WHC ASX: Whitehaven’s coking coal buy to send earnings up 93pc, Citi says

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 90%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The investment bank’s brokers increased their price target on the miner’s shares despite the $5b deal being opposed by the company’s largest shareholder.

Whitehaven Coal’s purchase of two coking coal mines from BHP and its partner, Japan’s Mitsubishi, for $US3.2 billion will push earnings per share up 93 per cent by 2025, according to brokers at Citi.

Whitehaven shares last traded on Friday at $7.72 each, and are down more than 10 per cent since the start of the year. Whitehaven will pay the $5 billion purchase price for the Blackwater and Daunia mines over the next three years. Citi described the size of the mine as “an entirely different scale of logistical challenges” to Whitehaven’s management.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in BR

Brasil Últimas Notícias, Brasil Manchetes