UBS Group Downgrades Whitehaven Coal (OTCMKTS:WHITF) to Hold

Whitehaven Coal (OTCMKTS:WHITFGet Free Report) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued 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 equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.10.

View Our Latest Report on Whitehaven Coal

Whitehaven Coal Stock Performance

Shares of OTCMKTS:WHITF opened at $5.20 on Monday. Whitehaven Coal has a 12-month low of $3.58 and a 12-month high of $6.85. The company’s 50 day moving average price is $5.87 and its two-hundred day moving average price is $5.88.

Whitehaven Coal Company Profile

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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.

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