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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
(Sydney:CRN)
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Rating:44Neutral
Price Target:
AU$0.15
▼(-23.16% Downside)
Action:Reiterated
Date:10/28/26
The score is weighed down primarily by weak financial performance (losses, cash burn, and significantly higher leverage). Technicals also remain bearish with the stock below key moving averages and negative MACD. The earnings call adds some support due to clear Q2 operational improvement and added liquidity, but near-term cash-generation, cost pressures, and debt/financing risks remain substantial, keeping the overall score low.
Positive Factors
Buchanan asset quality
Buchanan provides a sizeable, established metallurgical coal platform with reliable longwall operations and low-volatility product. Its expanded 4.5 Mtpa base can support recurring production and cash generation, strengthening the portfolio’s resilience through the coal cycle.
Negative Factors
Persistent cash burn
Negative operating and free cash flow means the business is not currently self-funding its operations and investment needs. Continued cash burn reduces financial flexibility, increases reliance on external funding and makes recovery more dependent on improved pricing, costs and execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Buchanan asset quality
Buchanan provides a sizeable, established metallurgical coal platform with reliable longwall operations and low-volatility product. Its expanded 4.5 Mtpa base can support recurring production and cash generation, strengthening the portfolio’s resilience through the coal cycle.
Read all positive factors
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh (CRN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$251.47M
Dividend Yield2.97%
Average Volume (3M)3.19M
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-7.35%
EPS Growth-115.78%
CountryAU
Employees1,951
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.41
Shares Outstanding1,676,453,700
10 Day Avg. Volume3,758,377
30 Day Avg. Volume3,193,407
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.55
Price to Sales (P/S)0.18
P/FCF Ratio-1.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.18Price Target Upside-3.95% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)-0.2
Revenue Forecast (FY)AU$2.21B
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Business Overview & Revenue Model
Company Description
Coronado Global Resources Inc., through its various entities, is engaged in the production, marketing, and international shipment of metallurgical coal. The company holds a diverse portfolio of operational mines and prospective development project...
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| Next Earnings Date:Feb 24, 2027
Earnings Call Sentiment Neutral
The call presented a mix of constructive operational momentum and strategic actions alongside significant near-term headwinds. Q2 showed clear operational recovery — saleable production up ~39% quarter-on-quarter, a USD 96 million uplift in adjusted EBITDA q/q, record CHPP hours, and improved free cash flow versus the prior corresponding period. Management has secured short-term liquidity (USD 98 million cash plus up to USD 75 million Glencore prepayments) and completed the Buchanan growth program, reducing capex needs. However, the company remains cash negative for H1, unit costs are elevated (H1 unit costs ~13% above prior year), inflation, diesel and FX added ~USD 74 million of cost pressure, Curragh requires a material reset, and a fatality at Mammoth has delayed underground ramp-up (expected production nearer 1.8 Mt vs 2.0 Mt target). Given the tangible Q2 improvements and strong medium- to long-term positioning, but acknowledging the meaningful near-term operational, cost and financing challenges, the overall tone is balanced — progress is evident but significant work remains to restore consistent cash generation and fully realize the reset benefits.Positive Updates
Quarterly operational improvement
Saleable production increased approximately 39% from Q1 to Q2, and adjusted EBITDA improved by around USD 96 million quarter-on-quarter, returning to positive territory, indicating meaningful operational recovery in Q2.
Negative Updates
Still not cash generative
Despite improvement, the group remained cash negative for the half with a free cash flow outflow of USD 89 million and management stated the business is not yet cash generative.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly operational improvement
Saleable production increased approximately 39% from Q1 to Q2, and adjusted EBITDA improved by around USD 96 million quarter-on-quarter, returning to positive territory, indicating meaningful operational recovery in Q2.
