Is Yamana Gold a Buy?
Time to grab the pickaxes and mine the market for the best gold opportunities. On today's docket is Yamana Gold (NYSE: AUY). Headquartered in Canada, the company has one gold-producing mine in Quebec, while the rest of its assets are spread throughout South America.
The past year has been a challenging one for the company. The Street, for example, has turned its back on the stock, which has been subject to several downgrades. It's not solely Wall Street but the market in general that has assumed a bearish outlook. Whereas the S&P 500 is up nearly 18% over the past year, Yamana's shares have languished, falling more than 9%. Does this mean this miner's stock is nothing more than fool's gold, or does it suggest there's a bargain to be had? Let's dig in a little deeper to find out.
Image source: Getty Images.
Source: Fool.com
