Whitehaven Coal (OTCMKTS:WHITF) Downgraded by Citigroup

Whitehaven Coal (OTCMKTS:WHITFGet Rating) was downgraded by equities research analysts at Citigroup to a “hold” rating in a research report issued to clients and investors on Thursday, April 21st, TipRanks reports. They currently have a $4.90 price target on the stock. Citigroup’s target price would suggest a potential upside of 39.20% from the company’s previous close.

Separately, The Goldman Sachs Group raised Whitehaven Coal from a “neutral” rating to a “buy” rating in a report on Wednesday, January 12th.

Shares of OTCMKTS WHITF traded up $0.04 during trading hours on Thursday, hitting $3.52. 5,015 shares of the company’s stock were exchanged, compared to its average volume of 46,176. Whitehaven Coal has a 1-year low of $0.90 and a 1-year high of $3.61. The company’s 50-day moving average price is $3.13 and its 200-day moving average price is $2.37.

About Whitehaven Coal (Get Rating)

Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. The company operates in two segments, Open Cut Operations and Underground Operations. It produces metallurgical and thermal coal. The company operates four mines in the Gunnedah Coal Basin in North West New South Wales, three open cut mines at Maules Creek, Tarrawonga, and Werris Creek; and one underground mine at Narrabri.

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