Coronado Global Resources' analyst price target has been raised from $0.22 to $0.24 per share, as analysts note updated expectations for higher fair value. This adjustment comes despite a slight reduction in projected revenue growth and profit margins.
What's in the News
- Coronado Global Resources was added to the S&P/ASX Emerging Companies Index. (Key Developments)
- The company was dropped from both the S&P/ASX Small Ordinaries Index and the S&P/ASX 300 Index. (Key Developments)
- Reported quarter and half-year production results show quarterly run-of-mine (ROM) production increased 20% to 7 Mt. Saleable production rose to 3.7 Mt. (Key Developments)
- Ongoing asset sale discussions continue with interest from major industry buyers. Recent talks were held with Indian steel manufacturers, and there is increasing interest in the company's Buchanan mine in the United States. (Key Developments)
- A Barranjoey research note highlights that cash burn dropped from USD 40 million per month in the first half of the year to a forecasted USD 15 million per month in the second half. (Key Developments)
Valuation Changes
- The Fair Value Estimate has risen moderately, now at A$0.24 per share, up from A$0.22.
- The Discount Rate has increased slightly, moving from 9.98% to 10.56%.
- The Revenue Growth Forecast has declined notably, dropping from 11.6% to 9.1%.
- The Net Profit Margin has decreased marginally, from 1.93% to 1.86%.
- The Future P/E Ratio has climbed from 5.93x to 7.32x.
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