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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ) has shared an announcement.
Coronado Global Resources Inc. has secured an agreement with Stanwell Corporation Ltd to receive up to US$150 million in liquidity in exchange for supplying up to 800,000 tons per annum of thermal coal over a five-year period starting in 2027. This deal, along with a recent refinancing, boosts Coronado’s liquidity by up to US$300 million, positioning the company to better withstand the current low-price environment in the coal industry. The agreement is expected to improve Coronado’s margins and cash flow significantly, enhancing its ability to manage costs and capital expenditures effectively.
The most recent analyst rating on (AU:CRN) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh stock, see the AU:CRN Stock Forecast page.
More about Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
Coronado Global Resources Inc. is a company operating in the coal industry, primarily focusing on the production and supply of metallurgical coal. The company is known for its long-life, high-quality coal assets and is engaged in expansion projects to enhance its production capabilities.
Average Trading Volume: 14,677,075
Technical Sentiment Signal: Sell
Current Market Cap: A$310.1M
Find detailed analytics on CRN stock on TipRanks’ Stock Analysis page.