Whitehaven Coal (OTCMKTS:WHITF) Downgraded by UBS Group to “Hold”

UBS Group cut shares of Whitehaven Coal (OTCMKTS:WHITF) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Separately, Zacks Research upgraded shares of Whitehaven Coal from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.10.

Whitehaven Coal Price Performance

OTCMKTS WHITF opened at $5.20 on Monday. The company has a 50 day simple moving average of $5.87 and a 200-day simple moving average of $5.88. Whitehaven Coal has a 52-week low of $3.58 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.