Price Action Don’t Lie: Does Yanzhou Coal Mining Co Ltd (ADR) Have More Gas After Touching 52-Week High?

Price Action Don't Lie: Does Yanzhou Coal Mining Co Ltd (ADR) Have More Gas After Touching 52 Week High?

The stock of Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) hit a new 52-week high and has $11.42 target or 51.00% above today’s $7.56 share price. The 5 months bullish chart indicates low risk for the $7.31 billion company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $11.42 price target is reached, the company will be worth $3.73 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 17,812 shares traded hands. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) has risen 51.52% since March 4, 2016 and is uptrending. It has outperformed by 43.48% the S&P500.

Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) Ratings Coverage

Out of 2 analysts covering Yanzhou Coal Mining Co (NYSE:YZC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Yanzhou Coal Mining Co has been the topic of 2 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of YZC in a report on Tuesday, September 22 to “Hold” rating. As per Thursday, March 24, the company rating was upgraded by Goldman Sachs.

According to Zacks Investment Research, “Yanzhou Coal Mining Company Limited is engaged in the underground mining of prime quality, low-sulfur coal from its mines in Shandong Province, China and is one of China’s largest coal producers and coal exporters. Based on coal output per production employee, the company is one of the most efficient underground coal mining enterprises in China.(Press Release)”

More notable recent Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) news were published by: Marketwatch.com which released: “Yanzhou Coal Mining Co. Ltd. ADR” on December 21, 2009, also Benzinga.com with their article: “Top Performing Industries For October 5, 2016” published on October 05, 2016, Moodys.com published: “Moody’s downgrades Yanzhou Coal to B2 from Ba3; outlook negative” on April 19, 2016. More interesting news about Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) were released by: Moodys.com and their article: “Moody’s: Yanzhou Coal’s higher debt leverage in 1H 2015 is credit negative” published on September 07, 2015 as well as Moodys.com‘s news article titled: “Moody’s: Yanzhou Coal’s bond repurchase offer does not affect its ratings” with publication date: November 20, 2015.

YZC Company Profile

Yanzhou Coal Mining Company Limited, incorporated on October 25, 1997, is a coal producer in China and Australia, which is primarily engaged in the mining, washing, processing and distribution of coal through railway transportation. The Company’s divisions include Coal mining, which is engaged in underground and open-cut mining, preparation and sales of coal and potash mineral exploration; Coal railway transportation, which is engaged in the provision of railway transportation services; Methanol, electricity and heat supply, which is engaged in the production and sales of methanol and electricity and related heat supply services, and Equipment manufacturing, which is engaged in the manufacturing of coal mining and equipment. The Firm owns over 20 potash mineral exploration permits covering an aggregate area of approximately 5,363.84 square kilometers in Saskatchewan, Canada.

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