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Macquarie Remains a Hold on New Hope Corporation Limited (NHPEF)


Macquarie Remains a Hold on New Hope Corporation Limited (NHPEF)

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New Hope Corporation Limited has an analyst consensus of Moderate Sell, with a price target consensus of $3.02, representing a -2.58% downside. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a A$4.80 price target.

NHPEF market cap is currently $2.43B and has a P/E ratio of 5.62.

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New Hope Corporation Limited (NHPEF) Company Description:

New Hope Corporation is an Australian pure-play thermal coal miner. Its two operating assets-the 100% owned New Acland coal mine and its 80% interest in the Bengalla coal mine-produce a cumulative 12 million tonnes of salable thermal coal annually. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multi-decade mine lives. New Hope's undeveloped coal resources are extensive and include exploration status coal resources in excess of 1 billion tonnes in Queensland's Surat basin.

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