Whitehaven Coal (OTCMKTS:WHITF) Trading Down 1% – Here’s Why

Whitehaven Coal Limited (OTCMKTS:WHITF)’s stock price traded down 1% on Tuesday . The company traded as low as $6.24 and last traded at $6.24. 12,168 shares were traded during mid-day trading, an increase of 20% from the average session volume of 10,167 shares. The stock had previously closed at $6.30.

Analyst Ratings Changes

WHITF has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price target on the stock. in a report on Monday, January 12th. Jefferies Financial Group reissued a “buy” rating on shares of Whitehaven Coal in a report on Monday, February 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Whitehaven Coal has an average rating of “Hold” and an average price target of $6.10.

Whitehaven Coal Stock Down 1.0%

The company has a fifty day moving average of $5.83 and a 200 day moving average of $5.00.

About Whitehaven Coal

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.