BUZZ-Macquarie ups PT on Australia's Silver Lake on preliminary Q3 results

Reuters04-09

** 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;))

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