Whitehaven Coal (OTCMKTS:WHITF) Stock Rating Lowered by UBS Group

Whitehaven Coal (OTCMKTS:WHITF) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research raised 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.10.

Whitehaven Coal Trading Down 2.9%

Shares of WHITF stock opened at $5.20 on Monday. Whitehaven Coal has a one year low of $3.58 and a one year high of $6.85. The firm has a 50-day moving average of $5.87 and a 200-day moving average of $5.88.

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.