Whitehaven Coal (OTCMKTS:WHITF) Trading Down 1% – What’s Next?

Whitehaven Coal Limited (OTCMKTS:WHITF) traded down 1% during mid-day trading on Wednesday . The stock traded as low as $4.93 and last traded at $4.9480. 1,666 shares traded hands during trading, a decline of 89% from the average daily volume of 15,315 shares. The stock had previously closed at $5.00.

Analysts Set New Price Targets

A number of analysts have commented on WHITF shares. Zacks Research cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group raised shares of Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 target price on the stock in a report on Wednesday, July 8th. Finally, UBS Group cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $8.10.

Whitehaven Coal Trading Down 1.0%

The stock has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $5.86.

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.