10 Best Coal Stocks to Invest in Right Now

4. Alpha Metallurgical Resources Inc (NYSE:AMR)

Number of Hedge Fund Investors: 32

Alpha Metallurgical Resources Inc (NYSE:AMR) is a mining company that produces, processes and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. The share has been experiencing a downtrend in the last few months but is available at a trailing 12-month EPS multiple of 6.93.

The latest result has disappointed with Net Income down 96% y-o-y even though the revenue was in line with analyst expectations. The global headwinds that include slow growth in China have been the driving force for low growth, coal pricing could turn favorable soon as global demand picks up. AMR has historically delivered high returns to its shareholders and has maintained a robust cash flow. The buyback has also been stalled due to unfavorable business conditions. One should expect the returns to improve further once the buyback commences. The capital position of the leading producer of metallurgical coal is also strong and would enable AMR to proceed with its capex plans for 2025.