Equigold

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.

ABN Amro have upgraded their rating for the Equigold (EQI) stock to Buy from Hold with a share price target of $1.76. The analyst was wowed by the company's operating performance as in producing just over 155koz of gold it was able to lower costs by $29/oz to $353/oz.

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.