NEW HOPE CORPORATION LIMITED ((NHC)) Upgrade to Outperform from Neutral by Credit Suisse .B/H/S: 2/2/0
Post the heavy rainfall during late March in Australia, Credit Suisse notes an already tightly supplied thermal coal market was further squeezed, leading the NEWC Index benchmark prices to remain elevated above the circa US$90/t levels.
The broker has increased the near-term thermal coal price forecast to US$82/US$70 per tonne from US$75/US$65. As a result, New Hope Corp's earnings forecasts have been lifted by 14-44% in FY21-22 with minor flow-on impacts to outer years.
Credit Suisse upgrades to Outperform from Neutral with a target price of $1.30.
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Last
$4.32 |
Change
-0.040(0.92%) |
Mkt cap ! $3.651B | |||
| Open | High | Low | Value | Volume |
| $4.38 | $4.39 | $4.30 | $7.106M | 1.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 33998 | $4.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.32 | 148 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| NHC (ASX) Chart |