OGD

ABN Amro have rated the Oceania Gold (OGD) stock with a Hold recommendation with a share price target of $0.82 and a valuation of $1.17. The company have reported a loss of $29.8 million for the half yearly report although after hedge losses are stripped out, a small profit is shown which is a significant improvement over the same period last year. On the other hand, Deutsche Bank have rated the stock with a Buy, reiterating their rating at But with a share price target of $1.61.

Gold has been goin’ on up for the past few weeks, and with Australia being the second biggest producer of gold in the wold, it may be worth your while to examine some of the gold stocks listed on the Australian Stock Exchange (ASX). Macquarie Research Equities (MRE) have reviewed and upgraded their gold price forecasts, and now expect gold to rise to a high of US$900/oz in 2007.