5 Best Coal Mining Stocks To Invest In

2. Arch Resources, Inc. (NYSE:ARCH)

Number of Hedge Fund Holders: 44

Arch Resources, Inc. (NYSE:ARCH) offers diverse array of mining assets spread throughout multiple regions. The company specializes in metallurgical coal for steel production and thermal coal for electricity generation. Arch Resources, Inc. (NYSE:ARCH) is an attractive investment opportunity and one of the best coal stocks to invest in.

In Q4, Arch Resources, Inc. (NYSE:ARCH) recorded an adjusted EBITDA of $180 million and experienced a cash boost of $107 million. As part of its growth strategy, Arch Resources, Inc. (NYSE: ARCH) aims to expand in Asian markets because of robust coking coal market and has planned to increase cash reserves by $100 million for potential share repurchases. Arch Resources, Inc. (NYSE:ARCH) is one of the best coal mining stocks to invest in with the market capitalization of $2.9 billion.

Insider Monkey’s database tracks 44 hedge fund holders of Arch Resources, Inc. (NYSE:ARCH) as per the fourth quarter of 2023 with Len Kipp and Xavier Majic’s Maple Rock Capital being the largest position holder of the company with 507,439 shares and net worth of $84.2 million.