Analyst Price Target is $2.45
▼ -12.97% Downside Potential
This price target is based on 4 analysts offering 12 month price targets for New Hope in the last 3 months. The average price target is $2.45, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a -12.97% upside from the last price of $2.82.
Current Consensus is
Hold
The current consensus among 4 contributing investment analysts is to hold stock in New Hope. This rating has held steady since August 2021, when it changed from a Buy consensus rating.
New Hope Corporation Limited explores, develops, produces, and processes coal, and oil and gas properties. It operates through three segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The company holds interests in two open-cut coal mines that produce thermal coal, which include the New Acland project located in north Oakey, Queensland; and the Bengalla mine situated in the Hunter Valley region of New South Wales. It also holds 849 square kilometers of net oil-producing acreage in nine production projects located in the Cooper-Eromanga Basin. In addition, the company engages in the farming, grazing, and land management activities; operation of bulk handling facility; port operation; and logistics and marketing business. It has operations in Japan, China, Taiwan, Chile, Korea, Vietnam, India, Australia, and internationally. The company was incorporated in 1986 and is headquartered in Brisbane, Australia.
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