Buy Lihir, Sino on Gold Price Forecast, Goldman Sachs SaysEmail...

Buy Lihir, Sino on Gold Price Forecast, Goldman Sachs Says
Email | Print | A A A

By Jesse Riseborough

Feb. 10 (Bloomberg) -- Lihir Gold Ltd., the second-largest gold mining company on the Australian Stock Exchange, and Sino Gold Mining Ltd. had their ratings raised by Goldman Sachs JBWere Pty after increasing its forecast for the price of gold.

Lihir and Sino were upgraded to “buy” from “hold” after Goldman increased its base forecast for gold to $900 an ounce in 2009 from $800, analysts led by Melbourne-based Malcolm Southwood,