Coronado Support Deal, Output Positive, But Headwinds Remain -- Market Talk

Dow Jones
Oct 31

2311 GMT [Dow Jones]--Coronado Global Resources's recent fiscal-support deal with Stanwell "was an important event" that will prop up the coal miner's balance sheet while prices remain low, Macquarie analysts say in a note. They also highlight Coronado's "solid" 3Q production, which was a beat at all three mines, they say. Macquarie raises its target on the stock by 8.3% to A$0.26/share, citing mid-term earnings growth. Still, it retains an underperform rating, with the analysts highlighting weaker-than-anticipated sales and elevated net debt. They also reckon the company could struggle to pay a dividend while it is under financial pressure. Coronado is flat early in Sydney at A$0.35. (rhiannon.hoyle@wsj.com)

 

(END) Dow Jones Newswires

October 30, 2025 19:15 ET (23:15 GMT)

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