Alpha Metallurgical Resources

AMR · NYSE

$158.81−$1.28 (−0.80%)TodayMarket closed · Oct 20, 7:48 PM ET

Prev close $160.09

AMR analyst rating

HoldConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold3
Underperform0
Sell0

12-month price target · 5 analysts

Average $182.32 (+14.8% upside)

Low: $161.60
Now: $158.81
High: $204.75

Upgrades and downgrades

The latest rating actions, newest first

AMR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 8, 2026	Maintains	Neutral	$160.00 → $180.00	78%
B. Riley Securities	Aug 20, 2026	Maintains	Neutral	$189.00 → $185.00	33%
B. Riley Securities	Jul 28, 2026	Maintains	Neutral	$194.00 → $189.00	33%
UBS	Jul 10, 2026	Initiates	Neutral	$165.00	78%
B. Riley Securities	Mar 5, 2026	Maintains	Neutral	$203.00 → $207.00	33%
B. Riley Securities	Feb 4, 2026	Downgrade	Buy → Neutral	$204.00 → $203.00	33%
Jefferies	Jan 20, 2026	Maintains	Hold	$165.00 → $205.00	75%

The case for and against

Updated Apr 3, 2025

Bull case

Alpha Metallurgical Resources Inc. has demonstrated substantial liquidity improvement, with total liquidity rising by $150 million quarter-over-quarter, reaching $507 million, alongside an increase in net cash from $328 million to $478 million. The company is positioned to enhance its metallurgical coal shipments by approximately 0.2 million tons, potentially landing at the higher end of its annual shipment guidance, while its adjusted EBITDA estimate has been revised upwards by $12 million to $602 million. Furthermore, the firm has made significant strides in reducing operational costs, aided by improved weather conditions and increased sales, strengthening its cost structure and balance sheet in a challenging market environment.

Bear case

Alpha Metallurgical Resources Inc. is facing a significant downturn in adjusted EBITDA estimates, with projections for 4Q declining from $126 million to $90 million and further to $47 million due to a lower met price deck. The company's full-year adjusted EBITDA estimate has also been revised down from $532 million to $450 million, primarily driven by underperformance in met coal realization per ton and higher-than-expected costs per ton. Adverse weather and challenging mining conditions have compounded these issues, resulting in lower domestic sales and reduced pricing on exports, contributing to a negative outlook for the company.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.