It has been a clear earnings season winner as investors reacted positively to its FY25 full-year result.

This marked a turnaround for the ASX materials stock. Even with yesterday's big gain, its share price is down more than 44% over the last year. 

What did the company report?

Coronado Resources is a leading international producer of high-quality metallurgical coal, an essential element in the production of steel.

The company operates in two of the largest and most productive metallurgical coal basins in the world, the Bowen Basin in Queensland, Australia and the central Appalachian region of the US. 

Yesterday, it released full financial year results for 2025. 

This included: 

• Revenue of US$1.95 billion, down from US$2.51 billion in 2024
• Adjusted EBITDA loss of US$144.2 million. After a positive US$115.1 million in FY24
• Total sales volume of 15.6 million tonnes, compared with 15.8 million tonnes in 2024.

As The Motley Fool's Aaron Teboneras reported yesterday, it was a somewhat surprising the positive reaction after a tough year for the coal miner. 

What is Bell Potter's view?

Following yesterday's result, the team at Bell Potter released updated guidance on this ASX materials stock. 

Commenting on yesterday's result, the broker said the reported underlying EBITDA loss was slightly better than Bell Potter's estimate. 

However, the statutory net loss after tax was US$432 million, worse than expected due to higher finance costs. As expected, no dividend was declared.

The broker also noted that although Coronado Resources is focused on reducing debt. It has flagged a potential ~2Mtpa Mammoth Phase 2 underground project, with an estimated capital cost of around US$150 million.

This project depends on market conditions and Board approval. 

CRN's capital allocation framework outlines growth investment only when its available cash liquidity is above US$400m. Under our operating and coal price outlook, CRN will not materially deleverage over the forecast period.

Price target decreases

Based on this guidance, earnings per share forecasts have been reduced by 6% for CY26, 21% for CY27, and CY28 is now expected to record a small loss (previously a profit was forecast).

Bell Potter has maintained its speculative hold recommendation on this ASX materials stock. 

It lowered its price target to $0.38 (previously $0.43). 

From yesterday's closing price of $0.32, this revised target indicates a potential upside of approximately 20% for this ASX materials stock.

We maintain our Speculative Hold recommendation, recognising balance sheet risks. In the near-term, operational performance should lift with the ramp-up of Mammoth underground and the Buchanan expansion projects, supporting production volumes and lower unit costs.

The post Is this ASX materials stock a buy after soaring 10% yesterday? appeared first on The Motley Fool Australia.

In early afternoon trade, the Coronado share price is up 2.63% to 29.3 cents. Despite today's gain, the stock has dropped more than 40% over the past month.

Here's what the company reported for the year.

Revenue slides as coal prices retreat

For the year ended 31 December 2025, Coronado reported revenue of US$1.95 billion, down from US$2.51 billion in 2024.

The company posted a statutory net loss of US$432.1 million, compared with a US$108.9 million loss a year earlier. Adjusted EBITDA swung to a loss of US$144.2 million from a positive US$115.1 million in FY24.

The weaker result largely reflected softer metallurgical coal pricing. The average realised metallurgical coal price fell to US$149.3 per tonne in 2025, down from US$185.3 per tonne in the prior year.

Total sales volumes were broadly steady at 15.6 million tonnes, compared with 15.8 million tonnes in 2024. Saleable production increased slightly to 16 million tonnes.

Costs improve but debt position expands

Despite the pricing pressure, the company delivered lower operating costs. Mining cost per tonne sold declined to US$97.5 from US$107.4 in FY24. Operating cost per tonne sold fell to US$132.1 from US$149.2.

However, balance sheet pressure increased. Net debt rose to US$524.1 million at 31 December 2025, compared with US$85.1 million a year earlier.

Management highlighted improved liquidity during the year, including amendments to its Stanwell arrangements and access to additional funding facilities. The company said it has no near-term debt maturities.

FY26 guidance signals production growth

Looking ahead, Coronado expects saleable production of 16 to 17 million tonnes in FY26, supported by a full year of production from the Mammoth Underground mine and the Buchanan expansion.

Average mining cash costs are guided to US$88 to US$96 per tonne, while capital expenditure is forecast to fall to between US$150 million and US$175 million, down from US$245 million in FY25.

Management said the expansion projects are expected to deliver a stronger mine operating cash contribution in 2026, assuming stable market conditions.

Foolish Takeaway

Coronado's FY25 result reflected a challenging year for metallurgical coal pricing, leading to lower revenue and a larger statutory loss.

While costs improved and production growth is expected in 2026, the sharp rise in net debt and coal price volatility remain key risks.

With shares down sharply over the past month, attention will focus on whether higher volumes and lower capex improve FY26 cash flow.

The post Why is this ASX coal share price climbing after a tough FY25 result appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 6% to 28.7 cents. Investors have been selling this coal miner's shares following the surprise exit of its CEO. According to the release, Douglas Thompson intends to resign from his role to pursue new opportunities. Subject to board approval, the company's executive chair and former CEO, Gerry Spindler, will assume the role of interim CEO, and Greg Pritchard will transition to interim chair. In addition, it was revealed that Jeff Bitzer, Coronado's chief development officer and formerly chief operating officer, has decided to step back from full-time responsibilities, effective as of 28 February.

G8 Education Ltd (ASX: GEM)

The G8 Education share price is down 15% to 39.2 cents. This follows the release of the childcare centre operator's full-year results. G8 Education reported a 7% decline in revenue to $946.9 million and an 18.4% decline in underlying net profit after tax to $59 million. On a reported basis, G8 Education recorded a net loss of $303.3 million. This was driven by a $349.1 million goodwill impairment expense. The company also provided a trading update which revealed that its spot occupancy rate was 54.4% on 15 February. This is down 7.5 percentage points from the prior corresponding period.

