Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $14.72, but opened at $15.1510. Yankuang Energy Group shares last traded at $15.1510, with a volume of 1,844 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Yankuang Energy Group currently has a consensus rating of “Hold”.
Read Our Latest Report on YZCAY
Yankuang Energy Group Trading Up 2.9%
Yankuang Energy Group (OTCMKTS:YZCAY – Get Free Report) last posted its quarterly earnings results on Monday, August 31st. The energy company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The business had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Analysts anticipate that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 earnings per share for the current year.
About Yankuang Energy Group
Yankuang Energy Group Co, Ltd. is a China-based energy and resources company formerly known as Yanzhou Coal Mining Co, Ltd. The company is headquartered in Jining, Shandong Province, and is affiliated with Yankuang Group. Its shares trade in mainland China and Hong Kong, while its American depositary shares trade over the counter under the symbol YZCAY.
The company’s principal business is the exploration, mining, processing and sale of coal. It produces thermal coal for power generation as well as coal used in industrial applications.
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