Whitehaven Coal (OTCMKTS:WHITF) Shares Up 2.7% – Still a Buy?

Whitehaven Coal Limited (OTCMKTS:WHITF)’s share price was up 2.7% on Tuesday . The stock traded as high as $5.75 and last traded at $5.75. Approximately 8,317 shares changed hands during trading, a decline of 58% from the average daily volume of 19,718 shares. The stock had previously closed at $5.60.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WHITF. Jefferies Financial Group reiterated a “buy” rating on shares of Whitehaven Coal in a research report on Monday, February 16th. The Goldman Sachs Group cut shares of Whitehaven Coal from a “hold” rating to a “sell” rating and set a $6.10 price objective on the stock. in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.10.

Whitehaven Coal Stock Up 2.7%

The firm’s fifty day moving average price is $6.11 and its 200-day moving average price is $5.42.

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.