Whitehaven Coal (OTCMKTS:WHITF) Stock Price Down 1% – Time to Sell?

Whitehaven Coal Limited (OTCMKTS:WHITF)’s stock price dropped 1% during mid-day trading on Tuesday . The company traded as low as $6.24 and last traded at $6.24. Approximately 12,168 shares were traded during trading, an increase of 20% from the average daily volume of 10,167 shares. The stock had previously closed at $6.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 target price on the stock. in a research note on Monday, January 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Whitehaven Coal in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.10.

Whitehaven Coal Stock Performance

The firm has a 50 day simple moving average of $5.83 and a 200 day simple moving average of $5.00.

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.