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

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

Several other equities research analysts have also commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Whitehaven Coal in a research note on Monday, February 16th. The Goldman Sachs Group lowered shares of Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price objective for the company. in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.10.

Whitehaven Coal Stock Performance

WHITF opened at $5.93 on Wednesday. Whitehaven Coal has a fifty-two week low of $3.10 and a fifty-two week high of $6.85. The company’s 50-day moving average is $6.08 and its 200 day moving average is $5.48.

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.