- Core Natural Resources, Inc. (CNR, Financial) completes major refinancing of tax-exempt bonds.
- Analysts predict a substantial upside potential, setting an average price target at $139.00.
- Core is rated "Outperform" by brokerage firms, with a promising estimated GF Value.
Core Natural Resources, Inc. (CNR) has successfully completed the refinancing of tax-exempt bonds originally issued by CONSOL Energy and Arch Resources. These companies merged in January to form Core, marking a pivotal step in their integration. The refinancing effort, prominently led by Jefferies LLC and KeyBanc Capital, attracted significant attention, being heavily oversubscribed by 39 institutional investors.
Analysts’ Optimistic Outlook
Looking at the one-year price targets proposed by three analysts, Core Natural Resources Inc (CNR, Financial) is expected to reach an average target price of $139.00. The projections range from a high of $142.00 to a low of $135.00, implying a potential upside of 100.98% from its current trading price of $69.16. For further details on these projections, visit the Core Natural Resources Inc (CNR) Forecast page.
Brokerage Recommendations
The consensus from three brokerage firms places Core Natural Resources Inc (CNR, Financial) at an average recommendation of 2.0, which falls under "Outperform" on their rating scale. The scale ranges from 1, indicating a Strong Buy, to 5, indicating Sell, reflecting a strong sentiment towards the stock's performance.
Evaluating the GF Value
According to GuruFocus' estimates, Core Natural Resources Inc (CNR, Financial) is projected to have a GF Value of $134.74 in one year. This suggests a promising upside of 94.82% from its current trading price of $69.16. The GF Value represents GuruFocus' assessment of the fair market value based on the stock's historical trading multiples, prior growth, and future performance expectations. For a comprehensive analysis, explore the Core Natural Resources Inc (CNR) Summary page.
