Up 370% Year to Date, is Alpha Metallurgical Resources Still a Buy?

Investing.com | Sep 13, 2021 at 10:05 AM
  • Shares of leading mining company Alpha Metallurgical Resources (AMR) have gained a whopping 370.6% so far this year on the back of a favorable pricing environment and its significant capital investment to meet customer demands.
  • Let’s discuss.Tennessee-based mining company Alpha Metallurgical Resources, Inc. (AMR) processes and sells metallurgical (met) coal and thermal coal in Virginia and West Virginia.
  • Although an improved pricing environment has helped strengthen AMR’s Met business, its heavy debt load and decreased cash balance due to inventory build could limit AMR’s growth.