For most of the last 30 years, gold miners were the worst-run businesses in the market.
PreciousMetals
They diluted shareholders relentlessly. They overpaid for acquisitions at the top of every cycle. And they somehow managed to lose money even when gold was trading at record highs. Generalist investors learned to avoid the sector entirely. Frankly, they were right to do so.
That era is over. And now even Wall Street is admitting it.
Bank of America’s equity analysts just published a report stating that gold miners have become one of the most profitable sectors in the entire market. Consider the following:
Gold miner free cash flow is now 10…
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