Whitehaven Coal (ASX: WHC)
Rating: OVERWEIGHT
Price target: $9.75
Of the 20 miners covered in the latest report, Morgan Stanley equity analyst Rahul Anand, CFA, holds the strongest conviction on thermal and metallurgical coal producer Whitehaven, which operates mines in New South Wales and Queensland.
He believes the stock currently presents more than 40% upside, based on its latest closing price of $6.93.
“Our base case value reflects higher costs and capex for FY23, to account for the stickiness in inflation,” Anand says.
“Even so, we think the stock remains significantly cheap and is also supported by healthy dividend and buyback yield.”
Ahead of the March quarter update, Anand also notes that further news on the anticipated 2024 final investment decision on WHC’s Vickery and Winchester South projects in NSW and QLD could boost the share price further.
On the back of the company's February earnings report, long-time commodities bull Emanuel Datt explained why
Whitehaven Coal (ASX: WHC)Rating: OVERWEIGHTPrice target:...
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.77 |
Change
0.000(0.00%) |
Mkt cap ! $6.500B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1755 | $8.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.00 | 9 | 1 |
View Market Depth
| Last trade - 09.57am 23/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$7.81 |
Change
0.000 ( 0.73 %) |
||||
| Open | High | Low | Volume | ||
| $7.70 | $7.81 | $7.70 | 31988 | ||
| Last updated 10.16am 23/05/2024 ? | |||||
| WHC (ASX) Chart |
Day chart unavailable