2348 GMT - Greatland Resources gains a bull in Macquarie, which says the stock is now one of its key mid-cap picks in the Australian gold sector. The upgrade--to outperform from neutral--follows a weak share-price performance in recent months. "We think now could be an opportune time to revisit the investment thesis," says the bank, citing potential catalysts such as the possible sale of the O'Callaghans project and exploration updates at West Dome Underground. Still, Macquarie lowers its target to A$12.30/share from A$13.00/share. The bank cuts its 2027 gold-price forecasts, by 3% in U.S. dollar terms and 8% in Australian dollars. "Gold faces a less supportive macro backdrop, as higher real yields, sticky inflation and a stronger U.S. [dollar] increasingly challenge the rally," it says. Greatland ended Thursday at A$10.28.