A marked adjustment in the financial universe finds the average one-year price target for Coronado Global Resources Inc.’s Depositary Receipt (ASX:CRN) now standing at 1.94 per share. This reduction of 8.19% from the prior assessment of 2.11, marked on January 16, 2024, signals a dynamic rearrangement in expectations.
Analysts aggregate their forecasts to formulate this target, which now ranges from a low of 1.41 to a high of 2.42 per share. This average amount reflects a noteworthy 33.18% increase from the most recent reported closing price of 1.46 per share.
Surveying the Investment Landscape
Currently, 47 funds or institutions reveal their stake in Coronado Global Resources Inc.’s Depositary Receipt. This constellation of stakeholders has remained constant over the last quarter. The average portfolio weight across all funds dedicated to CRN now stands at 0.07%, illuminating a palpable 14.94% surge. Institutions collectively possess 54,411K shares, marking a 3.02% dip over the last three months.
Actions of Other Stockholders
VGTSX – Vanguard Total International Stock Index Fund Investor Shares now owns 10,071K shares, representing a 0.60% stake in the company. In its previous filing, the firm disclosed 9,842K shares, depicting a 2.28% uptick. The institution bolstered its portfolio allocation in CRN by 11.08% in the last quarter.
AVDV – Avantis International Small Cap Value ETF holds 9,101K shares, equating to a 0.54% ownership interest. In the last filing, the firm proclaimed ownership of 6,148K shares, symbolizing a 32.45% surge. The institution augmented its portfolio allocation in CRN by 17.71% over the recent quarter.
VTMGX – Vanguard Developed Markets Index Fund Admiral Shares commands 5,867K shares, illustrating a 0.35% ownership position. Up from 5,734K shares in the prior filing, this signifies a 2.26% boost. The institution magnified its portfolio allocation in CRN by 29.28% over the last quarter.
IEFA – iShares Core MSCI EAFE ETF denotes 4,138K shares, reflecting a 0.25% ownership slice. The firm previously held 4,047K shares, marking a 2.21% upswing. There was a 9.49% swell in the firm’s portfolio allocation in CRN throughout the last quarter.
QCSTRX – Stock Account Class R1 possesses 3,313K shares, signifying a 0.20% ownership interest. In its previous filing, the firm reported 4,928K shares, illustrating a 48.75% decrease. The institution downsized its portfolio allocation in CRN by 14.14% during the last quarter.
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This enlightening narrative was first featured on Fintel.
It should be noted that the views and opinions conveyed in this piece are solely those of the author and do not necessarily align with those of Nasdaq, Inc.
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