Megaport Ltd (ASX: MP1)

The Megaport share price is down a further 15% to $8.17. This network-as-a-service provider's shares have crashed since the release of its half-year results last week. This is despite them revealing record revenue and earnings. Megaport reported a 26% increase in revenue to $134.9 million and EBITDA growth of 28% to $35.3 million. Its CEO, Michael Reid, said: "Our global business continues to scale, with the United States delivering exceptional momentum, pushing the Americas to 24% YoY ARR growth. This performance was driven by rising NRR and consistent new logo acquisition."

Perenti Ltd (ASX: PRN)

The Perenti share price is down 14% to $2.43. This morning, the diversified mining services company released its half-year results and revealed flat revenue and a 2% decline in EBITDA for the period. Looking ahead, management is forecasting revenue of $3.45 billion to $3.55 billion for FY 2026. This is broadly in line with the $3.49 billion it achieved in FY 2025. It seems that the market was expecting a stronger performance.

The post Why Coronado, G8 Education, Megaport, and Perenti shares are dropping today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Audinate Group Ltd (ASX: AD8)

The Audinate share price is down 8% to $3.37. This follows the release of the audio-visual networking solutions provider's half-year results. Audinate posted a 12% increase in revenue to US$21.1 million and a 12% lift in gross profit to US$17.4 million. Looking ahead, management is guiding to US-dollar gross profit growth of 13% to 15% over FY 2025. This is expected to be underpinned by strong forward orders secured in the first half. It seems the market was expecting stronger growth than this.

Australian Clinical Labs Ltd (ASX: ACL)

The Australian Clinical Labs share price is down 11% to $2.16. This pathology services provider's shares are under pressure today after it announced the exit of its CEO, Melinda McGrath. The company revealed that McGrath will not be renewing her contract following its conclusion on 30 August 2026. She said: "I would like to take this opportunity to thank our pathologists and scientists for their leadership, and the broader Clinical Labs team for their passionate commitment to the service of our patients and referring medical practitioners. In particular, I would like to recognise the Clinical Labs executive and broader leadership teams, whose drive and innovative approach to the development of the business has been outstanding."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 4.5% to 32.5 cents. This morning, this coal miner released a business update which revealed that sustained weakness in the U.S. High-Vol markets has caused realised pricing at its US-based Logan operation to remain below cash operating costs. As a result, the complex is now operating at a loss. In response, management said: "The Company is taking steps to preserve liquidity and protect shareholder value. Production is being immediately curtailed to cover contractual commitments carried over from 2025, which are expected to be fulfilled by March 2026."

Treasury Wine Estates Ltd (ASX: TWE)

The Treasury Wine share price is down 5% to $4.97. Investors have been selling this wine giant's shares following the release of its half-year results. As many had expected, the Penfolds owner has decided to suspend dividends while it battles through a challenging period. The company's CEO, Sam Fischer, said: "Today's results come at a time when we are already making meaningful progress with the decisive actions required to return TWE to a path of sustainable, profitable growth. Our focus is firmly on the future to strengthen execution and ensure we build a stronger, more resilient business for the long term."

The post Why Audinate, Australian Clinical Labs, Coronado, and Treasury Wine shares are sinking today appeared first on The Motley Fool Australia.

In fact, ASX small-cap shares outperformed the larger players by almost 2.5 times in 2025. 

It's important to remember that not every cheap stock is a bargain buy. 

Many will fizzle out and some will even be delisted from the ASX entirely. 

On the flip side, a select few will continue to grow and eventually become mid-cap or even large-cap stocks.

Here are two ASX small caps that have attractive valuations according to experts. 

Strike Energy Ltd (ASX: STX)

Strike Energy is an onshore Perth Basin gas exploration and development company with material discoveries across three advanced projects: 

• Walyering (100% STX)
•  South Erregulla (100% STX)
• West Erregulla (50% STX)

Walyering is currently producing gas, with sales beginning in late 2023. The West Erregulla joint venture with Hancock Prospecting may reach final investment decision in the second half of 2026, targeting production from 2028. STX also plans to develop a peaking power facility at South Erregulla to commercialise its smaller gas reserves.

According to a report from Bell Potter, there is reason for optimism surrounding this ASX small-cap. 

Last week, Strike Energy reported December 2025 quarterly production at Walyering of 1.59 PJe, above expectations, with an average gas price of $7.36/GJ. 

This generated $16.6 million in sales revenue. The South Erregulla 85 MW peaking gas power project is 72% complete and remains on track to begin operations by 1 October 2026. Planning and approvals for the Walyering West-1 well are progressing, with drilling expected to start in early Q2 2026.

Bell Potter said the company is leveraged to the Western Australia energy market where electricity and gas prices are expected to remain supportive. 

The broker currently has a speculative buy recommendation and $0.15 price target. 

That indicates an upside of 50% from current levels. 

Coronado Global Resources Inc (ASX: CRN)

Coronado Global Resources is a leading international producer of high-quality metallurgical coal, an essential element in the production of steel.

It has had a strong start to 2026, rising almost 10% YTD. 

However recent price targets indicate it can keep climbing. 

Its success has been closely linked to the rebound in metallurgical coal prices.

Last month, Bell Potter updated its price target on this ASX small-cap stock to $0.47 (previously $0.33). 

At the time of writing, Coronado Global Resources shares are hovering around $0.40. 

From current levels, Bell Potter's price target indicates an upside of approximately 17.50%. 

