Several other brokerages have also commented on ARCH. B. Riley cut their price target on shares of Arch Resources from $221.00 to $207.00 in a report on Tuesday. BMO Capital Markets increased their price target on shares of Arch Resources from $150.00 to $185.00 in a research report on Friday, October 28th.
Arch Resources Stock Performance
ARCH opened at $138.77 on Thursday. Arch Resources has a fifty-two week low of $86.50 and a fifty-two week high of $183.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.95 and a current ratio of 2.49. The company has a fifty day moving average of $145.48 and a 200 day moving average of $142.01. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 2.63 and a beta of 0.71.
Institutional Investors Weigh In On Arch Resources
A number of institutional investors have recently made changes to their positions in ARCH. Denali Advisors LLC bought a new position in Arch Resources during the 2nd quarter worth $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Arch Resources in the second quarter valued at $32,000. Ronald Blue Trust Inc. purchased a new stake in shares of Arch Resources during the fourth quarter valued at $33,000. HBK Sorce Advisory LLC purchased a new stake in shares of Arch Resources during the third quarter valued at $39,000. Finally, CENTRAL TRUST Co acquired a new position in Arch Resources during the third quarter valued at $39,000. 88.71% of the stock is currently owned by institutional investors.
About Arch Resources
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)
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