Jefferies trims PT on Australia's Whitehaven Coal, sees costs rising after Q4

Whitehaven Coal

28/07/2026 19:45

** Analysts at Jefferies cut price target on Australia's Whitehaven Coal WHC.AX to A$8.50 from A$9.00, while retaining a "buy" rating
** Whitehaven said on Tuesday its annual output and sales landed near top of its guidance range as its Queensland mines recovered, while full-year costs were set to come in near low end of forecast
** Brokerage says some of the factors that drove strong fourth-quarter cost performance for the miner are unlikely to be repeated in FY27
** Adds quarter benefited from temporary tailwinds including inventory absorption, a stronger Australian dollar and lower U.S. dollar-linked costs 
** Brokerage forecasts FY27 unit costs of about A$142 per tonne as Blackwater undertakes stripping catch-up work, Narrabri's delayed longwall move shifts into second half and Daunia progresses through southern-domain transition
** Eight of 14 analysts rate the stock "buy" or higher, five "hold" and one "sell" or lower; their median PT is A$8.45, according to data compiled by LSEG
** Stock has fallen 8% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))