BUZZ-Jefferies flags soft FY26 forecast for Australia's New Hope amid weather issues

Reuters
Nov 18
BUZZ-Jefferies flags soft FY26 forecast for Australia's <a href="https://laohu8.com/S/NHPEF">New Hope</a> amid weather issues

** Analysts at Jefferies say thermal coal producer New Hope's NHC.AX first-quarter ROM production missed brokerage's estimates by 14%

** Jefferies attributes it to ongoing wet-weather remediation

** Adds, co's FY26 forecast is a "soft one" as it is 11% below Jefferies' estimates and trails Visible Alpha's estimates by 4%

** Jefferies maintains "hold" rating and keeps its price target of A$4.28 unchanged

** One of five analysts rate the stock "buy" or higher, two "hold" and two "sell" or lower; their median PT is A$4.10 – data compiled by LSEG

** Stock down 15.8% this year

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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