Whitehaven Coal (OTCMKTS:WHITF) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Whitehaven Coal (OTCMKTS:WHITF) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

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

Whitehaven Coal Stock Performance

WHITF opened at $6.25 on Monday. The company’s 50-day simple moving average is $6.03 and its two-hundred day simple moving average is $5.68. Whitehaven Coal has a 52-week low of $3.41 and a 52-week 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.