Whitehaven Coal (OTCMKTS:WHITF) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Whitehaven Coal (OTCMKTS:WHITF) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

A number of other research firms have also commented on WHITF. The Goldman Sachs Group lowered shares of Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price target on the stock. in a research report on Monday, January 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Whitehaven Coal presently has a consensus rating of “Hold” and an average target price of $6.10.

Whitehaven Coal Stock Up 3.3%

Shares of OTCMKTS:WHITF opened at $5.93 on Wednesday. The business has a 50-day moving average of $6.08 and a two-hundred day moving average of $5.48. Whitehaven Coal has a fifty-two week low of $3.10 and a fifty-two week high of $6.85.

Whitehaven Coal Company Profile

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.