Whitehaven Coal (OTCMKTS:WHITF) Rating Lowered to “Hold” at Zacks Research

Whitehaven Coal (OTCMKTS:WHITF) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, UBS Group lowered Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.10.

Whitehaven Coal Stock Down 2.9%

Shares of WHITF opened at $5.20 on Tuesday. The firm’s fifty day simple moving average is $5.87 and its two-hundred day simple moving average is $5.88. Whitehaven Coal has a 12 month low of $3.58 and a 12 month high of $6.85.

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.