Alpha Metallurgical Resources (NASDAQ:AMR) Reaches New 1-Year High at $55.04

Alpha Metallurgical Resources, Inc. (NASDAQ:AMR) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.04 and last traded at $54.69, with a volume of 2215 shares trading hands. The stock had previously closed at $52.22.

A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Alpha Metallurgical Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. B. Riley upped their price target on Alpha Metallurgical Resources from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 2nd.

The company has a debt-to-equity ratio of 3.46, a current ratio of 1.72 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $33.54 and a two-hundred day simple moving average of $22.62. The company has a market cap of $1.01 billion, a PE ratio of -4.34 and a beta of 1.63.

Alpha Metallurgical Resources (NASDAQ:AMR) last issued its quarterly earnings data on Friday, August 6th. The company reported ($1.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.71). Alpha Metallurgical Resources had a negative net margin of 14.65% and a negative return on equity of 79.93%. The firm had revenue of $395.28 million during the quarter, compared to analysts’ expectations of $386.00 million. As a group, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 3.16 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sun Life Financial INC purchased a new stake in shares of Alpha Metallurgical Resources during the first quarter worth approximately $31,000. DG Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the second quarter worth approximately $137,000. Wells Fargo & Company MN raised its stake in shares of Alpha Metallurgical Resources by 49.8% during the second quarter. Wells Fargo & Company MN now owns 6,615 shares of the company’s stock worth $169,000 after purchasing an additional 2,199 shares during the last quarter. Royal Bank of Canada purchased a new stake in shares of Alpha Metallurgical Resources during the first quarter worth approximately $111,000. Finally, LMR Partners LLP raised its stake in shares of Alpha Metallurgical Resources by 5.4% during the second quarter. LMR Partners LLP now owns 11,208 shares of the company’s stock worth $287,000 after purchasing an additional 579 shares during the last quarter. Institutional investors own 61.93% of the company’s stock.

Alpha Metallurgical Resources Company Profile (NASDAQ:AMR)

Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.

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