Expert tips 10% dividend yield and booming share price for this...

Expert tips 10% dividend yield and booming share price for this ASX 200 stock

One on-the-ball punter recently asked Shaw and Partners portfolio manager James Gerrish whether he would buy WHC at that price.

The answer was a resounding yes.

“We remain long and bullish Whitehaven Coal, and if we had no position we would be accumulating into current weakness in the $7 region,” he said on a Market Matters Q&A.

Not only is there upside in the share price, according to Gerrish, the dividend yield would remain massive.
“We believe Whitehaven Coal’s average price through the remainder of 2023 will be significantly above $7 while the stock yields ~10% fully franked.”

He’s not the only one bullish on Whitehaven. Morgans analysts this week expressed their enthusiasm for the coal stock.

“Morgans has an add rating and $10.35 price target,” reported The Motley Fool’s James Mickleboro.

“This suggests [a] potential upside of 53% for investors. Its analysts expect this to be complemented with a 10% dividend yield.”

https://www.f ool.com.au/2023/03/16/expert-tips-10-dividend-yield-and-booming-share-price-for-this-asx-200-stock/