BUZZ-Australia's Northern Star Resources falls; Jefferies cuts PT on weak Q3 results

Reuters
04-30
BUZZ-Australia's Northern Star Resources falls; Jefferies cuts PT on weak Q3 results

** Northern Star Resources NST.AX slips 3.8% to A$19.15, lowest since April 9

** Stock among top pct losers on benchmark ASX200 index .AXJO

** Gold miner reports Q3 gold sales of 385koz vs year-ago 401koz

** Jefferies cuts PT to A$24 from A$25 as sales and production results miss estimates; retains "buy"

** Says this happened due to deferred grade profile at Kalgoorlie Consolidated Gold Mines in Western Australia

** Expects strong Q4 despite short-term issues, boosted by elevated grades and productivity from Golden Pike North and Oroya Brownhill projects

** NST up 8.5% in April

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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