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  1. Homepage
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  5. New Hope Corporation Limited
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    NHC   AU000000NHC7

NEW HOPE CORPORATION LIMITED

(NHC)
  Report
Delayed Australian Stock Exchange  -  12:10 2022-12-09 am EST
5.790 AUD   +2.66%
11/23New Hope Expects Coal Prices to Benefit From Winter Restocking -- Commodity Comment
DJ
11/03New Hope Corporation Limited authorizes a Buyback Plan.
CI
11/02New Hope Starts $193 Million Share Buyback; Shares Climb 4%
MT
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Aussie shares bounce back with all eyes on Fed meeting

09/20/2022 | 03:00am EST

* New Hope Corp top gainer on the benchmark index

* Miners record best day in nearly two weeks

* Benchmark index marks best day in nearly two weeks

September 20 (Reuters) - Australian shares on Tuesday recorded their best day in nearly two weeks with broad-based gains following a late rally on Wall Street, while focus remained squarely on the upcoming U.S. Federal Reserve meeting.

The S&P/ASX 200 index ended 1.3% to 6,806.40 points. The benchmark fell 0.3% on Monday.

Markets have priced in a 75-basis-point increase at the end of the two-day meeting on Wednesday but are worried whether aggressive tightening by the Fed to tame stubbornly high inflation will tip the economy into a recession.

Boosting sentiment back home was the minutes of the Reserve Bank of Australia's (RBA) September meeting, which revealed that the central bank saw a case for slowing the pace of hikes as policy settings approached more normal levels.

"The market is probably factoring that future rate hikes will be smaller in size as the effect of the four back-to-back hikes of 50 bps will be felt with a lag," said Kunal Sawhney, CEO, Kalkine Media.

The energy index rose 2%, with gains led by New Hope Corp after the coal miner's shares hit a record high following a massive jump in its annual profit on soaring thermal coal prices. The mining index rose 2.8% even as China's strict zero-COVID policy and ailing property sector raised demand concerns. Rio Tinto, BHP Group advanced 2.5% and 3.6%, respectively, while Fortescue fell 0.9%.

"Despite a decline in iron ore prices, shares of iron ore miners rallied as easing lockdowns in the city of Chengdu and the government's efforts to stimulate the property sector in China continues to bode well for iron ore demand," he added.

The gold and financials indexes advanced 1.4% and 1.3%, respectively, with the Big Four banks gaining between 1.2% and 2%

New Zealand's benchmark S&P/NZX 50 index rose 0.3% to finish the session at 11,570.43 points. (Reporting by Tejaswi Marthi in Bengaluru)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.39% 0.6799 Delayed Quote.-7.37%
BHP GROUP LIMITED 2.70% 47.48 Delayed Quote.40.88%
BRITISH POUND / US DOLLAR (GBP/USD) 0.36% 1.22773 Delayed Quote.-9.76%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.18% 0.73394 Delayed Quote.-7.41%
EURO / US DOLLAR (EUR/USD) -0.01% 1.0548 Delayed Quote.-7.55%
FORTESCUE METALS GROUP LIMITED 2.84% 21.39 Delayed Quote.8.28%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.21% 0.012127 Delayed Quote.-9.45%
NEW HOPE CORPORATION LIMITED 2.66% 5.79 Delayed Quote.152.91%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.68% 0.64181 Delayed Quote.-7.09%
RIO TINTO PLC 0.95% 5835 Delayed Quote.18.15%
S&P GSCI GOLD INDEX 0.51% 1054.15 Real-time Quote.-1.70%
S&P/ASX 200 0.53% 7213.2 Real-time Quote.-3.61%
All news about NEW HOPE CORPORATION LIMITED
11/23New Hope Expects Coal Prices to Benefit From Winter Restocking -- Commodity Comment
DJ
11/03New Hope Corporation Limited authorizes a Buyback Plan.
CI
11/02New Hope Starts $193 Million Share Buyback; Shares Climb 4%
MT
11/02New Hope Corporation Limited announces an Equity Buyback for AUD 300 million worth of i..
CI
10/24NEW HOPE CORPORATION LIMITED : Ex-dividend day for extraord..
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10/24NEW HOPE CORPORATION LIMITED : Ex-dividend day for final di..
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10/20New Hope : Annual Report 2022
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10/18New Hope Denies Media Reports of Joining a Consortium to Acquire Aurizon's East Coast R..
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10/18New Hope Reportedly in Race for Aurizon East Coast Rail
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10/18Australian miner New Hope not in the race for Aurizon unit
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More news
Financials
Sales 2023 3 951 M 2 688 M 2 688 M
Net income 2023 1 770 M 1 204 M 1 204 M
Net cash 2023 1 271 M 865 M 865 M
P/E ratio 2023 2,72x
Yield 2023 24,1%
Capitalization 5 063 M 3 422 M 3 445 M
EV / Sales 2023 0,96x
EV / Sales 2024 1,01x
Nbr of Employees 1 024
Free-Float 61,4%
Chart NEW HOPE CORPORATION LIMITED
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New Hope Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends NEW HOPE CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 5,79 AUD
Average target price 7,33 AUD
Spread / Average Target 26,6%
EPS Revisions
Managers and Directors
Robert J. Bishop Chief Executive Officer
Rebecca Rinaldi Chief Financial Officer & Controller
Robert Dobson Millner Non-Executive Chairman
Ian M. Williams Independent Non-Executive Director
Jacqueline Elizabeth McGill Independent Non-Executive Director