** Gold explorer Genesis Minerals GMD.AX jumps 3.47% to A$2.98, highest since February 2011
** Co reports December quarter gold production of 57.1koz, 16% above Citi's estimates, driven by higher grades at its underground site in South Africa and successful first-quarter production from restarted Laverton mill in Australia
** Citi says co's December-quarter cash and equivalent rose by A$60 mln ($37.5 mln) q/q to A$238 mln ($148.6 mln)
** Maintains "buy" at PT of A$3.20
** Stock rated "buy" on avg; median PT is A$3.30 – LSEG
** GMD gained 38% last year
($1 = A$1.6013)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@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.