Kingsgate
Kingsgate (KCN) is the best performing company on the ASX200 index this week (Winner of the Week for week 9 of 2007). The company closed the week 14.75 percent higher gaining 55 cents and closing the week at $4.28 per share. The ASX All Ordinaries closed at 5810.2 and the ASX200 index closed at 5830.2.
As another strong year for global resource stocks draws to a close, Macquarie Research Equities (MRE) analysts provide an overview of the resource sector for the year, and offer some insights into the outlook for 2007, as well as their recommendations and preferences for the year ahead.
Macquarie Research Equities (MRE) has rated the Kingsgate (KCN) stock with an Outperform rating, maintaining their 12 month share price target of $6.50. MRE has noted that the Kingsgate (KCN) shares were placed in trading halt on the 20th of September, pending further information about the military coup reported to have taken place in Thailand on Tuesday night (19th September).
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