Coronado Bull Says Mammoth Mine Rampup 'Critical' -- Market Talk

Dow Jones10-30

2309 GMT - Coal miner Coronado Global Resources faces a dichotomy between short-term operational risks and medium-term growth potential, Jefferies says. Coronado expects first production from its underground Mammoth mine in Australia in 4Q and it output to improve over the next 12 months. Analyst Daniel Roden says a successful ramp-up of Mammoth, coupled with stable performance at the broader Curragh operation, could position Coronado's stock to rise. "However, continued operational disruptions and volatile met coal prices may limit near-term upside," Jefferies says. It retains a "buy" call on Coronado's stock following its 3Q update this week. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 29, 2024 19:09 ET (23:09 GMT)

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Analyst Daniel Roden says a successful ramp-up of Mammoth, coupled with stable performance at the broader Curragh operation, could position Coronado's stock to rise. \"However, continued operational disruptions and volatile met coal prices may limit near-term upside,\" Jefferies says. It retains a \"buy\" call on Coronado's stock following its 3Q update this week. 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Coronado expects first production from its ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479625772","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479625772","pubTimestamp":1730243340,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2309 GMT - Coal miner Coronado Global Resources faces a dichotomy between short-term operational risks and medium-term growth potential, Jefferies says. 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