Broker Barrenjoey said listed miners are set to reveal the hit from rising cost pressures this earnings season, but those businesses enjoy a strong outlook as limited supply and soaring demand supports elevated commodity prices.
The investment group has a bullish $13 share price target on NSW-based coal miner Whitehaven Coal and expects a 69¢ a share final dividend (worth around $590 million), which is significantly ahead of consensus forecasts at 45¢ per share.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
