** Analysts at Jefferies raise PT on Australia's Aurelia Metals AMI.AX to A$0.32 per share from A$0.30 per share; reiterate "buy" rating
** Gold and base metals explorer on Wednesday reported March-quarter production figures for gold of 16.6 thousand ounces (koz), up from 11.0 koz reported last quarter
** However, company reported a drop in its base metals production, with copper production down to 0.5 kilotons (kt) vs 0.7 kt in the last quarter
** Stronger gold offset weaker base metals production — Jefferies
** Brokerage sees base metals production to improve from fourth quarter, given ramp-up of development at co's Federation and Peak projects
** Three out of three analysts rate stock "buy" or higher; their mean PT is A$0.34 — LSEG
** Stock last up 70.6% YTD, as of last close
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((JasmeenAraIslam.Shaikh@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.