Zacks Research Upgrades Whitehaven Coal (OTCMKTS:WHITF) to “Strong-Buy”

Whitehaven Coal (OTCMKTS:WHITF) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Whitehaven Coal in a research report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Whitehaven Coal presently has a consensus rating of “Moderate Buy” and an average price target of $6.10.

Whitehaven Coal Trading Up 0.6%

WHITF stock opened at $6.25 on Monday. Whitehaven Coal has a 1-year low of $3.41 and a 1-year high of $6.85. The firm has a fifty day moving average price of $6.03 and a two-hundred day moving average price of $5.68.

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.