YAMANA GOLD INC.

AUY
Real-time Estimate Quote. Real-time Estimate  - 08/05 11:48:47 am
6.935USD +3.20%

Yamana Gold Inc. : Towards the breakout of a major resistance level

David Meurisse
Contributor / Partner

Strategy published on : 07/29/2020 | 12:16

long trade
Live

Entry price : 6.485$
Target : 8.7$
Stop-loss : 5.9$
Potential : 34.16%

Below the resistance zone that is currently being tested, the potential for new gains appears limited for shares in Yamana Gold Inc.. The stock's technical chart pattern suggests however that the level will be broken.
Investors have an opportunity to buy the stock and target the $ 8.7.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Sales forecast by analysts have been recently revised upwards.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The stock is in a well-established, long-term rising trend above the technical support level at 0


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Technically, the stock approaches a strong medium-term resistance at 0.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● With an enterprise value anticipated at 5.76 times the sales for the current fiscal year, the company turns out to be overvalued.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

MarketScreener.com 2020
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