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

Whitehaven Coal (OTCMKTS:WHITF) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued 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 report on Monday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.10.

Whitehaven Coal Trading Down 2.9%

WHITF opened at $5.20 on Tuesday. The stock has a fifty day simple moving average of $5.87 and a two-hundred day simple moving average of $5.88. Whitehaven Coal has a 12-month low of $3.58 and a 12-month 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.