Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alpha Metallurgical Resources Inc before investing.

In this article, we go over a few key elements for understanding Alpha Metallurgical Resources Inc’s stock price such as:

• Alpha Metallurgical Resources Inc’s current stock price and volume
• Why Alpha Metallurgical Resources Inc’s stock price changed recently
• Upgrades and downgrades for AMR from analysts
• AMR’s stock price momentum as measured by its relative strength

About Alpha Metallurgical Resources Inc (AMR)

Before we jump into Alpha Metallurgical Resources Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Alpha Metallurgical Resources, Inc. is a mining company with operations across Virginia and West Virginia. The Company supplies metallurgical products to the steel industry. Its portfolio of mining operations consists of about 15 underground mines, seven surface mines and nine coal preparation plants. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities. It conducts mining operations only in the United States with mines in Central Appalachia. The Company operates in one segment: Met, which consists of five active mines and two preparation plants in Virginia, 17 active mines and six preparation plants in West Virginia, as well as expenses associated with certain idled/closed mines. The Met segment operations consist of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch. It ships met coal to domestic and international steel and coke producers.

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Alpha Metallurgical Resources Inc’s Stock Price as of Market Close

As of July 05, 2024, 4:00 PM, CST, Alpha Metallurgical Resources Inc’s stock price was $303.94.

Alpha Metallurgical Resources Inc is down 5.25% from its previous closing price of $320.78.

During the last market session, Alpha Metallurgical Resources Inc’s stock traded between $320.24 and $334.72. Currently, there are 13.00 million shares of Alpha Metallurgical Resources Inc stock available for purchase.

Alpha Metallurgical Resources Inc’s price-earnings (P/E) ratio is currently at 7.8, which is low compared to the Metals & Mining - Iron & Steel industry median of 11.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alpha Metallurgical Resources Inc Stock Price History

Alpha Metallurgical Resources Inc’s (AMR) price is currently up 8.34% so far this month.

During the month of July, Alpha Metallurgical Resources Inc’s stock price has reached a high of $334.72 and a low of $298.84.

Over the last year, Alpha Metallurgical Resources Inc has hit prices as high as $452.00 and as low as $151.24. Year to date, Alpha Metallurgical Resources Inc’s stock is up 107.62%.

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What Caused Alpha Metallurgical Resources Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 03, 2024, there were 2 analysts who downgraded Alpha Metallurgical Resources Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alpha Metallurgical Resources Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alpha Metallurgical Resources Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alpha Metallurgical Resources Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alpha Metallurgical Resources Inc (AMR) by visiting AAII Stock Evaluator.

Relative Price Strength of Alpha Metallurgical Resources Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 03, 2024, Alpha Metallurgical Resources Inc has a weighted four-quarter relative price strength of 11.61%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

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Alpha Metallurgical Resources Inc Stock Price: Bottom Line

As of July 5, 2024, Alpha Metallurgical Resources Inc’s stock price is $303.94, which is down 5.25% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alpha Metallurgical Resources Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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