Date of Data Capture: 02/09/2021
Name: CORONADO GLOBAL RESOURCES INC. (CRN)
Classification: Metallurgical Coal Miner
Current Price: $1.10
Market Capitalisation: $1.84 B
Forecast EBITDA Growth: 37.50%
Yield Estimate: 2.89%
Consensus Price Target: $1.25
# Covering Analysts: 7
Discount at Current Price: -13.64%
Price Target Trend (3-Month): Up-Flat +25%
Signal Timeframe: Quarterly-Monthly-Daily
Trend Bias: Flat-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• This Australian/US-based coking coal specialist has been busy digging itself out of a hole, finding fresh strength in stronger commodity pricing, with much stronger forecasting ahead.
• Despite seeing earnings growth in 2019, the last year saw sales, margins and earnings collapse, but analysts expect a broad and robust recovery to begin this year and carry through to 2023.
• We are looking for this current emergent rally to continue higher after breaking major linear resistance in June, the $1 ceiling last month, and looks good here, with positive momentum.
Support ($): 1.10, 1.00, 0.90, 0.80, & 0.60.
Resistance ($): 1.20, 1.50, 1.80, 2.00, 2.50 & 3.00.