Macquarie Wealth Management has an "underperform" on coal producer Whitehaven Coal and a price target of 30¢ a share.
"WHC provided an update for their expected FY16 performance with EBITDA guidance of $100m–$105m for H1FY16 (Macq $130m) and lifted their FY16 100 per cent ROM guidance to 19.5–20.1Mtpa from 18.8–19.4Mtpa (Macq 19.4Mt).
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
