BUZZ-Macquarie upgrades Australia's Genesis Minerals on better AISC and EPS forecast

Reuters03-26

** Analysts at Macquarie say Genesis Minerals' plan for A$520 mln ($340.03 mln) in growth capital expenditure materially higher than A$92 mln prior estimate

** Macquarie says longer-term all-in-sustaining-cost (AISC) appears to be better due to Tower Hill being in full production beyond FY29

** Brokerage upgrades stock rating to "outperform" from "neutral", maintains target price at A$2.00/shr

** Analysts say incorporating GMD's 5-10 year forecast sees 23% lift in EPS for FY29

** Shares of GMD up 2.5% to A$1.85 at 2305 GMT

** Two of six analysts rate stock "buy" or higher, four rate it "hold"; their median PT is A$1.88 - LSEG data

** Stock up 0.6% YTD, as of last close

($1 = 1.5293 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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