FP says Barrick, others have good prospects for growth

2010-09-13 08:56 ET - In the News

See In the News (C-ABX) Barrick Gold Corp

The Financial Post reports in its Saturday, Sept. 11, edition that not all dividend stocks are created equal. The Post's David Pett writes that dividend yields have become much more attractive than diminishing bond yields in recent months. Analysts say there is no substitute for stability and a history of sustained growth in a world where everyone is chasing yield. R.A. Floyd Capital Management manager Robert Floyd says: "It's just not enough to look at the current yield. You also need to look at the potential growth of the dividend down the line. That means looking at the balance sheet, the cash flow, the debt load of the underlying company and assessing any other concerns that might restrict its ability to pay out down the line." With government bond yields reaching record lows this summer, the hunt for yield has turned in the direction of dividend stocks, with high-yielding sectors like telecom, utilities and consumer staples garnering much of the attention. The list also includes several resource stocks, including Barrick Gold, Teck Resources and Yamana Gold. While yields on these stocks are low, hovering around 1 per cent, they promise the best prospects for growth.

YRI:TSX

House Positions for C:YRI from 20100914 to 20100914

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	1,020,800	11,020,890	10.796	663,800	7,171,582	10.804	357,000	-3,849,308
33 Canaccord	148,370	1,606,687	10.829	30,535	329,619	10.795	117,835	-1,277,068
79 CIBC	1,092,005	11,808,222	10.813	979,590	10,586,610	10.807	112,415	-1,221,612
14 ITG	55,600	602,580	10.838	1,700	18,136	10.668	53,900	-584,444
27 Dundee	25,800	277,665	10.762	0			25,800	-277,665
123 Citigroup	15,400	163,542	10.62	0			15,400	-163,542
5 Penson	95,000	1,027,997	10.821	82,100	887,644	10.812	12,900	-140,353
75 MGI	10,000	108,500	10.85	0			10,000	-108,500
83 Mackie	8,000	87,040	10.88	0			8,000	-87,040
39 Merrill Lynch	109,618	1,162,435	10.604	104,156	1,103,955	10.599	5,462	-58,480
101 Newedge	31,500	338,404	10.743	28,200	306,575	10.871	3,300	-31,829
60 MF Global Can	66,200	715,849	10.813	64,000	692,178	10.815	2,200	-23,671
37 MacDougall	1,500	16,230	10.82	0			1,500	-16,230
65 Goldman	2,331	24,898	10.681	1,000	10,880	10.88	1,331	-14,018
16 Paradigm	540	5,859	10.85	0			540	-5,859
25 Odlum	300	3,252	10.84	0			300	-3,252
111 Fraser Mackenzie	25,600	272,623	10.649	25,300	272,481	10.77	300	-142
90 Barclays	300	3,174	10.58	0			300	-3,174
70 Manulife	157	1,708	10.879	0			157	-1,708
62 Haywood	10,000	107,900	10.79	10,000	108,700	10.87	0	800
57 Interactive	0			325	3,509	10.797	-325	3,509
95 Wolverton	0			400	4,356	10.89	-400	4,356
6 Union	0			700	7,553	10.79	-700	7,553
89 Raymond James	77,750	841,622	10.825	78,500	847,602	10.797	-750	5,980
58 Qtrade	3,500	37,960	10.846	5,390	58,339	10.824	-1,890	20,379
63 Byron	15,849	171,119	10.797	18,423	198,617	10.781	-2,574	27,498
11 MacQuarie	0			3,900	42,200	10.821	-3,900	42,200
43 Caldwell	0			7,000	75,090	10.727	-7,000	75,090
13 Instinet	0			7,600	82,005	10.79	-7,600	82,005
81 HSBC	1,700	18,277	10.751	11,100	120,729	10.876	-9,400	102,452
99 Jitney	76,400	828,668	10.846	91,300	987,988	10.821	-14,900	159,320
250 Infinium Capital	3,427	37,148	10.84	21,400	226,525	10.585	-17,973	189,377
72 Credit Suisse	5,400	58,437	10.822	26,900	290,377	10.795	-21,500	231,940
19 Desjardins	19,800	212,864	10.751	44,507	478,605	10.753	-24,707	265,741
15 UBS	195,450	2,100,317	10.746	225,200	2,429,462	10.788	-29,750	329,145
12 Wellington	19,600	213,052	10.87	49,700	537,118	10.807	-30,100	324,066
73 Cormark	49,200	531,424	10.801	89,000	966,540	10.86	-39,800	435,116
9 BMO Nesbitt	177,430	1,919,615	10.819	222,275	2,395,483	10.777	-44,845	475,868
124 Questrade	28,410	307,729	10.832	83,954	899,522	10.714	-55,544	591,793
2 RBC	34,885	375,007	10.75	98,252	1,062,586	10.815	-63,367	687,579
80 National Bank	225,700	2,439,981	10.811	291,500	3,154,297	10.821	-65,800	714,316
85 Scotia	124,600	1,352,244	10.853	245,124	2,657,249	10.84	-120,524	1,305,005
7 TD Sec	137,750	1,487,064	10.795	303,041	3,273,871	10.803	-165,291	1,786,807
TOTAL	3,915,872	42,287,983	10.799	3,915,872	42,287,983	10.799	0	0

