1103 [Dow Jones] Macquarie boosts iron ore, coal price forecasts: ups iron ore contract price rise forecast for 2010-11 to 30%, up 18% from previous. Centennial Coal (CEY.AU) upgraded to Neutral, reflects improving thermal coal outlook. Gold price outlook also strongly positive, but downgrades Kingsgate Consolidated (KCN.AU) to Neutral on value grounds, revised production assumptions at Chatree following delays in obtaining government approval for tax structure. Reinitiates St. Barbara (SBM.AU) at Outperform. Upgrades Perilya (PEM.AU) to Outperform. (EFB)
PEM Price at posting:
56.6¢ Sentiment: Buy Disclosure: Held