Read all positive updates
Company Guidance
The company reiterated product tonne guidance of 16–17 million (met and thermal) but said it will likely “mine close to” the volume needed to produce 16 Mt this year rather than force loss-making thermal into saleable tonnes, meaning some tonnage may sit on ROM or crush stockpiles as plants (not mining) are the current constraint; Q2 mining cash cost was about USD 98/t (about USD 91/t at prior-year FX, ~7% below PY), saleable production rose ~39% Q1→Q2 and adjusted EBITDA improved by ~USD 96m QoQ (H1 adjusted EBITDA was ~USD 9m weaker YoY), while free cash flow improved by ~USD 70m to an outflow of USD 89m (from -USD 159m) aided by stronger realized pricing (+~USD 41m), removal of the Stanwell rebate (+~USD 53m) and lower capex (+~USD 89m) but offset by ~USD 74m of inflation/fuel/FX and ~USD 39m timing items; inventory was 780,000 t export saleable at 30 June, cash at half was USD 98m and pro forma liquidity rises to USD 133m with up to USD 75m of Glencore prepayments (12‑month facility at 14% interest, repayable via coal deliveries while liquidity <USD 250m and with scheduled repayments once liquidity >USD 300m), Coronado carries ~USD 700m of debt (≈USD 300m with Stanwell), senior secured notes mature Oct 2029 and the Stanwell‑supported ABL matures 2030 (covenants from Dec 2027), and management targets through‑cycle EBITDA of roughly USD 425m pa while expecting Buchanan to run at ~4.5 Mtpa and Mammoth to ramp toward ~1.8–2.0 Mt (target 2.0 Mt).Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
28
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.01B | 2.02B | 2.44B | 2.83B | 5.25B | 2.96B |
| Gross Profit | -95.19M | -29.13M | 729.88M | 1.10B | 2.21B | 1.04B |
| EBITDA | -134.01M | -129.47M | 103.88M | 344.43M | 1.70B | 608.20M |
| Net Income | -676.40M | -447.12M | -108.88M | 156.06M | 1.13B | 260.71M |
Balance Sheet | ||||||
| Total Assets | 2.33B | 2.99B | 2.52B | 2.68B | 3.75B | 3.39B |
| Cash, Cash Equivalents and Short-Term Investments | 97.64M | 173.15M | 339.63M | 361.20M | 491.54M | 602.72M |
| Total Debt | 840.35M | 825.14M | 530.92M | 322.74M | 395.09M | 473.23M |
| Total Liabilities | 2.10B | 2.34B | 1.44B | 1.43B | 2.13B | 1.90B |
| Stockholders Equity | 227.86M | 650.18M | 1.07B | 1.25B | 1.62B | 1.48B |
Cash Flow | ||||||
| Free Cash Flow | -346.01M | -336.11M | -174.10M | 31.08M | 1.07B | 484.94M |
| Operating Cash Flow | -191.24M | -82.79M | 74.04M | 268.28M | 1.36B | 608.34M |
| Investing Cash Flow | -189.40M | -309.15M | -226.34M | -238.17M | -208.34M | -134.33M |
| Financing Cash Flow | 213.26M | 215.23M | 162.76M | -24.68M | -784.25M | 80.84M |
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Technical Analysis
Negative
0.19
Price Trends
0.19
Negative
0.19
Negative
0.25
Negative
Market Momentum
-0.01
Positive
37.09
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CRN, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.09 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CRN.
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | AU$2.36B | -40.50 | -2.42% | 4.46% | -6.27% | -1593.02% | |
68 Neutral | AU$8.08B | 27.93 | 3.26% | 3.14% | -1.15% | -69.35% | |
64 Neutral | AU$6.41B | 16.74 | 6.64% | 1.27% | -7.39% | -39.72% | |
62 Neutral | AU$5.06B | 31.43 | 6.17% | 7.51% | 0.19% | -63.33% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$251.47M | -0.27 | -135.56% | 2.97% | -7.35% | -115.78% | |
44 Neutral | AU$65.61M | -0.95 | -37.07% | 4.83% | -21.07% | -150.50% |
* Basic Materials Sector Average
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
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Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh Corporate Events
Coronado lifts Q3 earnings, trims 2026 guidance as Curragh reset gains traction
Oct 21, 2026
Coronado Global Resources reported a strong third quarter, with Curragh’s reset program driving its highest open cut ROM output since 2020 and earnings rising to $44 million, the best quarterly result since 2024. Higher metallurgical coal pr...
Coronado Global Resources Cancels Over 3.4 Million Lapsed Performance Stock Units
Oct 14, 2026
Coronado Global Resources Inc. has reported the cessation of 3,462,913 performance stock units, following the lapse of conditional rights that could no longer be satisfied as of 30 September 2026. The move reduces outstanding equity-linked incenti...
Coronado Reshapes Operating Leadership to Drive Mine-Level Accountability
Sep 8, 2026
Coronado Global Resources Inc. has overhauled its executive operating structure as part of a broader reset program aimed at improving performance and accountability across its mining operations. The Group Chief Operating Officer role has been remo...
Coronado posts strong June-quarter recovery as Buchanan expansion drives margins
Aug 10, 2026
Coronado Global Resources reported a strong operational and financial recovery in the June quarter of 2026, following earlier disruptions linked to a major shutdown at Curragh and longwall relocations at Buchanan. The company highlighted record CH...
Coronado Global Resources posts higher revenue but deeper half-year loss
Aug 10, 2026
Coronado Global Resources Inc. has released its Appendix 4D half-year report for the period ended 30 June 2026, alongside its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission. The disclosures include unaudited c...
Coronado Global Resources Sets Date for 2026 Half-Year Results Webcast
Aug 5, 2026
Coronado Global Resources Inc. will release its 2026 half-year financial results on 11 August 2026 AEST, aligning the event for U.S. investors on 10 August 2026 EDT. The briefing will be led by Managing Director and Chief Executive Officer Barrie ...
Coronado Reveals Equity Holdings of Incoming CEO Barend van der Merwe
Aug 4, 2026
Coronado Global Resources Inc. has disclosed the initial interests of newly appointed director Barend J van der Merwe, who will become Chief Executive Officer and Managing Director on 1 August 2026. The filing details his direct holding of 4,939,2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.