Australia's Whitehaven Coal falls; brokerages cut rating, EPS outlook

Whitehaven Coal

28/07/2025 03:58

Updates

** Whitehaven Coal WHC.AX falls as much as 4.9% to A$6.610, lowest since July 22

** Stock logs biggest intraday pct loss since April 16

** Citi downgrades to "neutral" from "buy"; hikes PT by 10 Au cents to A$7.10

** Bell Potter downgrades to "hold" from "buy"; cuts PT to A$6.90 from A$7.10

** Cuts EPS estimates for FY25, FY26 and FY27 by 15%, 1% and 2% respectively

** Citi lowers FY25 earnings outlook by 30% on lower-than-expected realised coal prices

** Notes higher-than-expected Q4 net debt of A$0.6 bln ($394 mln) despite lower H2 capex

** Stock rated "buy" on avg; median PT is A$7.10, per LSEG-compiled data

** WHC trims YTD gains to 7.7%

($1 = A$1.5223)

 (Reporting by Nichiket Sunil and Sneha Kumar in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))