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Morgans Sticks to Their Buy Rating for Whitehaven Coal Limited (WHITF)

Morgans Sticks to Their Buy Rating for Whitehaven Coal Limited (WHITF)

Morgans analyst Tom Sartor maintained a Buy rating on Whitehaven Coal Limited (WHITF – Research Report) today and set a price target of A$7.25. The company's shares closed today at $3.46.
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According to TipRanks, Sartor is a 4-star analyst with an average return of 16.6% and a 41.03% success rate.
In addition to Morgans, Whitehaven Coal Limited also received a Buy from Bell Potter's James Williamson in a report issued on April 30. However, on the same day, UBS maintained a Hold rating on Whitehaven Coal Limited (Other OTC: WHITF).
Based on Whitehaven Coal Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.43 billion and a net profit of $77 million. In comparison, last year the company earned a revenue of $1.59 billion and had a net profit of $257.62 million
Based on the recent corporate insider activity of 12 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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