Whitehaven Coal (OTCMKTS:WHITF) Downgraded to Hold Rating by UBS Group

Whitehaven Coal (OTCMKTS:WHITF) was downgraded by UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Zacks Research raised Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Whitehaven Coal currently has an average rating of “Hold” and a consensus target price of $6.10.

Whitehaven Coal Trading Down 2.9%

Shares of WHITF opened at $5.20 on Monday. Whitehaven Coal has a 52 week low of $3.58 and a 52 week high of $6.85. The stock has a fifty day moving average of $5.87 and a 200-day moving average of $5.88.

About Whitehaven Coal

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.