The post 2 ASX small-caps tipped to climb in 2026 appeared first on The Motley Fool Australia.

At the time of writing, the Coronado share price is down 8.78% to 44.7 cents, wiping out a chunk of recent gains. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.7%.

Despite today's sharp fall, Coronado shares are up almost 40% so far in 2026, supported by a strong rally in metallurgical coal prices.

So, what's going on?

A sharp pullback after a strong run

Coronado's share price has staged a solid rebound over recent months, tracking the recovery in met coal markets.

However, after such a fast move higher, the stock appears to be taking a breather. Today's decline looks more like a pullback than a breakdown, especially given the broader context.

Coking coal, also known as metallurgical coal, is down 0.61% today, according to Trading Economics, but remains up around 13% over the past month. That suggests prices may simply be pausing after a strong rally, rather than starting a sustained decline.

Met coal remains the key driver

Coronado is a pure-play metallurgical coal producer, supplying coal used in steelmaking rather than power generation.

Demand for met coal is closely tied to global steel production, infrastructure spending, and industrial activity. Over recent months, improved sentiment around steel demand and tighter supply conditions have helped lift prices.

As long as met coal prices remain elevated compared to last year's lows, Coronado's earnings outlook looks much stronger than it did in 2025.

What the charts are saying

From a technical point of view, Coronado shares were looking a bit stretched before today's fall.

The relative strength index (RSI), a momentum indicator, had moved into the high 60s and low 70s. That often signals a stock may be due for a pullback.

On the chart, support sits around the low 40-cent level, with stronger support closer to 38 to 40 cents. If selling pressure continues, those levels will be worth watching.

On the upside, resistance remains near 50 cents, which has capped recent rallies.

Coronado also has a high beta, meaning it tends to move more sharply than the broader ASX market. That helps explain why the share price has fallen so sharply today.

Foolish Takeaway

Today's sell-off is painful, especially for short-term holders.

But Coronado's strong gains in 2026 show how quickly sentiment can change when coal prices move. If met coal prices remain firm, today's drop may turn out to be a short-term setback rather than a downward trend.

The post Why is the Coronado share price tanking 9% today appeared first on The Motley Fool Australia.

Its stock price is down 44% in that span. 

However, it has had a red hot start to 2026. 

Since the start of the new year, its share price has risen from $0.36 to $0.42. 

That's good for a rise of more than 16%. 

Why is the share price up to start the year?

This ASX small-cap stock is the largest pure-play met coal producer delivering into global export markets.

The key tailwind for Coronado Global Resources is the rebound in metallurgical coal prices.

Coking coal has risen to around US$230/t, up sharply over the past month and more than 16% higher year-on-year.

The recovery reflects tighter supply, improving steel demand, higher blast furnace utilisation, and inventory restocking, alongside production and logistics constraints in key export regions.

As a pure-play metallurgical coal producer, Coronado is well positioned to benefit. Higher prices likely translate quickly into stronger earnings due to its operating leverage.

The rally to start the year is despite a single day drop of more than 11% after a fatal incident at its Curragh operations in Queensland.

The coal producer's share price fell 11.11% on the 5th of January to a one-month low of 28 cents.

What is Bell Potter's view?

Between coal price tailwinds and operational faults, it can be hard to pinpoint fair value for this ASX small-cap. 

However in a new report from Bell Potter yesterday, the broker upgraded its near-term coal price outlook. 

Hard coking coal is now expected to average US$220/t in 2026 (up from US$190), US$210/t in 2027 (from US$190), and US$195/t in 2028 (from US$180).

Thermal coal forecasts have also been raised to US$110/t in 2026 (from US$100) and US$100/t in 2027-28. Long-term price assumptions are unchanged.

While Bell Potter has slightly reduced production forecasts due to recent operating performance, the higher coal price outlook materially improves earnings. 

Losses in 2025 are marginally smaller, and profits are now expected in 2026 and 2027, representing a significant upgrade to previous forecasts.

Increased target price 

Based on this guidance, Bell Potter has maintained a speculative hold recommendation on this ASX small-cap stock, recognising balance sheet risks.

In the near-term, operational performance is set to lift with the ramp-up of Mammoth underground and the Buchanan expansion projects, supporting production volumes and lower unit costs.

Coronado Global Resources shares closed yesterday at $0.42 each. 

Bell Potter has an updated price target of $0.47 (previously $0.33). 

Based on this target, there is an estimated upside of 11.90%. 

The post Up 16% in 2026 already – is this ASX small-cap a buy? appeared first on The Motley Fool Australia.

The move offers some relief after a brutal year for investors. Despite today's bounce, Coronado shares remain nearly 50% lower than this time last year.

So, what has sparked renewed buying interest today?

Let's unpack.

Coal prices are turning higher

The main tailwind for Coronado right now is the recovery in metallurgical coal prices.

Coking coal prices have climbed back to around US$230 per tonne, up strongly over the past month. Prices are now more than 16% higher than this time last year, according to Trading Economics.

Recent strength in coking coal prices has been driven by tighter supply conditions. Steel-making demand is also improving, with blast furnaces lifting utilisation rates and buyers rebuilding inventories after last year's slowdown. Production constraints and ongoing logistics bottlenecks in key export regions have also helped support prices.

This is significant for Coronado, a pure-play metallurgical coal producer. Higher coal prices typically flow quickly into earnings expectations, especially for miners with significant operating leverage.

A beaten-down stock finds buyers

Coronado shares have been under pressure for most of the past year as coal prices softened and investors rotated away from cyclical resource stocks.

The stock hit lows near the mid-20 cent level late last year before starting to stabilise.

