Whitehaven Coal Updates on Market Buy-Back Progress

Whitehaven Coal Limited ( (AU:WHC) ) has issued an update.

Whitehaven Coal Limited has announced an update on its ongoing on-market buy-back program, revealing the purchase of 91,008 ordinary fully paid securities on the previous day, contributing to a total of 3,258,385 securities bought back to date. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and indicating confidence in its financial position.

The most recent analyst rating on (AU:WHC) stock is a Buy with a A$9.75 price target. To see the full list of analyst forecasts on Whitehaven Coal Limited stock, see the AU:WHC Stock Forecast page.

More about Whitehaven Coal Limited

Whitehaven Coal Limited operates in the coal mining industry, focusing on the extraction and sale of coal. The company is a significant player in the market, providing resources primarily for energy production.

YTD Price Performance: -8.88%

Average Trading Volume: 7,234,666

Technical Sentiment Signal: Hold

Current Market Cap: A$4.61B

For an in-depth examination of WHC stock, go to TipRanks’ Stock Analysis page.