LGL
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0.86% $1.74 lynch group holdings limited

Latest ratingCiti 10/09/2009 3 Hold, High Risk $3.40 9.4%Citi...

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    10/09/09
    09:33
    Post #: 5623039
    Latest rating

    Citi 10/09/2009 3 Hold, High Risk $3.40 9.4%
    Citi has upgraded its gold price forecasts to US$965/oz in 2010 and US$933/oz in 2011 from US$925/oz and US$750/oz respectively.

    The broker notes that the upside risk in the short-term is further USD weakness, which could drive gold through the psychologically important US$1,000/oz barrier. However, Citi also notes that physical investment is weakening as economies rebound and the "fear trade" fades.

    The higher gold price forecasts see Citi lift its target price for Lihir to $3.40 (from $3.00).
    LGL Price at posting: $3.09 Sentiment: None Disclosure: Held
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Last
$1.74 		Change
-0.015(0.86%) 		Mkt cap ! $172.7M
Open High Low Value Volume
$1.77 $1.77 $1.74 $12 7

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No. Vol. Price($)
1 1000 $1.72
 

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Price($) Vol. No.
$1.75 336 1
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