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Gold stock to sell #3: Yamana Gold (AUY) |
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| Sep 13, 2009 02:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Yamana Gold (AUY), Stocks to Sell
With a share price that is affordable to the retail customer, smaller investors have been gobbling up shares in 2009. But like AngloGold, the credit crisis knocked the wind out of the Yamana trade. Shares actually were fairly valued when they bottomed below $5 per share. Now, with more than 100% recovery of that value, AUY trades above $10 per share. As a result, the valuation is way ahead of itself. Shares of AUY trade for more than 17 times trailing earnings and 18 times forward earnings. Gold prices would have to continue increasing by 15% to 20% per annum in order to justify these prices. Continue reading Gold stock to sell #3: Yamana Gold (AUY) Gold stock to sell #3: Yamana Gold (AUY) originally appeared on BloggingStocks on Sun, 13 Sep 2009 09:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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