Core Natural Resources, Inc. (NYSE:CNR) Receives Consensus Rating of “Moderate Buy” from Analysts

Core Natural Resources, Inc. (NYSE:CNR) has garnered a consensus recommendation of “Moderate Buy” from the six analysts currently covering the company, according to recent reports. Of these analysts, two have assigned a hold rating, while four others have given the stock a buy rating. The average target price set by brokerages over the past year stands at $147.17.

The stock has been addressed in several analyst reports recently. B. Riley reduced their price target for shares of Core Natural Resources from $140.00 to $136.00 while maintaining a “buy” rating. This change was announced in a research report released on Monday. In contrast, Piper Sandler upgraded their rating from “neutral” to “overweight,” while also lowering their price target from $165.00 to $150.00 in another report dated January 6th.

Jefferies Financial Group followed suit, upgrading the stock from a “hold” to a “buy” rating, and simultaneously adjusted their price target from $165.00 to $150.00 on the same date. StockNews.com initiated coverage of Core Natural Resources with a “hold” rating in a report published on January 30th. Lastly, Benchmark reaffirmed a “buy” rating and set a price target of $112.00 for the stock in a report released on Tuesday.

Current Trading and Financial Performance

As of this past Friday, shares of Core Natural Resources were trading at $74.17. The stock has seen a low of $73.09 and a high of $134.59 over the past year. Core Natural Resources holds a market capitalization of $2.18 billion, with a PE ratio of 7.72 and a beta coefficient of 1.74. The company has a 50-day moving average at $123.12 and a 200-day moving average at $136.57. Financial metrics show a quick ratio of 1.16, a current ratio of 1.38, and a debt-to-equity ratio of 0.05.

On February 20th, Core Natural Resources announced its latest quarterly earnings results, reporting earnings per share (EPS) of $3.07, which exceeded analysts' expectations of $1.63 by a substantial margin of $1.44. The company generated revenues of $595.29 million for the quarter, outpacing analysts' forecasts of $493.50 million. Additionally, Core Natural Resources reported a return on equity amounting to 23.87% and a net profit margin of 12.81%. Analysts are projecting an average EPS of 11.4 for the current year.

Dividend Announcement

In recent news, Core Natural Resources has declared a quarterly dividend, scheduled for payment on March 17th. Shareholders recorded as of March 3rd will receive a dividend of $0.10 per share, with the ex-dividend date also set for March 3rd. This dividend represents an annualized amount of $0.40, yielding 0.54%. At present, Core Natural Resources has a payout ratio of 4.16%.

Institutional Investments in Core Natural Resources

Recently, a number of large institutional investors have adjusted their positions in shares of Core Natural Resources. For instance, GAMMA Investing LLC increased their stake by an impressive 340.5% during the fourth quarter, amassing ownership of 185 shares valued at approximately $26,000 after acquiring an additional 143 shares. EverSource Wealth Advisors LLC also purchased a new stake in Core Natural Resources valued at about $26,000.

Moreover, Fortitude Family Office LLC expanded its holdings by 63.8% in the fourth quarter, bringing their total to 267 shares worth an estimated $28,000, following the purchase of an additional 104 shares. Smartleaf Asset Management LLC boosted its stake by 82.0%, now holding 222 shares valued at $31,000 after acquiring 100 shares.

Lastly, Jones Financial Companies Lllp saw a significant increase in their investments, growing their stake by 226.7% to own 245 shares worth $35,000 after buying an additional 170 shares. Collectively, institutional investors hold about 86.54% of Core Natural Resources' stock.

About Core Natural Resources

Core Natural Resources, Inc. operates, along with its subsidiaries, in the production and sale of bituminous coal, both domestically and internationally. The company operates through two primary segments: the Pennsylvania Mining Complex (PAMC) and the CONSOL Marine Terminal. The PAMC segment focuses on the mining, preparation, and marketing of bituminous coal to various end-users including power generators, industrial clients, and metallurgical customers.

Core, Analysts, Investment