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The latest update is out from New Hope Corporation Limited ( (AU:NHC) ).
New Hope Corporation Limited has announced an update on its ongoing share buy-back program, with a daily notification indicating the repurchase of 29,440 ordinary fully paid securities on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
The most recent analyst rating on (AU:NHC) stock is a Sell with a A$4.10 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 operates in the energy sector, focusing primarily on coal mining and production. The company is listed on the Australian Securities Exchange under the code NHC and is known for its fully paid ordinary shares.
Average Trading Volume: 4,658,064
Technical Sentiment Signal: Hold
Current Market Cap: A$3.09B
Learn more about NHC stock on TipRanks’ Stock Analysis page.