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An announcement from New Hope Corporation Limited ( (AU:NHC) ) is now available.
New Hope Corporation Limited reported a 7.1% increase in saleable coal production for the quarter, driven by improved logistics and favorable weather conditions. The company achieved an average realized sales price of $136.6 per tonne, with underlying EBITDA rising by 15.5% due to increased coal sales. The Bengalla Mine reduced its cash cost per sales tonne by 18.2%, and the company declared a fully franked dividend of 15.0 cents per share, totaling $126.4 million. Despite a rise in the All-Injury Frequency Rate, the Total Recordable Injury Frequency Rate improved, reflecting ongoing safety performance monitoring.
The most recent analyst rating on (AU:NHC) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on New Hope Corporation Limited stock, see the AU:NHC Stock Forecast page.
More about New Hope Corporation Limited
New Hope Corporation Limited is a company involved in the coal mining industry, primarily focused on the production and sale of coal. The company operates with a significant interest in the Bengalla Mine and holds an equity interest in Malabar Resources Limited.
YTD Price Performance: -6.16%
Average Trading Volume: 2,749,356
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.61B
Find detailed analytics on NHC stock on TipRanks’ Stock Analysis page.