LGL

Here is an update on the different sectors of Australian market from market analyst Macquarie Research Equities.

Record Oil - The Impact of Black Gold

Australian Resources Weekly provided by Australian market analyst UBS.

What are consensus estimates telling us?

Consensus estimates versus spot prices:

Bloomberg data suggests spot is lower than consensus estimates for lead (-25%), nickel (-23%) and zinc (-19%) and higher than consensus estimates for copper (5%) and oil (28%). The implication is that there could be downside risk to zinc, lead and nickel, if prices do not rise from current levels and hence a negative impact on the stocks exposed to these commodities.

Australian Equity Strategy Update provided by Australian stockmarket analyst Macquarie Research Equities.

Model Portfolio Update

Reducing Energy - Preference For Diversifieds:

We remain overweight diversified resources (where valuations appear reasonable), and have moved energy down from benchmark to underweight, as we believe valuations in the sector are looking stretched, as is the oil price in our view.

Accumulating Banks:

Australian Global Commodities Markets Update provided by Australian stockmarket analyst Macquarie Research Equities.

This year’s Golden Globe goes to…

Here are the Macquarie Research Commodities (MRC) reviews about the current market for Gold and insights about their Gold price forecast.

China – Gold Fever

If you are bullish on the long term China story, you should also be bullish on Gold. Like Oil, Gold has recently surged in price driven by demand from China and other major Developing Countries. In today’s note, Macquarie Research Commodities (MRC) reviews the current market for Gold and provides an insight into their Gold price forecast of $1,100/oz in the medium term.

Here is an update on the comparison of Australia's equity strategy Vs the world from Australian market analyst UBS.

Equity Strategy – Australia vs The World

Lihir Gold (LGL) has a price target of $1.95 from Australian stock analyst UBS.

Lihir Gold (LGL) has production below expectations with higher costs for March 08 quarter

Event: 139koz gold production for the quarter:

Gold production for the quarter was 139koz at cash cost of US$722/oz. This was 8% below our estimate of 150koz and well above our cost estimate of US$537/oz. Costs were impacted by higher fuel charges, adverse FX movements, the total plant shut and unexpected one off costs.

Impact: Higher costs cuts earnings estimates by 10+%:

Here is the Macquarie Research Equities (MRE) insights into the results and expectations for the rest of the year and operating results for the Lihir Gold Limited (LGL).

LGL: Operating Result

An update from Australian equity markets analyst Macquarie Research Equities. They maintain a $960 per ounce target for the gold commodity price with an increase to $1050 in 2009.

African Gold Rush – Lihir Gold/Equigold Merger