Look At Last October November December 2009.

The Golden Season .Gold Mine:

YRI- T has bottomed only question is high can it go? It was $15.00 last year

Security Type Equity

Shares Issued 741,035,483

Year High 15.00

Year Low 9.47

Annual Earnings/Share 0.3782 CAD

P/E Ratio 27.82

Annual Dividend/Share 0.082 CAD

Annual Dividend Yield 0.78 %

Ex-Dividend Date 2010-09-28

Sector gold & precious metals

Company Stock Issues - YAMANA GOLD INC.

Symbol Name

YRI YAMANA GOLD INC.

Fundamental Data - YAMANA GOLD INC.

Short History

Symbol Report Date Volume Change

YRI - T 2010-08-31 12,595,707 1,134,194

YRI - T 2010-08-15 11,461,513 8,932,487

YRI - T 2010-07-31 2,529,026 -246,022

YRI - T 2010-07-15 2,775,048 -474,923

YRI - T 2010-06-30 3,249,971 457,003

YRI - T 2010-06-15 2,792,968 -4,116,883

Targeted Security Holder List

Holder Name Shares Held % of O/S Report Date Change

FIDELITY SELECT PORTFOLIOS - GOLD ^^^ 10,460,900 1.41 % 20100531 410,000

BLACKROCK GLOBAL ALLOCATION FUND ^^ 10,223,247 1.38 % 20100430 366,947

BLACKROCK INSTITUTIONAL TRUST COMPANY NA -PRV RPTD BY BARCLAYS GLB INV UK 9,615,009 1.30 % 20100630 -278,410

INVESCO LTD (FORMERLY INVESCO PLC) ^^^ 9,087,165 1.23 % 20100630 -1,110,712

YRI.TO - Yamana Gold Inc Com Npv (TSX)

Date	Open	High	Low	Last	Change	Volume	% Change
09/10/10	10.3400	10.6200	10.3400	10.5200	+0.1300	2064926	+1.25%

5-Year Indicator and Overall Opinion Performance Summary

Indicator	Total Number of Trades	Average Days per Trade	Total Profit from Trades
Trend Spotter (TM)	38 Trades	44 Days/Trade	567.0000
7 Day Average Directional Indicator	195 Trades	10 Days/Trade	-404.0000
10 - 8 Day Moving Average Hilo Channel	241 Trades	6 Days/Trade	-901.0001
20 Day Moving Average vs Price	161 Trades	12 Days/Trade	-120.0000
20 - 50 Day MACD Oscillator	26 Trades	75 Days/Trade	365.0000
20 Day Bollinger Bands	104 Trades	3 Days/Trade	-960.0001
40 Day Commodity Channel Index	95 Trades	9 Days/Trade	-772.0001
50 Day Moving Average vs Price	94 Trades	21 Days/Trade	687.0001
20 - 100 Day MACD Oscillator	18 Trades	104 Days/Trade	725.0001
50 Day Parabolic Time/Price	123 Trades	16 Days/Trade	-246.0000
60 Day Commodity Channel Index	75 Trades	12 Days/Trade	-325.0000
100 Day Moving Average vs Price	95 Trades	20 Days/Trade	-408.0000
50 - 100 Day MACD Oscillator	16 Trades	117 Days/Trade	330.0000

