BUZZ-New Hope set for steepest weekly fall after Jefferies warns of weaker FY26 outlook
Reuters
Nov 21
BUZZ-<a href="https://laohu8.com/S/NHPEF">New Hope</a> set for steepest weekly fall after Jefferies warns of weaker FY26 outlook
** Shares of Australia's New Hope CorpNHC.AX fall 10.4% to A$3.835 so far this week, on track for its biggest weekly slide since late February 2024
** Stock falls 4.6% on the day
** New Hope's first-quarter ROM coal production of 3.9 million tonnes missed Jefferies' estimates by 14%
** Jefferies attributes it to ongoing wet-weather remediation
** Brokerage adds that FY26 guidance is a "soft one" as it is 11% below Jefferies' estimates and falls short of Visible Alpha's estimates by 4%
** NHC down 22.7% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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