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AUY Upgraded by UBS
By Stock Charts | November 13, 2007
Yamana Gold (AUY) was upgraded by UBS earlier today:
As mentioned at 6:53, UBS upgraded AUY to Buy from Neutral based on valuation. The firm estimates AUY now trades at a significant discount (~15% on P/CF and 28% on P/E) to its gold peers in ‘08. An update on key assets (Chapada, Jacobina, Gualcamayo and El Penon) before the analyst mine tour could be a catalyst to boost sentiment.
AUY is one of my top gold plays, and with the price of gold at all time highs I feel bullish on AUY’s future prospects.
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