Whitehaven Coal (OTCMKTS:WHITF) Cut to “Hold” at UBS Group

UBS Group downgraded shares of Whitehaven Coal (OTCMKTS:WHITF) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Separately, Zacks Research upgraded Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 1st. One 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’s stock. Based on data from MarketBeat, Whitehaven Coal presently has a consensus rating of “Hold” and an average price target of $6.10.

Whitehaven Coal Stock Down 2.9%

WHITF stock opened at $5.20 on Monday. The stock has a 50-day simple moving average of $5.87 and a two-hundred day simple moving average of $5.88. Whitehaven Coal has a twelve month low of $3.58 and a twelve month high of $6.85.

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.