Whitehaven Coal (OTCMKTS:WHITF) Downgraded by The Goldman Sachs Group to Hold

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

Whitehaven Coal Stock Up 1.7 %

Whitehaven Coal stock opened at $2.94 on Tuesday. Whitehaven Coal has a 1-year low of $2.50 and a 1-year high of $6.16. The company has a fifty day simple moving average of $3.52 and a 200 day simple moving average of $4.00.

About Whitehaven Coal

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. It operates through three segments: Open Cut Operations, Underground Operations, and Coal Trading and Blending. The company produces metallurgical and thermal coal. It operates four mines, including three open cut and one underground located in the Gunnedah Coal Basin in New South Wales.