Yamana Gold (AUY +1.5%) is upgraded to Buy from Hold at Cowen, which says 2013 looks to be a...

|About: Yamana Gold Inc. (AUY)|By:, SA News Editor

Yamana Gold (AUY +1.5%) is upgraded to Buy from Hold at Cowen, which says 2013 looks to be a game-changing year with several projects ramping up or achieving steady-state. Relative to peers, AUY maintains a consistently low cost profile and has relatively low exposure to challenging jurisdictions, but shares have been unjustifiably under pressure due to poor performance from peers.