Yamana Gold YRI.TO heavy intraday volume on TSX 02 Jan 2026: 23.62M shares
Yamana Gold Inc. (YRI.TO) is trading at CAD 7.89 on the TSX in heavy intraday volume, with 23,617,782 shares changing hands so far on 02 Jan 2026, making it one of the most active TSX names today. The intraday range is CAD 7.83 to CAD 8.08 and relative volume is 14.27x average, a clear signal that traders are focused on YRI.TO stock momentum in the gold sector. We review price drivers, valuation metrics, Meyka AI’s grade and model forecasts to help frame risk and opportunity.
Intraday snapshot and trading flow
Yamana Gold Inc. (YRI.TO) is priced at CAD 7.89 with a day low of CAD 7.83 and a day high of CAD 8.08 on the TSX; year high is CAD 8.38 and year low is CAD 5.35. Volume is 23,617,782 versus an average volume of 1,655,620, giving a relative volume of 14.27, indicating unusually strong intraday interest. This is a most-active trading pattern for 02 Jan 2026 and suggests elevated liquidity and short-term volatility for traders to monitor.
Why volume is spiking now
The spike in activity appears tied to sector momentum in Basic Materials and Gold, where large-cap peers have shown strong gains over recent months; that sector has posted a 6-month rise and notable YTD strength into January. Market commentary and comparison pages highlight Yamana among gold names being re-evaluated by traders today source. High relative volume often precedes intraday breakouts or trend reversals, so traders should watch intraday order flow and gold price moves closely.
Valuation and financial snapshot
At CAD 7.89 YRI.TO has market capitalization of about CAD 7.59 billion and 962,196,992 shares outstanding. Key metrics: EPS -1.38, PE -5.72, price/book 1.68, EV/EBITDA -4.83, free cash flow yield 0.42%, current ratio 1.44 and debt/equity 0.24. The 50-day average price is CAD 7.62 and the 200-day average is CAD 6.85, showing the stock above both moving averages on today’s trade. These figures point to a leveraged recovery in cash flow with room for margin improvement if gold prices stay supportive.
Meyka AI grade and forecast
Meyka AI rates YRI.TO with a score of 72 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The score reflects Yamana’s modest book value support (PB 1.68), conservative debt (debt/equity 0.24) and negative EPS that weighs on valuation. Meyka AI’s forecast model projects a 12-month target of CAD 11.69 (implied upside 48.20% vs CAD 7.89). Three-year and five-year model projections are CAD 14.48 (upside 83.54%) and CAD 17.26 (upside 118.85%), respectively. Forecasts are model-based projections and not guarantees.
Technical levels and analyst-style price targets
Short-term technicals: support near CAD 7.60 (50-day average) and stronger support near CAD 6.85 (200-day average). Immediate resistance sits at today’s intraday high CAD 8.08 and the year high CAD 8.38. For traders we outline a conservative price target at CAD 9.00 (short-term scalp) and a model-driven 12-month target at CAD 11.69. Suggested risk management: consider stops near CAD 7.20 and scale-in on dips toward CAD 6.85. These targets are model and pattern based, not firm analyst consensus.
Risks and near-term catalysts
Primary risks include lower gold prices, operational or jurisdictional issues in Peru, Brazil, Chile or Argentina, and continued negative EPS pressure. Near-term catalysts that could lift YRI.TO include stronger realized gold prices, higher production or cost improvements, and sector rotation into precious metals. Watch macro data, central bank flows into gold, and company updates for immediate impact on intraday liquidity and medium-term outlook. For further background on peer movement see market commentary source.
Final Thoughts
Key takeaways: Yamana Gold Inc. (YRI.TO) is one of the TSX’s most active names on 02 Jan 2026, trading at CAD 7.89 with 23,617,782 shares exchanged and relative volume of 14.27x. Valuation metrics show PB 1.68 and a negative PE of -5.72 while liquidity and conservative net debt support the balance sheet. Meyka AI’s model projects a 12-month target of CAD 11.69 (implied upside 48.20%), with longer-term forecasts of CAD 14.48 in three years and CAD 17.26 in five years; these are model-based projections and not guarantees. We rate the stock Grade B (72/100) and suggest a HOLD stance for medium-term investors while traders may exploit intraday volatility with strict risk limits. Monitor gold prices, operational reports and intraday order flow for the next directional trigger — elevated volume today points to either a momentum continuation or rapid mean reversion, so position sizing and stops are essential. Meyka AI’s data-driven view aims to inform, not replace independent due diligence.
FAQs
YRI.TO’s volume is elevated due to sector momentum in gold, higher liquidity from traders, and intraday interest around price action; relative volume at 14.27x indicates large participation that can produce short-term volatility and potential trend continuation.
Key metrics include EPS -1.38, PE -5.72, price/book 1.68, free cash flow yield 0.42% and current ratio 1.44. Investors should monitor changes in EPS, cash flow and book value as gold prices and production data evolve.
Meyka AI’s forecast model projects a 12-month target of CAD 11.69 (about 48.20% upside vs CAD 7.89). This is a model projection and not a guarantee; use it alongside company updates and market conditions.
Use defined stop-loss levels (for example near CAD 7.20) and scale-in/out around support at CAD 7.60 and resistance near CAD 8.08; high relative volume means rapid moves, so keep position sizes conservative.
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.
