The stock of Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) is a huge mover today! The stock decreased 3.34% or $0.25 on November 16, hitting $7.23. About 67,892 shares traded hands or 25.35% up from the average. Yanzhou Coal Mining Co Ltd (ADR) (NYSE:YZC) has risen 22.02% since April 14, 2016 and is uptrending. It has outperformed by 17.34% the S&P500.
The move comes after 9 months negative chart setup for the $6.75B company. It was reported on Nov, 16 by Barchart.com. We have $6.87 PT which if reached, will make NYSE:YZC worth $337.50 million less.
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. Goldman Sachs upgraded the stock to “Neutral” rating in Thursday, March 24 report. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”.
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 Moodys.com with their article: “Moody’s downgrades Yanzhou Coal to B2 from Ba3; outlook negative” published on April 19, 2016, Moodys.com published: “Moody’s: Yanzhou Coal’s higher debt leverage in 1H 2015 is credit negative” on September 07, 2015. 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 bond repurchase offer does not affect its ratings” published on November 20, 2015 as well as Hellenicshippingnews.com‘s news article titled: “Yanzhou Coal Mining Company Limited Announces Annual Results 2014” with publication date: March 30, 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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