In Finance news in The Australian today:Goldman Sachs says investors should buy Whitehaven Coal, Coronado Global Resources and South32 as Russia's invasion of Ukraine propels coal prices to five-year highs.
The broker now forecasts benchmark thermal coal (6,000kcal) to hit $US190/t in Q421 and average $US137/t in 2022, and benchmark met coal (Qld premium low vol) to average $US230/t in Q421 and $US175/t in 2022 on supply chains issues coupled with surging demand.
Rising coal prices sees Goldman Sachs upgrade its target price for South32 from $3.60 to $3.80, Whitehaven Coal goes from $2.80 to $3.70 and Coronado rises to $1.60 from $1.20.
Goldman Sachs has however downgraded New Hope from a buy rating to neutral, while lifting its target price from $2.20 to $2.50.
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Last
$3.72 |
Change
-0.020(0.53%) |
Mkt cap ! $3.144B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.79 | $3.71 | $9.411M | 2.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12000 | $3.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.73 | 20000 | 1 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| NHC (ASX) Chart |