House Positions for C:YRI from 20100913 to 20100913

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
9 BMO Nesbitt	170,385	1,780,107	10.448	48,310	505,252	10.459	122,075	-1,274,855
124 Questrade	49,600	515,869	10.401	300	3,156	10.52	49,300	-512,713
7 TD Sec	67,162	699,902	10.421	28,040	292,919	10.446	39,122	-406,983
80 National Bank	102,650	1,071,474	10.438	74,900	781,719	10.437	27,750	-289,755
39 Merrill Lynch	20,500	215,289	10.502	4,100	42,927	10.47	16,400	-172,362
85 Scotia	60,135	625,503	10.402	45,135	469,437	10.401	15,000	-156,066
101 Newedge	38,500	401,928	10.44	24,600	256,396	10.423	13,900	-145,532
12 Wellington	10,100	105,548	10.45	0			10,100	-105,548
99 Jitney	68,800	719,796	10.462	61,900	647,381	10.458	6,900	-72,415
5 Penson	26,900	280,653	10.433	20,400	212,579	10.421	6,500	-68,074
74 GMP	4,600	48,311	10.502	0			4,600	-48,311
63 Byron	20,797	217,375	10.452	16,834	176,395	10.478	3,963	-40,980
81 HSBC	3,300	34,369	10.415	0			3,300	-34,369
36 Latimer	1,900	19,836	10.44	0			1,900	-19,836
19 Desjardins	25,025	261,231	10.439	23,550	246,144	10.452	1,475	-15,087
60 MF Global Can	52,400	547,453	10.448	51,200	534,691	10.443	1,200	-12,762
57 Interactive	156	1,624	10.41	0			156	-1,624
250 Infinium Capital	66	685	10.379	80	837	10.463	-14	152
22 Fidelity	0			300	3,123	10.41	-300	3,123
14 ITG	5,105	53,556	10.491	5,581	58,344	10.454	-476	4,788
72 Credit Suisse	6,500	68,089	10.475	7,300	76,055	10.418	-800	7,966
58 Qtrade	2,190	22,895	10.454	3,100	32,152	10.372	-910	9,257
65 Goldman	1,043	10,919	10.469	2,400	25,120	10.467	-1,357	14,201
48 Laurentian	0			1,500	15,690	10.46	-1,500	15,690
46 Macquarie	0			2,000	20,920	10.46	-2,000	20,920
13 Instinet	0			2,470	25,836	10.46	-2,470	25,836
53 Morgan Stanley	72	754	10.472	2,700	28,185	10.439	-2,628	27,431
89 Raymond James	0			2,900	30,239	10.427	-2,900	30,239
15 UBS	49,675	517,842	10.425	53,100	553,927	10.432	-3,425	36,085
83 Mackie	0			3,500	36,455	10.416	-3,500	36,455
1 Anonymous	322,300	3,363,058	10.435	334,100	3,488,163	10.44	-11,800	125,105
33 Canaccord	14,750	153,937	10.436	45,630	476,837	10.45	-30,880	322,900
2 RBC	74,500	777,573	10.437	128,565	1,337,311	10.402	-54,065	559,738
79 CIBC	534,770	5,587,162	10.448	619,386	6,467,966	10.443	-84,616	880,804
27 Dundee	120,000	1,255,200	10.46	240,000	2,511,782	10.466	-120,000	1,256,582
TOTAL	1,853,881	19,357,938	10.442	1,853,881	19,357,938	10.442	0	0

Experts who have talked about Yamana Gold Inc.


