Whitehaven Coal stock gets Macquarie's AUD 9.00 target

Published on 10/08/2026 at 03:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie kept a Buy rating on October 1, 2026, while the stock traded at AUD 7.51 on October 8. FY26 revenue was AUD 5.40 billion and output reached 40.3 million tonnes.

Whitehaven, AU000000WHC8, Illustration mit AI erstellt.

Whitehaven Coal stock (ISIN AU000000WHC8) was trading at AUD 7.51 on the ASX on October 8, 2026 at 11:53 a.m. AEDT, down 1.83 percent from the prior close. The latest analyst action came from Macquarie, which kept a Buy rating and set a AUD 9.00 price target on October 1, 2026.

Macquarie sees higher value

According to Markets Insider, Macquarie maintained its Buy rating at a AUD 9.00 target in a report released on October 1, 2026. The target lies 19.84 percent above the AUD 7.51 ASX price, giving the analyst view a clear numerical premium to the current quotation.

That target sits below Whitehaven's one-year high of AUD 9.90 and above its one-year low of AUD 6.33, both dated to the October 8 market context. The share price therefore stands AUD 2.39 below the yearly high and AUD 1.18 above the yearly low.

FY26 production supports the case

Kapitales reported that Whitehaven's FY26 revenue reached AUD 5.40 billion, while underlying EBITDA was AUD 1.25 billion and underlying NPAT was AUD 227 million. Statutory NPAT was AUD 385 million after AUD 158 million of adjustments, so the earnings comparison needs to distinguish underlying and statutory results.

Managed run-of-mine coal production rose to 40.3 million tonnes in FY26, with performance at the upper end of guidance. The same FY26 review put operating cash flow at AUD 1.06 billion and net debt at AUD 1.33 billion, leaving cash generation and leverage as important counterweights to the analyst optimism.

October report sets next checkpoint

Whitehaven's investor calendar lists the September quarter production report for October 23, 2026, according to the company's investor-relations page. That release will give investors a new operating checkpoint after the FY26 production result.

Whitehaven Coal stock had a market capitalization of AUD 6.2 billion and trading volume of 473,812 shares on October 8, 2026. The ASX price of AUD 7.51, the 1.83 percent daily decline and the AUD 6.33 to AUD 9.90 52-week range frame the valuation discussion around Macquarie's AUD 9.00 target.

Whitehaven stock trades below target

Whitehaven Coal stock was last at AUD 7.51 on the ASX on October 8, 2026 at 11:53 a.m. AEDT. The quotation remains below Macquarie's AUD 9.00 target, while the next company operating date is October 23, 2026.