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Wednesday, January 18, 2012

Yamana gold stock prices forecast 2012 ‎

Yamana Gold stock prices forecast 2012 ‎ : Yamana Gold trades at a forward price earnings ratio of 12.18. The company has revenues of $2.14 billion, $570.49 million in cash and $430.91 million in debt. These figures highlight how the stock is undervalued in comparison with the markets. The firm had trouble meeting the earnings projections during the first quarter of 2011 (as the company missed analysts' estimates by $.01 coming in at $.21 versus $.22).

This is when investors punished the stock by selling shares lower. However, since that time the firm was able to continually beat these numbers. This has created a buying opportunity with the company trading below the forward price earnings ratio in relation to the Dow Jones Industrial Average of 13.47. While the balance sheet is illustrating, that Yamana Gold has the ability to increase earnings dramatically and potentially pay down debt. read Yamana Gold production Prediction 2012

From a technical standpoint, the stock is trading above the 200 day moving average of $13.88 and has touched support levels of $14.00 per share. The recent sell off was sparked by declines in the price of gold and weakness in other competitors. As a result, this is presenting investors with an opportunity to enter the company based upon the potential for improving earnings from higher gold prices in the future. Over the next 12 months, Yamana Gold could break through $20.00.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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