PAST TOP PICK	10.390	John Zechner	(A Top Pick Sept 8/09. Down 5.85%.)	2010-09-09

TOP PICK	10.920	Ross Healy	Trades at about 1X Book Value. Cheap. Gold looks like it's on the move.	2010-09-07

DON'T BUY	10.870	Bruce Campbell	Had problems in the last couple of years and traded at a discount because they over promised and under delivered. Better places to be such as Allied Nevada (ANV-T), which has better growth.	2010-09-02

HOLD	10.810	Don Vialoux	Disconnection between the price of gold and this stock? Has under performed the sector, but even this stock is starting to go higher with seasonality.	2010-08-27

HOLD	10.820	Michael Sprung	They are cheap compared to their piers. They went with an organic growth profile instead of acquiring new assets and so on. You should have some exposure to gold.	2010-08-25

DON'T BUY	10.560	Bill Carrigan	When picking a gold stock, try to pick one that is doing at least as well as the group. This is not happening with this company indicated in the market is not happy with it.	2010-08-19

BUY	10.350	Peter Brieger	Very bullish on gold and sees at least $1500 this year, if not higher. This one is a midsize producer. Well positioned to grow.	2010-08-12

DON'T BUY	10.140	David Burrows	In spite of liking precious metals, he has been Shorting this one at times. Doesn't have good growth or production. Have disappointed a couple of times on production.	2010-08-09

BUY	10.240	David Cockfield	Had a nice little kick today because they actually started paying a dividend. Have some good prospects. Trades very easily. At the low end of its range and he can see it getting to $13-$14.	2010-08-06

BUY	9.910	Brooke Thackray	Disconnect between gold and gold stocks. Stocks have great earnings and raised dividends. Gold usually does well from July 12 until October 9. 7% is consumed in jewelry. Gold buying for gold fabrication is done in the summer time. Now is the time to get in. Down to Beginning of Jan ’09 support. Not a bad place to see it start to pick up.	2010-08-05

BUY	9.620	Charles Oliver, HBSc CFA	Near a 52-week low in the valuation is very cheap but you may have to be patient. Under performed for the last couple of years. CEO announced he was not going to do any acquisitions so investors expected there would be no growth but he sees growth on a per share basis.	2010-07-29

Comment	9.760	Christine Poole	Gold stocks have been under performing actual gold prices. Positive on gold long-term and thinks the direction is up. This one is a tier 1 producer at about 1 million ounces. Have been growing through acquisition and are now in the process of putting some mines into production but it will be a couple of years before the start showing in the stock price.	2010-07-26

HOLD	9.880	John Zechner	Expects more corporate activity in the gold sector and this one stands out as a takeover target based on net asset value. Good quality assets. Feels that golds are coming back down and you look at them again in the fall.	2010-07-

