Latest rating
Citi 10/09/2009 3 Hold, High Risk $3.40 9.4%
Citi has upgraded its gold price forecasts to US$965/oz in 2010 and US$933/oz in 2011 from US$925/oz and US$750/oz respectively.
The broker notes that the upside risk in the short-term is further USD weakness, which could drive gold through the psychologically important US$1,000/oz barrier. However, Citi also notes that physical investment is weakening as economies rebound and the "fear trade" fades.
The higher gold price forecasts see Citi lift its target price for Lihir to $3.40 (from $3.00).
Latest ratingCiti 10/09/2009 3 Hold, High Risk $3.40 9.4%Citi...
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 607 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 372 | 2 |
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