Coal Miner Coronado Must Show Consistency After Reset

Dow Jones
08/04

0133 GMT - There are encouraging signs that Coronado Global Resources' reset is delivering a better operational performance, says UBS analyst Lachlan Shaw. However, consistency is now required to make the risk-reward more attractive, he says. "Liquidity risk has reduced after the quarter, but the balance sheet remains sensitive to met coal prices, operational disruption and working-capital absorption," says Shaw. UBS has a neutral rating and A$0.21/share target on Coronado. Shares are down 1.4% at roughly A$0.17.

 

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