Jefferies eyes positive 2024 for Coronado Global post 'weak end to 2023'

Coronado Global Resources

23/01/2024 18:34

** Analysts at Jefferies flag Dec-quarter production as
"weak 2023 end" for Australia's Coronado Global Resources
 CRN.AX  but says market focus is going to shift towards 2024
    ** Brokerage maintains "buy" rating at stock on positives
around 2024 production at Curragh coal mine in central
Queensland
    ** Jefferies, however, lowers PT on coal miner to A$2.20
from A$2.30
    ** 2024 cost, production and price realisation commentary
was positive - Brokerage
    ** Adds Dec. quarter numbers missed at production, sales,
pricing, costs and cash metrics
    ** Nine of 10 analysts rate the stock "buy" or higher and
one "sell"; their median PT is A$2 – LSEG data
    ** Stock fell 11.6% in 2023

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))