B. Riley Securities Maintains Buy Rating for Alpha Metallurgical: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Alpha Metallurgical AMR and raise its price target from $199.00 to $254.00.

Shares of Alpha Metallurgical are trading up 6.49% over the last 24 hours, at $261.17 per share.

A move to $254.00 would account for a 2.75% decrease from the current share price.

About Alpha Metallurgical

Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. 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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.