** Shares of gold miner Silver Lake Resources rise as much as 1.1% to A$1.335
** Analysts at Macquarie raise FY24 earnings per share estimate for co by 27% to A$6.8
** SLR reports sales of 64.5koz in preliminary Q3 results, 20% above analysts estimates
** Brokerage increases PT to A$1.40 from A$1.20; maintains rating at "neutral"
** "SLR is very comfortably on track for guidance and remains 'under offer' following the recently announced merger with RED 5 ," says brokerage
** Four of six analysts rate stock "buy" or higher and two "hold"; their median PT is A$1.50 – LSEG
** Stock up 10.9% this year, as of last close
(Reporting by Megha Rani in Bengaluru)
((Megha.Rani2@thomsonreuters.com;))
Comments