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.
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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