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)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。