Buy, Hold, Sell – What the Brokers Say

Founder of FNArena
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The big spike in upgrades marks a significant turnaround in market views about the outlook for gold in a world wherein one third of global government bonds are yielding negatively, and with central banks expected to pull down cash rates further towards zero.

The higher price outlooks for bullion reflect positively on Australian gold miners. Stocks that had looked egregiously overbought only a few weeks ago, suddenly looked "attractive" again post pull back and with analysts revising their forward-looking numbers.

In between, the tsunami in upgrades for mostly small cap gold producers, we find the occasional upgrade for Goodman Group, Ramsay Health Care (twice), and Mirvac Group (twice).

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