for the Gold Miners Index ( GDX ), and the most recent name to release its results is Yamana Gold ( AUY ). While it’s been a challenging year and a half for the company relative to its peers as it’s had […]

Click here to view original web page at seekingalpha.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.