Whitehaven Coal (OTCMKTS:WHITF) Rating Increased to Hold at Zacks Research

Whitehaven Coal (OTCMKTS:WHITF) was upgraded by investment analysts at Zacks Research to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also weighed in on WHITF. The Goldman Sachs Group lowered Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price objective on the stock. in a report on Monday, January 12th. Jefferies Financial Group reissued a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Whitehaven Coal has an average rating of “Hold” and a consensus target price of $6.10.

Whitehaven Coal Stock Up 3.3%

Shares of OTCMKTS:WHITF opened at $5.93 on Wednesday. The business’s 50-day moving average is $6.08 and its 200 day moving average is $5.48. Whitehaven Coal has a 1 year low of $3.10 and a 1 year high of $6.85.

Whitehaven Coal Company Profile

Whitehaven Coal (OTCMKTS:WHITF) is an Australian coal producer primarily engaged in the exploration, development, production and sale of coal in New South Wales. The company’s operating assets are located in the resource-rich Gunnedah Basin and the Hunter Valley region, where it develops both open-cut and underground mining projects. Whitehaven focuses on delivering high-quality coal products to industrial and power generation markets.

The company’s main operating mines include Maules Creek, Narrabri and its flagship Whitehaven Mine, each equipped with modern mining and processing facilities.