MarketGrader continues to uphold the ‘buy’ rating on Whitehaven Coal (ASX:WHC).

Previously, Whitehaven Coal forecasted its coal output for 2024 to fall between 18.7 million metric tons and 20.7 million metric tons, which is a notable increase from the previous year’s 18.2 million metric tons.

However, this is still below a Visible Alpha estimate of 21.6 million tons, as stated by Barrenjoey.

‘Despite its recent slip in operating profits, the company has recently raised its dividend payout pretty substantially, underscoring its strong, ongoing commitment to return cash to its shareholders,’ MarketGrader points out.

The firm also commented that the company’s profitability indicators are noteworthy, reflecting the excellent health of Whitehaven Coal’s business.

Meanwhile, the shares of the company have dipped 31.2% YTD, as per the latest closure.

Whitehaven Coal is a leading coal producer aiming to efficiently and sustainably use natural resources.