YRI.TO Yamana Gold (TSX) pre-market C$7.89 28 Jan 2026: heavy volume may drive moves

YRI.TO stock is trading pre-market at C$7.89 on 28 Jan 2026 with unusually high activity. Volume of 23,617,782 shares makes Yamana Gold Inc. (YRI.TO) one of the most-active TSX names this session. The price is near the 50-day average of C$7.62 and above the 200-day average of C$6.85, a short-term bullish signal. We track liquidity, valuation and Meyka AI model forecasts to explain why volume, not news, appears to be moving the stock now.

Pre-market flow and liquidity

YRI.TO stock shows a pre-market print of C$7.89 with an open equal to the quote. Daily range sits between C$7.83 and C$8.08. Current volume 23,617,782 versus average volume 1,655,620 gives a relative volume of 14.27, signaling heavy intraday interest. High relative volume often precedes larger price moves on the TSX, especially for Basic Materials names.

Price action, averages and technicals

Yamana Gold (YRI.TO) trades above the 50-day average C$7.62 and the 200-day average C$6.85. That alignment typically favors bulls in the near term. The year high is C$8.38 and the year low is C$5.35, giving a visible range for breakout or mean-reversion trades. Short-term traders will watch the C$8.08 high for a breakout and C$7.83 for support.

Valuation and key financial metrics

Yamana Gold (YRI.TO) shows a market cap of C$7.59B and trailing EPS of -1.38, yielding a negative PE of -5.72. Price-to-book is 1.70 and price-to-sales is 3.09. CurrentRatio is 1.44 and debt-to-equity is 0.24, indicating moderate leverage. Free cash flow yield is low at 0.42%, reflecting recent capex and operating patterns.

Meyka Grade and forecast

Meyka AI rates YRI.TO with a score out of 100: Score 60.18 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a one-year level of C$13.08 versus the current price C$7.89. That implies an upside of 65.85% from today. Forecasts are model-based projections and not guarantees.

Catalysts, risks and sector context

Yamana sits in the Basic Materials sector and the Gold industry, which has posted a YTD sector rise of 22.15%. Near-term catalysts include gold price moves and operational updates from mines in Canada, Brazil, Chile and Argentina. Key risks are negative net income margins and volatile commodity pricing. Analysts will watch production, unit costs and cash flow for direction.

Trade ideas and price targets

For disciplined investors we outline scenario targets. Conservative price target: C$6.50. Base case price target: C$10.00. Bull case (model-based): C$13.08. Stop-loss discipline should reflect individual risk tolerance given EPS of -1.38 and current volatility. We note the 50/200-day cross and high relative volume as trade triggers.

Final Thoughts

YRI.TO stock is one of the TSX most-active names pre-market on 28 Jan 2026, trading at C$7.89 with 23,617,782 shares changing hands. Liquidity is elevated, and price sits above both the 50-day and 200-day averages, a short-term positive. Valuation shows a negative PE of -5.72 and a price-to-book near 1.70, which frames Yamana as a commodity-sensitive, value-cyclical name. Meyka AI rates YRI.TO 60.18/100 (B, HOLD) and projects a one-year model price of C$13.08, implying 65.85% upside versus the current price. Those model outputs are not guarantees; they guide scenario planning. Traders should weigh heavy pre-market volume, sector strength in Basic Materials, and operational headlines before sizing positions. For longer-term investors, monitor free cash flow trends, unit costs, and gold price direction as principal drivers of valuation and earnings recovery. See the latest market context and competitor notes on MarketBeat competitors and our Meyka stock page for live updates.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.