From a technical point of view, today's move is interesting. The RSI is sitting around 63, suggesting momentum has improved, but the stock is not yet in overbought territory.

Support appears to be forming around 35 cents, while 40 cents is shaping up as an important near-term resistance level. A clean break above that zone could attract further short-term buyers.

What should investors watch next?

The big question is whether this rally can last.

For the move to be sustained, coal prices will likely need to hold their recent gains or continue pushing higher. Any renewed weakness in coking coal could quickly pressure Coronado shares again.

Investors should also be watching for updates around costs, balance sheet strength, and capital management.

Foolish bottom line

Today's jump in Coronado Global Resources shares reflects improving coal prices and a rebound from deeply oversold levels.

While momentum has picked up, Coronado remains highly exposed to swings in coal prices, which will shape returns over time.

As always with coal stocks, volatility comes with the territory, and sharp moves in either direction should be expected.

The post Investors are buying this ASX coal stock again today. Here's why appeared first on The Motley Fool Australia.

The coal producer's share price fell 11.11% on Monday to a one-month low of 28 cents. This followed news of a fatal incident at its Curragh operations in Queensland.

Sentiment has, however, since improved. At the time of writing, Coronado shares are swapping hands for 36.5 cents, up 14.06% for the day.

Here is what investors are weighing up.

What happened at Curragh?

Late last week, an incident occurred at Coronado's Mammoth Underground Mine, part of the Curragh mine complex near Blackwater in central Queensland.

According to the release, the company confirmed that a worker was fatally injured during the incident and said it was supporting the worker's family, friends, and colleagues.

Operations at the Mammoth Underground Mine were suspended following the incident. As a precaution, Coronado also temporarily halted work at its Curragh North and Curragh South open-cut mines.

The company later confirmed that both open-cut mines have since restarted operations in a staged manner. The underground mine remains suspended while investigations continue. Queensland safety authorities have launched a formal investigation.

Why did the share price fall?

The fall in Coronado's share price on Monday reflected investor uncertainty around the potential impact on operations.

The Mammoth Underground Mine is an important part of Coronado's metallurgical coal production at Curragh, and any extended shutdown could affect output and costs. With limited information available at the time, the market appeared to take a more cautious approach.

Why are Coronado shares rebounding?

Today's rebound suggests investors are beginning to reassess the scale of the disruption.

With open-cut operations back online, the immediate production impact appears more limited. Coronado also has a broader portfolio of assets, reducing its reliance on any single operation.

Coal prices have also been supportive, with coking coal trading above US$220 per tonne over the past month. After Monday's sharp fall, some investors may also see the stock as being oversold.

What to watch next

The key focus will be updates on the investigation and any guidance on when Mammoth Underground Mine may resume operations.

Until then, Coronado shares are likely to remain volatile as investors balance operational uncertainty with movements in coal prices.

For now, I will be watching developments from the sidelines until there is clearer visibility on its operations.

The post Coronado shares surge 12% after Monday's sell-off appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is down 12% to $4.01. This may have been driven by profit-taking from investors after some very strong gains in 2025. For example, the respiratory imaging technology company's shares are up over 700% since this time last year despite today's pullback. The catalyst for this has been the US FDA's approval of its CT:VQ platform. It is a CAT scan-based ventilation-perfusion software. In addition, the platform has been picked up by three of America's leading academic medical centres since approval. This includes Stanford, University of Miami, and Cleveland Clinic. Management believes the "rapid adoption by elite institutions demonstrates the compelling clinical and operational advantages of CT:VQ over traditional nuclear VQ imaging."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 12.5% to 31.5 cents. This has been driven by the tragic news that the coal miner has experienced its second fatality on-site in less than a month. In the middle of the month, one occurred at its Logan mining complex in West Virginia, United States. On Friday, a second incident occurred at the Mammoth Underground Mine, which is located within Coronado Global's Curragh Mine complex, resulting in a fatal injury to an employee.

Metallium Ltd (ASX: MTM)

The Metallium share price is down 7% to 98.7 cents. This is despite the company announcing a binding electronic-scrap supply agreement with Glencore (LSE: GLEN). It is a major recycler of end-of-life electronics, lithium-ion batteries, and other critical metal-containing products. Management notes that the agreement marks a significant commercial milestone for Metallium, providing secure long-term access to e-scrap feedstock to support the ongoing commissioning and scale-up of its Flash Joule Heating (FJH) technology platform in the United States.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 3.5% to $66.10. Investors have been selling WiseTech Global shares despite there being no news out of the logistics solutions technology company. However, it is worth noting that a number of ASX tech stocks have taken a tumble on Monday. This has led to the S&P/ASX All Technology Index falling 2.2% this afternoon.

The post Why 4DMedical, Coronado Global, Metallium, and WiseTech Global shares are falling today appeared first on The Motley Fool Australia.

The coal company issued a statement to the ASX on Monday, stating that an incident occurred at the mine, located approximately 10km north of the town of Blackwater, at about 3 pm on Friday, January 2.

On Saturday, there was confirmation that a worker had been fatally injured, the company said.

It went on to say:

Coronado is deeply saddened by this tragic event and extends its deepest sympathies and sincere condolences to the family, friends and colleagues of the worker. The company is providing all support to the contracted coal mine operator, Mammoth Underground Mine Management Pty Ltd, which is currently working with the relevant authorities at site to understand the cause of the incident. The operations at Mammoth Underground Mine remain suspended.

The company said it had idled operations at its open-cut operations for 24 hours, but had now recommenced operations at these mines.

Media reports indicate that emergency services rushed to the Mammoth mine on Friday, safely recovering two workers, while one initially remained missing.