Close Prices Last 3 Months

Price/volumes not adjusted for restructures

Date	Ex	Sym	Open	High	Low	Close	Chg	Vol	#Tr	Bid	Ask
2010-09-10	T	YRI	10.34	10.62	10.34	10.52	0.13	2,111,041	4,602	10.50	10.53
2010-09-09	T	YRI	10.67	10.68	10.38	10.39	-0.23	2,504,939	5,160	10.38	10.39
2010-09-08	T	YRI	10.98	10.98	10.62	10.62	-0.30	2,827,223	5,849	10.62	10.63
2010-09-07	T	YRI	10.92	11.05	10.88	10.92	0.11	3,702,685	6,647	10.90	10.93
2010-09-03	T	YRI	10.76	10.86	10.58	10.81	-0.06	3,124,863	6,338	10.79	10.82
2010-09-02	T	YRI	10.72	10.89	10.59	10.87	0.25	2,965,059	6,458	10.86	10.87
2010-09-01	T	YRI	10.87	10.87	10.52	10.62	-0.18	4,060,126	6,863	10.59	10.62
2010-08-31	T	YRI	11.00	11.11	10.75	10.80	-0.15	5,150,657	8,979	10.80	10.81
2010-08-30	T	YRI	10.84	10.98	10.79	10.95	0.14	2,192,517	4,950	10.93	10.95
2010-08-27	T	YRI	10.85	10.95	10.69	10.81	0.02	3,148,929	6,960	10.81	10.83
2010-08-26	T	YRI	10.79	10.92	10.73	10.79	-0.03	2,596,138	5,012	10.78	10.79
2010-08-25	T	YRI	10.51	10.82	10.46	10.82	0.42	2,861,131	5,543	10.77	10.83
2010-08-24	T	YRI	10.49	10.68	10.37	10.40	-0.26	2,894,223	5,235	10.37	10.41
2010-08-23	T	YRI	10.50	10.69	10.39	10.66	0.17	4,560,937	7,206	10.63	10.66
2010-08-20	T	YRI	10.50	10.56	10.39	10.49	-0.07	1,720,593	4,057	10.49	10.53
2010-08-19	T	YRI	10.69	10.73	10.48	10.56	-0.04	2,563,664	5,757	10.56	10.58
2010-08-18	T	YRI	10.45	10.67	10.32	10.60	0.09	2,924,367	6,097	10.59	10.63
2010-08-17	T	YRI	10.34	10.52	10.19	10.51	0.15	1,693,677	4,711	10.50	10.51
2010-08-16	T	YRI	10.30	10.38	10.29	10.36	0.21	1,574,111	3,045	10.33	10.36
2010-08-13	T	YRI	10.32	10.35	10.12	10.15	-0.20	1,629,286	2,688	10.13	10.15
2010-08-12	T	YRI	10.14	10.35	10.11	10.35	0.40	2,273,314	4,521	10.32	10.35
2010-08-11	T	YRI	10.23	10.27	9.95	9.95	-0.22	2,923,560	5,408	9.95	9.98
2010-08-10	T	YRI	10.08	10.26	10.02	10.17	0.03	2,352,791	3,899	10.16	10.19
2010-08-09	T	YRI	10.32	10.32	10.09	10.14	-0.10	6,113,373	3,611	10.14	10.15
2010-08-06	T	YRI	10.04	10.42	10.04	10.24	0.33	6,618,062	7,313	10.23	10.24
2010-08-05	T	YRI	9.85	9.96	9.78	9.91	-0.02	4,849,149	5,814	9.91	9.93
2010-08-04	T	YRI	9.98	9.98	9.85	9.93	0.17	2,590,721	4,768	9.90	9.94
2010-08-03	T	YRI	9.67	9.86	9.67	9.76	0.09	2,388,707	5,099	9.75	9.80
2010-07-30	T	YRI	9.58	9.71	9.52	9.67	0.05	2,306,314	5,301	9.66	9.70
2010-07-29	T	YRI	9.63	9.66	9.53	9.62	0.04	1,912,407	4,066	9.58	9.62
2010-07-28	T	YRI	9.50	9.62	9.47	9.58	0.07	2,104,695	3,757	9.58	9.59
2010-07-27	T	YRI	9.73	9.74	9.50	9.51	-0.25	4,055,761	6,059	9.51	9.52
2010-07-26	T	YRI	9.97	9.97	9.75	9.76	-0.12	1,826,956	4,019	9.76	9.77
2010-07-23	T	YRI	9.96	10.02	9.83	9.88	-0.04	2,381,876	5,478	9.87	9.88
2010-07-22	T	YRI	9.81	9.97	9.81	9.92	0.08	1,953,438	5,107	9.91	9.93
2010-07-21	T	YRI	9.89	9.94	9.74	9.84	-0.07	2,482,997	5,275	9.81	9.84
2010-07-20	T	YRI	9.76	10.02	9.74	9.91	0.11	2,731,725	6,219	9.91	9.92
2010-07-19	T	YRI	10.00	10.00	9.68	9.80	-0.26	2,884,354	6,685	9.80	9.81
2010-07-16	T	YRI	10.17	10.19	10.01	10.06	-0.24	3,666,028	6,840	10.04	10.06