Alpha Metallurgical Resources (AMR:NYE) is set to release its quarterly earnings report on February 23rd, with analysts expecting the company to report earnings of $15.56 per share.
AMR Stock Price Analysis:
As of February 16th, AMR stock opened at $167.20, and the company has a market cap of $2.67 billion, a P/E ratio of 2.14, and a beta of 1.28.
The company’s fifty-day moving average is $155.05, while its two-hundred-day moving average is $153.44. In the past year, the AMR stock has ranged from a low of $83.20 to a high of $186.98.
Hedge Funds & Institutional Holdings:
Several large investors have made changes to their positions in AMR in recent months. Toroso Investments LLC acquired a new position in the company in the fourth quarter, while Schonfeld Strategic Advisors LLC increased its stake by 228.9%.
Squarepoint Ops LLC also acquired a new position in Alpha Metallurgical Resources in the fourth quarter. Legal & General Group Plc lifted its stake by 4.7%, and Mackenzie Financial Corp increased its stake by 20.6%.
Institutional investors and hedge funds currently own 81.21% of the AMR stock.
AMR Stock-Analyst Ratings:
A number of equities analysts have weighed in on Alpha Metallurgical Resources, with Cowen reducing their price objective on the stock from $215.00 to $200.00 and setting an “outperform” rating.
B. Riley, on the other hand, raised their price objective from $193.00 to $202.00 in a research note, while Cowen also cut their price target on the stock to $215.00 in a separate research note. Wall Street analysts are forecasting growth for the company.
Alpha Metallurgical Resources, Inc., a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities.
The company was formerly known as Contura Energy, Inc. and changed its name to Alpha Metallurgical Resources, Inc. in February 2021. Alpha Metallurgical Resources, Inc. was incorporated in 2016 and is headquartered in Bristol, Tennessee.