#5 - Alpha Metallurgical Resources (NYSE:AMR)
Alpha Metallurgical Resources Inc. (NYSE: AMR) is an acquisition target that’s part of the ongoing Trump trade. The pure-play coal mining company produces, processes, and sells met coal which is needed to make steel as well as thermal coal.
However, it’s the company’s focus on met coal that may drive interest in a takeover. That’s because met coal is needed in steel manufacturing. However, that’s been a double-edged sword in 2024. That was expressed in a weak earnings report that showed revenue and earnings both coming in sharply below the prior year's numbers and analysts’ expectations.
The results aside, Alpha Metallurgical continues to have a strong balance sheet with little debt. It’s also in the early stages of a stock buyback program. The company does have competitors in the space, but it is the leader in mining at scale.
Analysts give AMR stock a Moderate Buy rating with a $336 consensus price target that would offer investors 36% upside.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.
Read More - Current Price
- $246.88
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $336.00 (36.1% Upside)
