BAML – The Sell Off Is Overdone: It's Time To Buy GOLD

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. The surprising force behind gold’s rally The company reported EBITDA of $123…