The Goldman Sachs Group downgraded shares of New Hope (OTCMKTS:NHPEF) from a buy rating to a neutral rating in a research note published on Tuesday, The Fly reports. The Goldman Sachs Group currently has $2.50 target price on the stock.
A number of other research firms also recently issued reports on NHPEF. upgraded shares of New Hope from a neutral rating to a buy rating in a research report on Thursday, May 27th. Credit Suisse Group downgraded shares of New Hope from an outperform rating to a neutral rating in a research report on Tuesday, May 25th. Finally, Citigroup upgraded shares of New Hope from a neutral rating to a buy rating in a research report on Thursday, May 27th.
NHPEF stock opened at $1.71 on Tuesday. The firm has a 50 day moving average of $1.46 and a 200-day moving average of $1.23. New Hope has a 12-month low of $0.91 and a 12-month high of $1.71.
New Hope Corp. Ltd. engages in the exploration of coal. It operates through the following segments: Coal Mining in Queensland, Coal Mining in New South Wales, and Other. The Coal Mining in Queensland segment includes mining related exploration, development, production, processing, transportation, port operations, and marketing.
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