Date of Data Capture:
08/07/2021
Name:
NEW HOPE CORPORATION LTD (NHC)
Classification:
Coal Miner
Current Price:
$1.84
Market Capitalisation:
$1.54 B
Forecast EBITDA Growth:
21.72%
Yield Estimate:
7.23%
Consensus Price Target:
$2.14
# Covering Analysts:
6
Discount at Current Price:
-16.3%
Price Target Trend (3-Month):
Up-Flat +29.70%
Signal Timeframe:
Quarterly-Monthly-Daily
Trend Bias:
Up-Down / Long-Medium
Indicators:
Short-term:
Positive
Medium-term:
Positive-Neutral
Long-term:
Positive
Recommendation:
Buy
Focus:
(Dividend Income) & Capital Growth
Set up Notes:
• NHC shares has been showing signs of fresh strength, rallying on improving sector outlook with stronger forecasting, and after testing deep support over the last year should be cheap here.
• The improving performance seen from 2017-2019 gave way to the general collapse of 2020, but has steady sales and margin growth, with earnings expected to remain strong out to 2023.
• NHC moves in big trends and tends to reward the patient, and here we see pricing moving strongly off major support with good momentum and plenty of historical resistance targets above.
Support ($): 1.75, 1.50, 1.25, & 1.00.
Resistance ($): 2.00, 2.25, 2.50, 3.00, 3.50 & 4.00.
