A number of other brokerages also recently weighed in on ARCH. B. Riley raised their target price on Arch Resources from $231.00 to $234.00 in a report on Wednesday, April 27th. BMO Capital Markets raised their price objective on Arch Resources from $115.00 to $140.00 in a report on Wednesday, February 16th. StockNews.com started coverage on Arch Resources in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Arch Resources from a “strong-buy” rating to a “hold” rating and set a $168.00 price objective on the stock. in a report on Tuesday, May 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Arch Resources presently has an average rating of “Buy” and an average price target of $142.17.
Shares of ARCH stock opened at $159.85 on Tuesday. The stock’s fifty day moving average price is $158.40 and its two-hundred day moving average price is $125.11. The company has a market cap of $2.47 billion, a PE ratio of 5.09 and a beta of 0.63. Arch Resources has a fifty-two week low of $49.55 and a fifty-two week high of $183.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.38 and a current ratio of 1.78.
In other Arch Resources news, VP John A. Ziegler sold 5,000 shares of Arch Resources stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $145.80, for a total transaction of $729,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP bought a new position in shares of Arch Resources in the 3rd quarter worth about $71,000. Point72 Hong Kong Ltd bought a new position in shares of Arch Resources in the 3rd quarter worth about $93,000. Arcadia Investment Management Corp MI bought a new position in shares of Arch Resources in the 4th quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Arch Resources by 89.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,118 shares of the energy company’s stock worth $193,000 after acquiring an additional 1,001 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of Arch Resources in the 3rd quarter worth about $204,000.
About Arch Resources (Get Rating)
Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
- Get a free copy of the StockNews.com research report on Arch Resources (ARCH)
- Teladoc Health Stock is Pricing Right
- DoubleVerify Holding Stock attempts a Double Bottom
- The Key Number That Explains Why CrowdStrike May Power Higher
- Two Consumer Staples With Bright Outlook For Dark Times
- Datadog: A Unicorn Cloud Stock
Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.