Whitehaven Coal (OTCMKTS:WHITF) Shares Cross Above 200-Day Moving Average – Should You Sell?

Whitehaven Coal Limited (OTCMKTS:WHITF)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $5.77 and traded as high as $5.7850. Whitehaven Coal shares last traded at $5.78, with a volume of 1,868 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price objective for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.10.

Whitehaven Coal Stock Performance

The business’s fifty day moving average price is $5.63 and its 200-day moving average price is $5.77.

About Whitehaven Coal

Whitehaven Coal Limited is an Australian coal mining company that produces and exports thermal and metallurgical coal. Its products are used primarily for electricity generation and steelmaking, with sales to international customers, particularly across Asian markets.

Founded in 1999, the company operates mining assets in New South Wales and Queensland. Its New South Wales portfolio includes the Maules Creek open-cut mine and the Narrabri underground mine, while its Queensland operations include the Blackwater and Daunia metallurgical coal mines.