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PR Newswire
30-11-2012, 05:34 PM
Here's an optimistic view by GS posted on aastocks website on 13 Nov 2012.
Goldman Sachs expects the upswing in gold price will last throughout 2015. To reflect monetary easing and low interest rate, the broker hiked gold price forecast for 2013-15 by 6%/8%/21% to US$1,811/1,884/1,922 per ounce, believing that gold stocks will continue to outperform gold price.
Goldman Sachs raised ZIJIN MINING (02899.HK)'s H-share target price from $3.8 to $4.05 with CL-Buy rating.
ZHAOJIN MINING (01818.HK) is kept Neutral with target price hiked from $13.1 to $13.83. (y)
Goldman Sachs expects the upswing in gold price will last throughout 2015. To reflect monetary easing and low interest rate, the broker hiked gold price forecast for 2013-15 by 6%/8%/21% to US$1,811/1,884/1,922 per ounce, believing that gold stocks will continue to outperform gold price.
Goldman Sachs raised ZIJIN MINING (02899.HK)'s H-share target price from $3.8 to $4.05 with CL-Buy rating.
ZHAOJIN MINING (01818.HK) is kept Neutral with target price hiked from $13.1 to $13.83. (y)