Editor of Adrian Day’s Global Analyst, Adrian Day shares his recommendation to sell this stock that is up nearly 60% this year.
At the end of last year, I promised that we would see several sell recommendations in coming months, as part of rationalization in our portfolio and to make room for new buys.
Sell Yamana Gold Inc. (YRI:TSX; AUY:NYSE; YAU:LSE) at a limit of $6.11.
We are selling Yamana while the going is good. The stock is up nearly 60% this year on the back of a positive outlook on growth. We still have a loss however.
If you are underweight gold assets, we have no problem if you wish to hold Yamana, but we think we can now find better opportunities. More next time, but I want to get this out now to allow time to sell today.
I wish all blessings for Easter and Passover.
QUESTIONS? I welcome your investment or economic questions, which I shall attempt to answer here. Please write to [email protected]ianday.com.
Originally published on April 14, 2022.
Adrian Day, London-born and a graduate of the London School of Economics, is editor of Adrian Day’s Global Analyst. His latest book is “Investing in Resources: How to Profit from the Outsized Potential and Avoid the Risks.”
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