#5 - Alpha Metallurgical Resources (NYSE:AMR)
Alpha Metallurgical Resources Inc. (NYSE: AMR), a pure-play coal mining company, has become an acquisition target amid the ongoing Trump trade. The company produces, processes, and sells both metallurgical coal (essential for steel production) and 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, this has been a double-edged sword in 2024, as evidenced by the company’s weak earnings report, with both revenue and earnings falling well short of the previous year’s figures 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
- $186.53
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $336.00 (80.1% Upside)
