Zacks Research Downgrades Whitehaven Coal (OTCMKTS:WHITF) to Hold

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

Separately, UBS Group cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.10.

Whitehaven Coal Stock Performance

Shares of OTCMKTS:WHITF opened at $5.20 on Tuesday. Whitehaven Coal has a 1-year low of $3.58 and a 1-year high of $6.85. The business has a fifty day moving average price of $5.87 and a 200-day moving average price of $5.88.

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.