Quick Summary:
- Core Natural Resources (CNR, Financial) to halt Itmann mine due to market challenges, leading to 200 layoffs.
- Analysts project a significant price increase, with an average target of $139.00.
- CNR earns an "Outperform" rating, forecasting potential upside according to GuruFocus metrics.
Core Natural Resources (CNR) has announced a significant operational change concerning its Itmann mine located in West Virginia. By August, the company plans to halt operations at this site. This decision is primarily driven by challenging market conditions and unfavorable industry economics. As a result, CNR will also be laying off 200 employees. The mine's production has been severely impacted by ongoing supply chain and geological challenges, contributing to this tough decision.
Wall Street Analysts Forecast
According to projections from three industry experts, the average price target for Core Natural Resources Inc (CNR, Financial) over the next year is $139.00. Their estimates range from a high of $142.00 to a low of $135.00. This average target denotes a promising upside potential of 110.19% from its current trading price of $66.13. For more detailed information, you can visit the Core Natural Resources Inc (CNR) Forecast page.
The consensus from three brokerage firms currently positions Core Natural Resources Inc (CNR, Financial) with an average recommendation rating of 2.0, reflecting an "Outperform" status. This rating scale spans from 1, indicating a Strong Buy, to 5, which signifies Sell, suggesting confidence in the stock's performance.
Moreover, GuruFocus estimates place the anticipated GF Value for Core Natural Resources Inc (CNR, Financial) at $80.05 in the upcoming year, hinting at a potential upside of 21.05% from its current price of $66.13. The GF Value is derived from historical trading multiples, previous business growth, and future performance expectations. For a deeper dive, visit the Core Natural Resources Inc (CNR) Summary page.
