Morgan Stanley
07/05/2020
1
Overweight
$2.75
47.06%
- COMMENTARY
Morgan Stanley believes thermal coal is close to a floor price as demand ex China is expected to modestly increase as lockdowns ease.
The broker believes the market is more than compensated for issues at Narrabri and Maules Creek and performance at the latter should improve as the Braymont seam is mined and in-pit waste dumping commences.
Morgan Stanley also finds Vickery a worthy expansion project and considers the stock is trading significantly below fair value for its operating mines as well as its growth opportunities.
Overweight rating and In-Line industry view maintained. Target is $2.75.
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Last
$7.76 |
Change
0.005(0.06%) |
Mkt cap ! $6.512B |
Open | High | Low | Value | Volume |
$7.75 | $7.87 | $7.74 | $16.48M | 2.114M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 14546 | $7.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.76 | 8543 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 26606 | 7.750 |
12 | 21894 | 7.740 |
12 | 40595 | 7.730 |
6 | 11531 | 7.720 |
7 | 75894 | 7.710 |
Price($) | Vol. | No. |
---|---|---|
7.760 | 411 | 1 |
7.770 | 21327 | 24 |
7.780 | 17894 | 17 |
7.790 | 39440 | 19 |
7.800 | 27417 | 12 |
Last trade - 14.12pm 22/05/2024 (20 minute delay) ? |
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|||||
Last
$7.80 |
  |
Change
0.005 ( 0.56 %) |
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Open | High | Low | Volume | ||
$7.75 | $7.87 | $7.74 | 602489 | ||
Last updated 14.25pm 22/05/2024 ? |
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RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
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