AUY - Yamana Gold: An Industry-Leading Organic Growth Profile
- Yamana Gold is down nearly 25% from its year-to-date highs despite a brilliant acquisition in Q4 and a massive improvement in its balance sheet.
- Given the Phase II Expansion at Jacobina and addition of Wasamac, Yamana has the potential to produce over 1.1 million GEOs in FY2024, with this figure not including Agua Rica.
- Even with this impressive organic growth profile, the company is trading at below 14x estimated FY2020 free-cash-flow.
- Given Yamana's industry-leading organic growth profile, improving cost profile, and competitive dividend yield, I would view dips below $5.15 as low-risk buying opportunities.
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Yamana Gold: An Industry-Leading Organic Growth Profile