Whitehaven Coal (OTCMKTS:WHITF) Upgraded to “Strong-Buy” at Zacks Research

Whitehaven Coal (OTCMKTS:WHITF) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, Jefferies Financial Group reissued a “buy” rating on shares of Whitehaven Coal in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.10.

Whitehaven Coal Price Performance

OTCMKTS WHITF opened at $6.25 on Monday. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $5.68. Whitehaven Coal has a fifty-two week low of $3.41 and a fifty-two week 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.