Yanzhou Coal Mining Co Ltd (YZCAY) Rating Increased to Buy at Zacks Investment Research
Yanzhou Coal Mining Co Ltd (NASDAQ:YZCAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a $11.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 4.96% from the stock’s current price.
According to Zacks, “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) “
Shares of Yanzhou Coal Mining Co (YZCAY) traded up 0.76% during mid-day trading on Wednesday, reaching $10.56. 10,412 shares of the company’s stock traded hands. Yanzhou Coal Mining Co has a 12-month low of $5.94 and a 12-month high of $10.59. The stock has a market cap of $5.19 billion and a PE ratio of 10.06.
About Yanzhou Coal Mining Co
Yanzhou Coal Mining Company Limited 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 segments 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.
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