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Are Whitehaven Coal (ASX: WHC) and/or New Hope (ASX: NHC) still buyable?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Are Whitehaven Coal (ASX: WHC) and/or New Hope (ASX: NHC) still buyable?

Hi James and team, Thank you for your hard work in keeping us informed in this crazy market! I sold out of WHC and NHC when the stocks became very volatile with the Iran conflict and would appreciate your views on their risks/rewards and PTs at this point. Many thanks again, Kind regards, Adel

Answer

Hi Adel,

The markets certainly are testing but it’s better than being bored!

We continue to like both coal plays, Whitehaven Coal (WHC) and/or New Hope (NHC), however after more than doubling from their 2025 lows the risk/reward has diminished:

  • Whitehaven Coal (WHC) – we continue to target a test of the $10-11 region, around 10% above current levels.
  • New Hope (NHC) – we continue to target a test of the $7 region, around 15% above current levels, plus its forecast to pay a 6c fully franked dividend in September.

We will reconsider our positions if these moves do eventuate this year but have no plans to take profit at this stage.

  • MM remains comfortable holders of Whitehaven for growth and New Hope for yield.
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Whitehaven Coal (WHC)
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