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 on Tuesday. The firm currently has a $12.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 20.12% from the company’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) “

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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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