Whitehaven Coal (OTCMKTS:WHITF) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Whitehaven Coal (OTCMKTS:WHITF) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

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

Whitehaven Coal Stock Performance

WHITF opened at $5.20 on Tuesday. The stock’s 50 day simple moving average is $5.87 and its 200-day simple moving average is $5.88. Whitehaven Coal has a 1 year low of $3.58 and a 1 year 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.