Inquiry to be launched

Queensland Minister for Natural Resources and Mines, Tony Perett, said there would be an investigation into the incident.

Coronado in October announced a strong set of results, stating at the time that its saleable production for the first quarter had increased 21% over the previous quarter to 4.5 million tonnes, marking the best result since 2021.

Managing Director Douglas Thompson said at the time that the company had "another strong quarter" and was experiencing good momentum.

He added:

Our performance is expected to continue to improve into the fourth quarter, with our expansion projects scheduled to hit planned run rates by the end of year and the continuation of benefits from our cost reduction programs. The Buchanan expansion project and Mammoth are forecasted to generate an additional circa three million tonnes (annualised) of saleable production. These projects are also expected to result in lower unit cost and drive significantly improved earnings and cash generation.

The company said it was the second quarter in a row where the company's unit production costs had come in below guidance, with the month of September "well below guidance at $80 per tonne".

Coronado shares fell 13.2% on Monday morning to be changing hands for 31.2 cents.

The company was valued at $603.5 million at the close of trade on Friday.

The post Coronado shares plummet after mine fatality in Queensland appeared first on The Motley Fool Australia.

The All Ords outperformed the benchmark S&P/ASX 200 Index (ASX: XJO), which rose 6.8% and produced a total return of 10.32%.

As always, there were losers in the pack, and here we reveal the five worst ASX All Ords shares for price growth.

It's interesting to note that some brokers see four of these stocks potentially turning around in the new year.

We include their assessments here.

5 ASX All Ords shares that fell off a cliff in 2025

All five of these ASX All Ords shares lost more than half their value last year.

1. Nuix Ltd (ASX: NXL)

This ASX All Ords tech share tumbled 72% to close out 2025 at $1.80.

Nuix is an investigative analytics and intelligence software provider.

For FY25, Nuix reported an 8% increase in annualised contract value (ACV) to $228.4 million but a loss after tax of $9.2 million.

That was largely due to a significant increase in the expensed proportion of research and development (R&D) spending, plus elevated net non-operational legal costs and restructuring costs.

In a trading update in November, Nuix issued FY26 ACV guidance in the range of $240 million to $260 million.

Moelis Australia has a buy rating on Nuix shares with a 12-month price target of $3.37.

In a note, Moelis said Nuix stock "seems oversold", commenting:

Nuix's share price has retraced significantly as recent operating performance fell below market expectations.

On our estimates the current price undervalues the company.

2. Myer Holdings Ltd (ASX: MYR)

This ASX All Ords retail share fell 61% to 48 cents on 31 December.

FY25 was a shocker for the company, which booked an underlying net profit of $37 million, down 30% on FY24.

The retailer also reported a statutory net loss of $211 million due to the write-down of goodwill for the new division, Myer Apparel Brands.

Myer shares did not pay a final dividend.

Morgan Stanley equity analyst Julia de Sterke sees a turnaround opportunity from the Apparel Brands' integration and other factors.

The broker has a buy rating on Myer shares with a target of 69 cents.

3. HMC Capital Ltd (ASX: HMC)

HMC Capital shares tanked in 2025, falling 60% to $3.96 apiece.

This was despite the diversified investment company reporting strong profit growth in FY25.

FY25 pre-tax operating earnings was $224.6 million, up 74%, and pre-tax operating earnings per share (EPS) was 56 cents, up 51%.

HMC Managing Director and CEO, David Di Pilla, described FY25 as "a landmark year" and said:

This growth highlights the scalability of our business model and the strength of our diversified platform spanning real estate, private equity, private credit, digital infrastructure and energy transition.

Each of these verticals is now generating meaningful earnings while also providing strong optionality for future expansion.

Morgans has a buy rating and $4.85 price target on HMC Capital shares.

In a note, the broker said: 

The current price essentially implies that HMC is ex-growth with a questionable NTA – a view we do not share.

So, whilst re-rating of the stock remains contingent on these elements coming to fruition, we believe it to be highly achievable over the next 12 months.

4. Accent Group Ltd (ASX: AX1)

Like Myer, ASX All Ords shoe retailer Accent experienced a big share price fall in 2025.

Accent shares dropped 60% to close the year at 95 cents.

Accent owns several brands, including The Athlete's Foot, Hoka, HypeDC, Platypus, Vans, and Skechers.

For FY25, Accent reported a net profit after tax (NPAT) of $57.7 million, down 3% on FY24.

The final dividend was 1.5 cents per share, down 67% on the previous year's final dividend.

However, a positive trading update in November has brokers seeing a buying opportunity for 2026.

Goldman Sachs reiterated its buy rating on Accent shares but cut its 12-month target from $1.70 to $1.20.

5. Coronado Global Resources Inc (ASX: CRN)

This ASX All Ords coal share fell 58% over the year to finish at 32 cents on 31 December.

A persistently low metallurgical coal price was a headwind for Coronado last year.

The miner reported a realised price of US$145.10 per tonne in the third quarter of 2025, down 30% year over year.

However, the miner said its 3Q saleable production was 21% higher than for the previous quarter at 4.5 million tonnes, which was the best result since 2021.

Managing director Douglas Thompson expects an even better 4Q result due to project expansion and cost reductions.

The third quarter was the second in a row in which unit production costs came in below guidance.

In the month of September, the unit cost was US$80 per tonne.

Brokers are yet to be convinced, with many giving this ASX All Ords mining share a hold or sell rating.

Last month, UBS reiterated its sell rating but lifted its 12-month target from 19 cents to 25 cents.

