Arch Resources, Inc. (NYSE:ARCH) Director James N. Chapman Buys 1,000 Shares

Arch Resources, Inc. (NYSE:ARCHGet Rating) Director James N. Chapman purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average cost of $123.10 per share, with a total value of $123,100.00. Following the completion of the purchase, the director now directly owns 3,224 shares in the company, valued at approximately $396,874.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arch Resources Trading Down 2.6 %

Shares of NYSE:ARCH opened at $125.81 on Tuesday. Arch Resources, Inc. has a 12-month low of $59.51 and a 12-month high of $183.53. The business’s fifty day simple moving average is $150.55 and its 200-day simple moving average is $141.90. The company has a market capitalization of $1.95 billion, a PE ratio of 2.57 and a beta of 0.55. The company has a current ratio of 2.48, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ARCH. Denali Advisors LLC purchased a new position in shares of Arch Resources in the 2nd quarter valued at $29,000. Strs Ohio purchased a new position in shares of Arch Resources in the 2nd quarter valued at $42,000. Arcadia Investment Management Corp MI purchased a new position in shares of Arch Resources in the 4th quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Arch Resources by 89.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,118 shares of the energy company’s stock worth $193,000 after buying an additional 1,001 shares during the last quarter. Finally, Centiva Capital LP purchased a new position in Arch Resources during the 4th quarter worth $210,000.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several research reports. B. Riley reduced their price objective on Arch Resources from $234.00 to $221.00 in a report on Friday. Jefferies Financial Group upgraded Arch Resources from a “hold” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $225.00 in a report on Tuesday, June 7th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $149.40.

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.

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