September 1st, 2010 - 9:26 am | by GoldAlert ...Wellington West revised their gold price assumptions for 2011 and 2012 to $1,400 per ounce from $1,200 per ounce, resulting in target price increases averaging 17% for their gold companies under coverage. The investment bank noted the fact that “quantitative easing concerns increased gold demand” as “governments continue with accommodative monetary and fiscal policy response” to counteract “fears of a double-dip recession.” Specifically, Wellington noted that Avion Gold (AVR.TSXV) and Aurizon Mines (AZK) benefitted the most as it related to net asset value per share growth, while Kinross Gold (KGC), Avion, and Aurizon “have the largest 2011 EPS growth.” San Gold (SGR.TSXV), Avion, and IAMGOLD (IAG) have the largest 2011 cash flow per share growth according to the investment bank’s research analysts. ... http://www.goldalert.com/stories/Gold-Price-Breaks-Through-1250- |