EQI
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.
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