BAML – The Sell Off Is Overdone: It's Time To Buy GOLDRupert Hargreaves
The Sell Off Is Overdone: It's Time To Buy GOLD
Randgold Resources’ post-earnings sell off is overdone and now is the perfect time to buy the miner, that’s according to Bank of America Merrill Lynch, which today upgraded $GOLD from ‘neutral’ to ‘buy’.
Buy Randgold for exposure to gold
Randgold’s Q1 2016 results, published yesterday, sparked a sell-off that has sent the miner’s shares plunging to a level not seen since mid-February. However, the figures weren’t overly disappointing, and the underlying case for investment appears to remain intact . . .
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