Perhaps Wall Street analysts are starting to defend beaten-down gold miners, as Deutsche Bank...


Perhaps Wall Street analysts are starting to defend beaten-down gold miners, as Deutsche Bank upgrades South Africa's Gold Fields (GFI +2.6%) and AngloGold (AU +1.1%) to Buy from Hold. While the firm says the stocks look more expensive vs. spot gold (25x FY14 estimates), it believes the miners will now prioritize cost and capex cuts to protect free cash flow.

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  • Bifement
    , contributor
    Comments (48) | Send Message
     
    Time to sell and buy back in a month or so
    18 Apr 2013, 02:47 AM Reply Like
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