The post 5 worst ASX All Ords shares of 2025, and why brokers rate 4 of them a buy appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Bendigo and Adelaide Bank Ltd (ASX: BEN)

The Bendigo and Adelaide Bank share price is down 8% to $11.69. Investors have been selling this regional bank's shares following the release of a first quarter update. Bendigo and Adelaide Bank revealed that its Common Equity Tier 1 (CET1) ratio decreased by 7 basis points since the end of June to 10.93%. This and other metrics fell short of the market's expectations.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is down 6% to $164.05. This banking giant's shares have been sold off following the release of a soft first quarter result. CBA reported operating income growth of 3% and a 1% lift in cash net profit after tax to $2.6 billion. Investors don't appear to believe that this modest growth justifies its lofty valuation and have been hitting the sell button today. Commenting on the bank's outlook, CBA's CEO, Matt Comyn, said: "We are closely watching the increased competitive intensity and implications across the financial system, and we will continue to adjust our settings as appropriate. The Australian economy remains resilient. Economic growth is recovering and disposable income is rising for many households. We remain focused on our strategy to build a brighter future for all."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 27% to 27 cents. This follows the release of the coal miner's third quarter update. Coronado advised that revenue for the nine months to 30 September fell 27% to US$1.38 billion. This led to the company posting a net loss of US$281.9 million for the period, which has sparked fears that it could be on the brink of collapse. It warned: "[…] further operating losses and negative operating cash flows for the remainder of 2025 and into 2026, which, combined with other factors, could impact the company's ability to comply with financial covenants under the ABL Facility on and beyond December 31, 2025."

Life360 Inc (ASX: 360)

The Life360 share price is down almost 6% to $45.48. This is despite the location technology company delivering a record quarterly result, upgrading its guidance, and announcing a new acquisition. Life360 posted a 34% increase in revenue to US$124.5 million and a 174% jump in adjusted EBITDA to US$24.5 million. Its earnings guidance for FY 2025 is now US$84 million to US$88 million instead of US$72 million to US$82 million previously.

The post Why Bendigo Bank, CBA, Coronado, and Life360 shares are dropping today appeared first on The Motley Fool Australia.

The coal company published its quarterly report on Tuesday, which showed revenue for the nine months to the end of September 30 had fallen from US$1.89 billion to US$1.38 billion.

The company reported a net loss of US$281.9 million for the period, compared to a loss of US$54.8 million for the same period in the previous year.

Company on the ropes

The company also issued a "going concern" notice in its financial report, which indicated there could be concerns about the company's viability in the near future.

As the company said in its statement to the ASX:

The company's earnings and cash flows from operating activities have been significantly impacted by the continued subdued performance of metallurgical coal markets, which has led to low realised prices for the coal the company sells. For the three and nine months ended September 30, 2025, the company incurred net losses of $109.5 million and $281.9 million, respectively.   

Coronado also revealed that ratings agency S&P had downgraded its credit rating from B minus to CCC+ – a rating which indicates a high risk of default – while Moody's had also downgraded the company's credit rating, from Caa1 to Caa2.

The company also said it might have problems meeting its working capital requirements, which could spill over into a default on one of its debt facilities.

As the outlook for metallurgical coal markets remains uncertain, continued low or a further deterioration in metallurgical coal prices and the company's inability to achieve production forecasts, due to factors beyond the company's control, could lead to an inability to fund short-term working capital movements, further operating losses and negative operating cash flows for the remainder of 2025 and into 2026, which, combined with other factors, could impact the company's ability to comply with financial covenants under the ABL Facility on and beyond December 31, 2025.

Non-compliance with those financial covenants, "or a further two or more notches downgrade to the company's credit rating by S&P or Moody's as at September 29, 2025", could result in a default under the ABL facility, the company said, which could also lead to a cross-default of another financial instrument.

Viability in question

Coronado said it had entered into a transaction with customer Stanwell Corporation, which was intended to shore up its balance sheet, but there remained a substantial risk to its solvency.

As the company said:

While management believes that the proposed transaction, if entered into and once completed, would enhance the company's liquidity, the vast majority of the potential funding under the arrangement is delivered over time and not upfront, and does not eliminate uncertainties in relation to the company's future financial performance, including the company's ability to achieve its production targets and manage working capital fluctuations that are material at times depending on circumstances (production and inventory levels), due to events and factors beyond its control, and sustained weakness in metallurgical coal markets and consequential realised metallurgical coal prices. Accordingly, management has concluded that substantial doubt exists regarding the company's ability to continue as a going concern within one year after the date of these condensed consolidated financial statements.  

Coronado shares fell 29.73% on the news to be changing hands for 26 cents.

The post Why are Coronado Global Resources shares being smashed today? appeared first on The Motley Fool Australia.

The company said in its quarterly statement to the ASX on Thursday that its saleable production for the quarter came in 21% higher than for the previous quarter at 4.5 million tonnes, which was the best result since 2021.

Managing director Douglas Thompson said the company had "another strong quarter" and had good momentum.

He added:

Our performance is expected to continue to improve into the fourth quarter, with our expansion projects scheduled to hit planned run rates by the end of year and the continuation of benefits from our cost reduction programs. The Buchanan expansion project and Mammoth are forecasted to generate an additional circa three million tonnes (annualised) of saleable production. These projects are also expected to result in lower unit cost and drive significantly improved earnings and cash generation.

Cost controls working

The company said it was the second quarter in a row where the company's unit production costs had come in below guidance, with the month of September "well below guidance at $80 per tonne".

Mr Thompson said pricing for metallurgical coal remained "persistently low, but the company was implementing new cost saving initiatives in response".

