** Shares of 29Metals 29M.AX fall 4.2% to A$0.115, set for three sessions of consecutive losses
** Miner on Tuesday reported quarterly copper production of 5.8 kilo tons vs 6.4 kilo tons last quarter
** Jefferies says that production at the Xantho Extended project in Western Australia was lower than expected due to ventilation and seismic challenges
** Adds, operational fluctuations affected the consistency of free cash flow, which is crucial for the rest of the portfolio
** Cap Copper mine's suspension and restart costs, debt servicing, and Gossan Hill's capex raise concerns - Jefferies
** Cuts price target to A$0.12 from A$0.15; maintains 'Hold' rating
** Stock down 52% YTD
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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.