Research analysts at UBS Group began coverage on shares of Yanzhou Coal Mining (OTCMKTS:YZCAY) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the energy company’s stock.
Several other brokerages have also recently issued reports on YZCAY. Goldman Sachs Group upgraded shares of Yanzhou Coal Mining from a “neutral” rating to a “buy” rating in a report on Monday, October 22nd. ValuEngine cut shares of Yanzhou Coal Mining from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Finally, HSBC upgraded shares of Yanzhou Coal Mining from a “reduce” rating to a “hold” rating in a report on Friday, December 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of YZCAY opened at $9.16 on Wednesday. Yanzhou Coal Mining has a 1-year low of $7.70 and a 1-year high of $17.01.
Yanzhou Coal Mining Company Limited explores, mines, washes, processes, and sells coal in China, Japan, South Korea, and Australia. The company operates through four divisions: Coal Mining; Coal Railway Transportation; Methanol, Electricity, and Heat Supply; and Equipment Manufacturing. It offers coal products for electric power, metallurgy and chemical industry, etc.; and manufactures coal chemicals, including methanol, as well as engages in potash mineral exploration activities.
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