Now is a good time to buy gold stocks, according to Morgan Stanley.
Notably, gold stocks underperformed gold prices by about 20% in the last three months, the investment bank's analysts, led by Sandeep Peety, wrote in a Nov. 2 note.
Morgan Stanley named several stocks to play the "golden opportunity."
'Preferred play' Morgan Stanley named Endeavour Mining , a London-headquartered multinational mining company, as its "preferred play."
Other overweight-rated stocks Other gold mining companies that the investment bank gave an overweight rating include Australia's Evolution Mining and Regis Resources and China's Zijin Mining Group .
Persons:
Morgan Stanley, Sandeep Peety, — CNBC's Michael Bloom
Organizations:
Endeavour Mining, Regis Resources, Zijin Mining, Mining, Compania De
Locations:
Israel, London, EDV, Ivory, Massawa, Senegal, Compania De Minas Buenaventura