In this article, we will take a look at the 5 best coal mining stocks to invest in. To see more such companies, go directly to 11 Best Coal Mining Stocks To Invest In.
5. Warrior Met Coal, Inc. (NYSE:HCC)
Number of Hedge Fund Holders: 25
Warrior Met Coal, Inc. (NYSE:HCC) is a US-based socially and environmentally conscious supplier to the global steel industry that exclusively focuses on non-thermal metallurgical coal. Renowned for its cost-effective premium quality production of hard-rocking coal, it caters to the needs of steel producers globally and stands out as one of the best coal stocks.
2023 proved to be a very promising year for Warrior Met Coal, Inc. (NYSE:HCC). The fourth quarter and 2023 full-year report shows it recorded 34% increase in sales volumes and a 21% increase in production volumes along with the record high production at Mine 4 of 2.5 million short tons.
Insider Monkey’s Q4 database shows that Brad Dunkley and Blair Levinsky’s Waratah Capital Advisors is the largest stakeholder of Warrior Met Coal, Inc. (NYSE:HCC) with 1.2 million shares worth $70.8 million. Warrior Met Coal, Inc. (NYSE:HCC) was reported to have 25 hedge fund investors out of 933 according to Insider Monkey’s track record.
Along with BHP Group Limited (NYSE: BHP) and Alpha Metallurgical Resources, Inc. (NYSE: AMR), Warrior Met Coal, Inc. (NYSE: HCC) is a notable and premier choice to make among the best coal mining stocks to invest.
4. CONSOL Energy Inc. (NYSE:CEIX)
Number of Hedge Fund Holders: 29
Headquartered in Canonsburg, Pennsylvania, CONSOL Energy Inc. (NYSE: CEIX) is a producer of high-BTU bituminous thermal coal in the US. The firm has made significant contributions to the nation’s energy needs by providing roughly 33% of its power supply.
CONSOL Energy Inc. (NYSE:CEIX) 2023 sales in export market accounted for almost 70% of total recurring revenues and other income. As of Insider Monkey’s database at the end of Q4 last year shows David Einhorn’s Greenlight Capital as the largest stakeholder in the company with 2.1 million shares having a net worth of $211.7 million.
CONSOL Energy Inc. (NYSE:CEIX) serves both domestic and export markets by producing two types of coal products i.e. thermal and metallurgical coal. As a result of company’s strategy of aggressive stock repurchases and dividends, the overall increase in shareholder’s value makes CONSOL Energy a compelling choice among the list of best coal mining stocks to invest in.
3. Peabody Energy Corporation (NYSE:BTU)
Number of Hedge Fund Holders: 35
Peabody Energy Corporation (NYSE:BTU) was founded in 1883 and is headquartered in Saint Louis, Missouri. It is known to be the largest private sector coal company in the world and serves customers in more than 25 countries.
Peabody Energy Corporation’s (NYSE:BTU) provides its services globally through its Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal, and Corporate and Other segments. It reported Q4 earnings of $1.33 per diluted share and revenue of $1.24 billion for the quarter ended Dec. 31, 2023.
The last quarter records of Insider Monkey’s database show that 35 hedge funds were held by Peabody Energy Corporation (NYSE:BTU) out of 933 with Paul Singer’s Elliott Management being the largest stakeholder of the company amounting to 13.2 million shares that were worth $319.9 million.
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.
1. Teck Resources Limited (NYSE:TECK)
Number of Hedge Fund Holders: 68
Teck Resources Limited (NYSE:TECK) is a Canadian based diversified resource company devoted to responsible mining and mineral development with business units specializing in copper, zinc, and steel making coal.
Teck Resources Limited (NYSE:TECK) recorded an adjusted EBITDA of $1.7 billion in Q4 driven by high steelmaking coal and copper prices. Shareholder returns totaled $765 million in 2023 through buybacks and dividends which allures many investors to pursue Teck Resources Limited (NYSE:TECK) as a compelling choice from the list of best coal mining stocks to invest in.
As Q4 2023, 68 hedge funds out of 933 tracked by Insider Monkey’s database held funds in the company with Eric W. Mandelblatt’s Soroban Capital Partners as the largest stakeholder with 8.8 million shares that valued at $371.8 million.
Disclosure: None. You can also take a look at 10 Largest Cobalt Mining Companies and Their Mines in the World and 20 Most Valuable Mining Companies in the World.
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