On Alpha Metallurgical Resources (NYSE: AMR), B.Riley analyst Lucas N. Pipes maintained a Buy rating and set a price objective of $189.00 for the stock.
The company Alta Mesa Resources (NYSE: AMR) reported profits per share for the first quarter of $20.52 on May 5, 2022. That was $1.48 better than the average projection of $19.04 per share. In addition, the revenue for the quarter came in at $1.07 billion, which was much higher than the projection of $944.95 million among experts.
This company is engaged in the exploration and production of metallurgical grade ferronickel. Metallic nickel is used in manufacturing stainless steel, catalytic converters, and other industrial applications. Metallic nickel has been in high demand due to a surge in the auto industry. The company’s properties are in the Northwest and Southwest U.S. Alpha’s assets are located in the U.S. and are expected to generate meaningful profitability. The company has a strong asset base and solid growth prospects.
Alpha has an enterprise value of $2.63 billion. The stock has a dividend yield of 1.57%. The risk profile of this company is Medium.