** Analysts at Macquarie reduce EPS estimate for gold producer Capricorn Metals by 3% to A$28.6 in FY24
** Co posts FY24 production guidance to be in the range of 112-115koz, down from prior guidance of 115-125koz
** Macquarie notes rainfall events at Karlawinda has affected material movements
** Brokerage downgrades stock rating to "underperform"
** Four of seven analysts rate the stock "buy", two "hold" and one "sell"; their median PT is A$5.05 – LSEG data
** Stock up 10.2% this year, as of last close
(Reporting by Megha Rani)
((Megha.Rani2@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments