Tell me the crn stock target after 3 month

General
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Tell me the crn stock target after 3 month

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Analysis on CRN (Coronado Global Resources)

  • Stock is down ~73% in the last year. Hit a new 52-week low at $0.20.
  • Analysts still have some faith. Average 12-month price target sits around $0.55. So technically, there’s upside. But that’s assuming things improve.

Core issues:

  • FY24 was rough. Revenue dropped 13%, and they posted a net loss of $70 million.
  • Weather hit operations hard. Heavy rain in Aug 2024 shut down mining fleets at Curragh. Production forecast was cut by 1M tonnes.
  • Queensland hiked coal royalties, and Coronado’s not happy. They’ve said the new regime makes it harder to stay resilient during downturns.

Still, they paid a small dividend (AU$0.003/share).
So they’re trying to keep investors somewhat interested, but it’s not a sign of strong cash flow.

Macro economics:

  • Global coal prices are always a wildcard. Demand from Asia (especially India and China) matters.
  • The company’s super exposed to coal, which makes it vulnerable to ESG pressure, regulatory changes, and commodity cycles.
  • If energy demand shifts or governments tighten climate policies, they’ll feel it first.

To watch:

  • Production updates – especially how they recover from weather issues.
  • Any changes in coal pricing globally.
  • Political/regulatory developments in Queensland or broader Australia.
  • If they announce cost cuts or new strategies to offset losses.

Bottom line:

CRN is a high-risk, possibly high-reward trade. If coal prices bounce and operations normalize, there’s room to recover. But if the downtrend continues or regulatory pressure increases, it could sink further. Not a safe long hold unless you’re betting on a coal rebound.