Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh ( (AU:CRN) ).
Coronado Global Resources Inc. reported a strong third quarter with significant increases in production and sales metrics, driven by the expansion of its Mammoth and Buchanan projects. Despite challenging market conditions with low metallurgical coal prices, the company has managed to reduce costs and improve liquidity through strategic initiatives. The recent transaction with Stanwell is expected to enhance liquidity further, providing long-term supply security. Coronado remains optimistic about continued operational improvements and is focused on preserving cash and securing liquidity to navigate the current market downturn.
The most recent analyst rating on (AU:CRN) stock is a Hold with a A$0.50 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 prominent player in the coal industry, focusing primarily on the production and sale of metallurgical coal. The company operates strategically located mines in Australia and the USA, supplying high-quality coal to high-growth markets. Coronado is committed to maintaining efficient operations and strong customer relationships, ensuring long-term value creation despite challenging market conditions.
Average Trading Volume: 12,781,143
Technical Sentiment Signal: Hold
Current Market Cap: A$544.8M
For a thorough assessment of CRN stock, go to TipRanks’ Stock Analysis page.