Whitehaven Coal (OTCMKTS:WHITF) Trading Down 1% – Here’s Why

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

Analysts Set New Price Targets

Several research analysts have commented on WHITF shares. The Goldman Sachs Group downgraded Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price target on the stock. in a research report on Monday, January 12th. Jefferies Financial Group reissued a “buy” rating on shares of Whitehaven Coal in a research report on Monday, February 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.10.

Whitehaven Coal Trading Up 7.0%

The stock’s 50-day moving average price is $5.85 and its 200 day moving average price is $5.01.

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.