Arch Resources (NYSE:ARCH) PT Lowered to $221.00

Arch Resources (NYSE:ARCH – Get Rating) had its target price lowered by B. Riley from $234.00 to $221.00 in a research report sent to investors on Friday morning, The Fly reports.

Other research analysts also recently issued research reports about the company. StockNews.com assumed coverage on Arch Resources in a research note on Thursday, March 31st. They issued a buy rating for the company. Jefferies Financial Group raised Arch Resources from a hold rating to a buy rating and upped their price objective for the company from $160.00 to $225.00 in a research note on Tuesday, June 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $149.40.

Arch Resources Stock Down 2.6 %

ARCH stock opened at $125.81 on Friday. The stock has a market capitalization of $1.95 billion, a P/E 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. Arch Resources has a 12 month low of $59.51 and a 12 month high of $183.53. The firm has a 50-day moving average price of $150.55 and a 200-day moving average price of $141.90.

Insider Buying and Selling at Arch Resources

In other news, Director James N. Chapman bought 1,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was acquired at an average price of $123.10 per share, with a total value of $123,100.00. Following the transaction, the director now owns 3,224 shares of the company’s stock, valued at approximately $396,874.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 8.00% of the company’s stock.

Institutional Trading of Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. Denali Advisors LLC acquired a new stake in Arch Resources during the 2nd quarter valued at approximately $29,000. Strs Ohio acquired a new stake in shares of Arch Resources during the 2nd quarter worth approximately $42,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Arch Resources during the 4th quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 period. Finally, Centiva Capital LP acquired a new stake in shares of Arch Resources during the 4th quarter worth approximately $210,000.

Arch Resources Company Profile

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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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