Westmoreland Coal (WLB) Trading Up 4.5%
Shares of Westmoreland Coal (NASDAQ:WLB) were up 4.5% on Friday . The stock traded as high as $1.68 and last traded at $1.38. Approximately 348,600 shares traded hands during trading, an increase of 30% from the average daily volume of 269,133 shares. The stock had previously closed at $1.32.
Several analysts recently weighed in on WLB shares. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Westmoreland Coal currently has a consensus rating of “Hold” and a consensus price target of $6.00.
The company has a debt-to-equity ratio of -1.32, a quick ratio of 0.71 and a current ratio of 1.04. The stock has a market cap of $27.18, a price-to-earnings ratio of -0.24 and a beta of 0.66.
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About Westmoreland Coal
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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