1. WHC shares have fallen, from their most recent high SP, on...

1. WHC shares have fallen, from their most recent high SP, on 9.7.24, of $8.97, to $6.055 currently ie a drop of 32%.
NEWC 6000 kcal Thermal coal prices were US $134 on 19.7.24, later rose to US $149, & are US U$139 on 19.9.24- a rise (cf 19.7.24) of 4%.

Coal - Price - Chart - Historical Data - News (tradingeconomics.com)

Met coal prices have fallen much further, from US $260 (19.7.24) to US $191 on 19.9.24 (for Nov.24 contracts)- down c. 26%.
Met coal prices rose last night, & might be stabilising now?

IMO, WHC shares have been oversold- particularly if both thermal & met coal prices are stabilising.

SGX Aus Coking Coal Dec '24 Futures Price History - Barchart.com


It should be noted that it is rare for the US sharemarket to fall significantly in US Presidential Election years; & the US Fed Reserve rate cut yesterday of .5% is usually a bullish signal for sharemarkets.





2. Plenty of Brokers still currently very bullish ON WHC SP.
CapitalIQ said

"Macquarie Upgrades Whitehaven Coal to Outperform from Neutral; Price Target is AU$7.50

Whitehaven Coal WHC has an average rating of outperform and price targets ranging from AU$6.80 to AU$10.35, according to analysts polled by CapitalIQ".

Post #:75668025Thanks @luckyminer Can you please provide the Full CapitalIQ Report on WHC?





3. The fact that WHC Director M. McCormach bought another 10,000 WHC shares on 13.9.24 (for $60,000), to add to his current 30k WHC shares is also, obviously, a bullish signal for the WHC SP






4. This 19.9.24 mot.ley.fool article states most brokers are still very positive on WHC- & none recommend selling WHC.

msn.com/M.ot.leyFo.ol Z. Bristow said

"Are brokers or fundies bullish?

August proved to be a challenging month for the company, with Whitehaven shares falling 13%, making it the largest negative contributorto the Blackwattle Mid Cap Quality Fund's performance.

Despite this, Blackwattle remains bullish on Whitehaven's prospects.

The fund highlights Whitehaven's strong FY24 results and its strategic sell-down of 30% of the Blackwater Coal mine at a significant premium to its original acquisition price from BHP. This move places Whitehaven in a net cash position, it says.

JPMorgan shares this optimistic outlook,recently upgrading Whitehaven to a buyrating with a price target of $9.20 per share.

However,not all brokers are as upbeat. Following Whitehaven's FY24 results, Barrenjoey downgraded the stock from a buy to a hold.

The investment bank argued the stock is fairly valued at this point. Analysts also expressed concerns about Whitehaven's FY25 guidance, which indicated lower volumes and higher unit costs.

Goldman Sachs also joined the downgrading spree, slashing its FY25 and FY26 earnings forecasts for Whitehaven by 41% and 57%, respectively.

The broker revised its price target to $6.80 per share, maintaining a hold rating.

Goldman points to higher costs, lower volumes, and increased net interest expenses as the main reasons for this outlook.

But according to CommSec data, eleven (my emphasis) brokers rate the stock a buy, versus four a hold. None (all emphases, mine) recommend selling Whitehaven shares".

Should you buy Whitehaven shares during this sell-off? (msn.com)