He said:

These initiatives included reductions in both operating and capital expenditures, rephasing of project timelines, and optimisation of working capital. These actions continue progressing well to deliver liquidity improvements of approximately $80 million over the course of 2025, with about $25 million delivered in the quarter.

Mr Thompson said, looking to the future, the company remained confident in the strength of its asset base.

Our high-quality, long-life coal reserves, strategically located operations, highly sought-after products and well-established relationships with customers in high growth markets provide a solid foundation for long-term value creation.

Coronado's realised price per tonne of coal came in at US$145.10 for the quarter, down 1.6% on the previous quarter and 30.1% down on the same period last year.

The company said it expected "a gradual strengthening in metallurgical coal prices'', underpinned by a recovery in global steel production outside China, including sustained growth in Indian steel output.

Coronado shares jumped following the release of the quarterly report, changing hands for 32.5 cents, up 12.1% by early afternoon.

Coronado was valued at $486.2 million at the close of trade on Wednesday.

The post Why are this coal miner's shares more than 10% higher? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price is up 10% to $5.44. Investors have been buying this iron ore miner's shares following the release of its quarterly update. Champion Iron reported production of 3.6Mt and record sales of 3.9Mt. This underpinned quarterly revenue of $493 million and EBITDA of $175 million. Champion's CEO, David Cataford, said: "We successfully capitalized on rising iron ore prices by delivering robust quarterly financial results, while completing our scheduled semi-annual maintenance at our site and on the third-party railway. I'm especially proud of our teams' commitment to operating Bloom Lake sustainably while optimizing operations and advancing the DRPF project towards its completion."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global Resources share price is up almost 15% to 33.2 cents. This has been driven by the release of the coal miner's third quarter update. Coronado reported growth across all key production and sales metrics during the three months. This includes a 21% increase in saleable production (its highest since 2021) and a 9% increase in sales volumes. The company's CEO, Douglas Thompson, said: "Following the record ROM production in June to end Q2, our operations continued the positive momentum and had another strong quarter. Q3 delivered material increases in all production and sales metrics. Saleable production was our highest since Q1 2021 and we again improved costs for another quarter."

Megaport Ltd (ASX: MP1)

The Megaport share price is up 3.5% to $16.26. This appears to have been driven by a broker note out of Macquarie. According to the note, the broker has reaffirmed its outperform rating on this network as a service provider's shares with an improved price target of $18.50. It said: "Top-line is stabilised, with new customer logo growth a strong positive signal. Reinvestment in growth will drive top-line acceleration out of FY26. Product roadmap suggests MP1 will move more into software with edge compute, driving higher long-term margins. Retain Outperform."

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is up 11.5% to $47.26. Investors have been buying the mining and mining services company's shares following the release of its first quarter update. Mineral Resources reported a solid performance across its businesses. As a result, it believes it is on track to meet FY 2026 volume and cost guidance across all divisions.

The post Why Champion Iron, Coronado, Megaport, and Mineral Resources shares are racing higher appeared first on The Motley Fool Australia.

Meanwhile, three market experts explain why it's time to sell this trio of ASX mining shares.

Know when to fold 'em: 3 ASX mining shares

Fortescue Ltd (ASX: FMG)

The Fortescue share price is currently $17.75, down 2.45%.

On The Bull this week, John Athanasiou from Red Leaf Securities has a sell rating on this ASX iron ore mining share.

Athanasiou said:

Fortescue is a major iron ore producer. Unlike diversified peers, FMG's heavy reliance on iron ore exposes it to volatility.

Its ambitious pivot to green hydrogen and renewables carries higher costs and execution risk, which, in our view, dilutes focus.

Rising operational costs and leadership turnover add to uncertainty. We believe the company's valuations are stretched.

Athanasiou says investors who prefer stable investments might want to consider selling their Fortescue shares at this point.

FMG's risk profile no longer justifies its price, making it a sell for investors prioritising stability and clearer growth paths.

Coronado Global Resources Inc (ASX: CRN)

Coronado Global Resources shares are down 11.3% to 20 cents at the time of writing.

Elio D'Amato from EnviroInvest has a sell rating on this ASX metallurgical coal mining share.

He said:

[Coronado Global Resources] shares fell from $1.31 on July 25, 2024, to close at 10 cents on June 2, 2025.

The shares have since rallied, perhaps in response to buoyant coal prices to trade at 19 cents on July 24, 2025.

But coal prices can be volatile as the transition to greener energy gathers momentum.

The analyst suggests some investors may want to cash in on the recent rally, given the outlook for coal.

In our view, the broader coal sector is up against tighter regulatory scrutiny, carbon pricing risk and potential investor outflows from thermal and metallurgical coal assets.

Liontown Resources Ltd (ASX: LTR)

ASX lithium mining share, Liontown Resources, is currently trading at 78 cents, down 5.24%.

After reviewing the miner's quarterly update released this week, Morgans maintained its sell rating on Liontown shares.

The broker lifted its 12-month share price target to 56 cents; however, this is still well below where the stock is trading now.

Morgans said:

4Q25 spodumene production fell -10% qoq, but the result was lifted by sales which were +4% qoq.

LTR finished FY25 with A$156m of cash (-10% qoq).

FY26 will be a transitional year with production and cost reductions to be 2H26 weighted as LTR ramps up underground mining.

We maintain our SELL rating with a A$0.56ps target price (previously A$0.50ps).

The post 3 ASX mining shares to sell today: experts appeared first on The Motley Fool Australia.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) drifted 0.21% lower to close at 8,505.5 points.

Coronado Global Resources shares have fallen 82% in the year to date and 88% over the past 12 months.

The ASX coal share hit a record low of 10 cents per share on 2 June.

