New Hope Exits Q3 With Derisked Volumes Helped by Bengalla Operation, Says Jefferies, Shares Down 3%

MT Newswires Live
05/26

New Hope (ASX:NHC) exited the third quarter with reduced volume risk with sales of 3.2 million tonnes supported by the Bengalla operation running at an annualized production rate of 13.4 million tonnes and low costs of $74 per tonne free on board, according to a Tuesday Jefferies note.

The company on Monday reported group run-of-mine coal production for the three months ended April of 4.3 million tonnes with an average realized sales price of AU$140.70 per tonne for the quarter.

The investment firm noted that the company's earnings before interest, tax, depreciation, and amortization reached AU$132 million, outperforming Jefferies forecasts by 26%.

Jefferies kept a hold rating on New Hope with a price target of AU$5.70.

The company's shares fell 3% in recent Tuesday trade.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10