In a report released today, Paul McTaggart from Citi maintained a Buy rating on Whitehaven Coal Limited (WHITF – Research Report), with a price target of A$7.80. The company’s shares closed yesterday at $4.32.
McTaggart covers the Basic Materials sector, focusing on stocks such as Incitec Pivot Limited, Rio Tinto Limited, and BHP Group Ltd. According to TipRanks, McTaggart has an average return of 15.5% and a 55.00% success rate on recommended stocks.
Whitehaven Coal Limited has an analyst consensus of Moderate Buy, with a price target consensus of $5.36.
The company has a one-year high of $7.25 and a one-year low of $3.04. Currently, Whitehaven Coal Limited has an average volume of 24.57K.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WHITF in relation to earlier this year.
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Whitehaven Coal Ltd. is engaged in the development and operation of coal mines. The company operates through the following segments: Open Cut Operations and Underground Operations. Its projects include Canyon, Maules Creek, Narrabri North, Rocglen, Sunnyside, Tarrawonga, Vickery, Werris Creek, and Other Projects. The company was founded by Keith Ross in February 1999 and is headquartered in Sydney, Australia.