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

Whitehaven Coal (OTCMKTS:WHITF) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

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

Whitehaven Coal Stock Performance

OTCMKTS:WHITF opened at $6.25 on Monday. Whitehaven Coal has a 52 week low of $3.41 and a 52 week high of $6.85. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $5.68.

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.