NHC has reveled in the strong coal price with the stock up more than 50% year-to-date. We covered the stock in detail Here after they reported this month, with the conclusion being we expect earnings growth to track higher production, which will feed into ongoing dividend growth, which is why MM owns the stock. Some consolidation feels overdue, but we wouldn’t fight the bullish trend.
- We are bullish towards coal through 2026/7 which should see NHC continue to perform strongly – MM owns NHC in the Active Income Portfolio.
MM is cautiously bullish towards NHC around $6
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