What's dragging Coronado Global Resources shares down?

The company has faced a myriad of problems, starting with a continually deteriorating coal price.

As the chart above shows, the Coronado Global Resources share price has been declining since October, in tandem with the coal price.

In the final quarter of 2024, metallurgical coal averaged US$203 per tonne, down from US$333 in the final quarter of 2023.

At the beginning of June, the met coal price was about US$195 per tonne. That's when Coronado shares hit their all-time low.

But it's not just the falling coal price that has weakened Coronado stock.

Last year was a tough year operationally for the coal miner.

Repairs to the overland conveyor and above-average rainfall at Curragh led to a production guidance downgrade and higher costs.

Over the first five months of 2025, Coronado spent about US$140 million on capital expenditure, leaving only US$80 million for the period from June to December.

This prompted Coronado to embark on a liquidity improvement plan to help it withstand lower coal prices while also allowing it to forge ahead with its expansion of the Mammoth project at Curragh and the Buchanan project in the US.

What's Coronado done to improve liquidity?

The liquidity improvement plan entailed securing extra sources of funding, along with cost reduction initiatives to improve near-term liquidity by approximately US$100 million throughout 2025.

Last week, Coronado Global Resources announced a $150 million funding deal with Stanwell Corporation in exchange for a thermal coal supply of up to 800,000tpa over five years from 2027.

On Wednesday, Coronado Global Resources announced it had completed documentation for a separate, renegotiated three-year $150 million lending facility.

However, these two initiatives may not be the end of funding activities.

Coronado Global Resources said:

Notwithstanding the completion of this financing, the Company continues proactively to monitor its balance sheet and liquidity position in light of the challenging market backdrop for pricing of coal to ensure its continued adequacy.

Our expansion projects at Mammoth and Buchanan that are ramping up in the second half of this year and US$100M in cost saving initiatives underway are expected to further materially improve the company's liquidity position.

Once complete, the expansion of Mammoth and Buchanan is expected to result in a significant contribution to saleable production and lower capital expenditure in the second half of 2025.

Mammoth is expected to end CY25 with ROM production of 1.5Mt to 2.0Mt and the Buchanan expansion with 1Mt.

Operational challenges have continued, including heavy rainfall and unplanned maintenance that will affect June quarter production.

The post What happened to Coronado Global Resources shares on Friday? appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Block Inc (ASX: XYZ)

The Block Inc share price is down 2% to $97.28. This follows a similar decline by the payments company's NYSE listed shares overnight. This was driven largely by weakness on Wall Street as investors sought safe haven assets amid escalating tensions in the Middle East. Following today's decline the Afterpay and Square owner's shares have lost almost a third of their value since the start of the year.

Catalyst Metals Ltd (ASX: CYL)

The Catalyst Metals share price is down 8.5% to $5.78. This morning, this gold miner announced the results of infill drilling at the Trident Gold Project. It appears that investors were expecting stronger results than were announced. Catalyst's managing director and CEO, James Champion de Crespigny, commented: "These results are as expected. Their purpose was to grow the Reserve base. Hence, these holes are infill drilling inferred Resources with the intent of converting them to indicated. Further programs are underway to convert more inferred Resources to indicated while also attempting to expand the Resource base itself."

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is down 7% to 13.5 cents. This morning, this coal miner revealed that it has now completed and executed definitive documentation for its Asset-Based Lending facility. This facility provides up to US$150 million in secured funding. However, it may not end there. The company said: "Notwithstanding the completion of this financing, the Company continues proactively to monitor its balance sheet and liquidity position in light of the challenging market backdrop for pricing of coal to ensure its continued adequacy."

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 5% to $1.28. Investors have been selling lithium miners today following a pullback by their Wall Street listed peers overnight. This weakness may be due to a combination of weak lithium prices and investors selling higher risk assets due to rising tensions in the Middle East. And there are few sides of the market that are as high risk as lithium miners in the current environment. Pilbara Minerals shares are now down 60% since this time last year.

The post Why Block, Catalyst Metals, Coronado Global, and Pilbara Minerals shares are falling today appeared first on The Motley Fool Australia.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise on Thursday despite a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 19 points or 0.2% higher this morning. In the United States, the Dow Jones was flat, the S&P 500 was down 0.25%, and the Nasdaq fell 0.5%.

Oil prices jump

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good session after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 4.6% to US$67.94 a barrel and the Brent crude oil price is up 4% to US$69.56 a barrel. Traders were bidding oil prices higher in response to escalating tensions between the US and Iran.

Hold Coronado Global shares

The Coronado Global Resources Inc (ASX: CRN) share price is almost fully valued now following a strong gain this month. That's the view of analysts at Bell Potter, which have reaffirmed their speculative hold rating on the coal miner's shares with a price target of 19 cents. It said: "We maintain our Speculative Hold recommendation, recognising balance sheet risks during current weak coal markets. In the near-term, the ramp-up of Mammoth underground and the Buchanan expansion project should improve production volumes and lower unit costs."

Gold price rises

It could be a good session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) on Thursday after the gold price rose overnight. According to CNBC, the gold futures price is up 0.9% to US$3,372.2 an ounce. A cooler than expected US inflation reading boosted the precious metal.

Telix shares on watch

Telix Pharmaceuticals Ltd (ASX: TLX) shares will be on watch on Thursday after the radiopharmaceuticals company released an investor day update. At the event, the company spoke positively about its growth opportunities. This includes building a leading PSMA imaging portfolio and expanding the addressable market. It notes that its sees "potential to bring the total addressable market up to ~$6.7 billion in the U.S." This compares to an estimated $2.5 billion to $3.5 billion today.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.