According to Dow Jones Newswires, Goldman has lifted its hard coking coal price forecast for next year by $US20 to $140 per tonne, while it expects thermal coal prices to hit $80/t and pulverised coal injection coal to reach $100/t.
The news service has reported a number of broker upgrades this month, with Macarthur now getting a buy rating from both Goldman and UBS.
UBS also reportedly placed a buy rating on Gloucester, which has a smaller volume of publicly traded shares since commodities trader Noble Group lifted its stake in the company to 87.8% in a $A7 per share off-market cash takeover.
The news service revealed the latest share price expectations from brokers, with Morgan Stanley lifting Centennial to $3.16 and Whitehaven to $3.08, while UBS set its targets for the two companies to $2.90 and $4 respectively.
While the reasons behind the upgrades vary, all the brokers see some improvement in Asian economic conditions.
Macquarie has also forecast premium hard coking coal to reach $US140/t next year in benchmark contracts.
Macarthur shares are down A8c this morning $6.44 this morning, Gloucester shares have climbed 16c to $4.99, Whitehaven shares have slid 3c to $2.98 and Centennial shares have gained 3c to $2.17.