5 Mining Stocks with Heavy Insider Buying in 2024

Page 5 of 5

1. Arch Resources Inc (NYSE:ARCH)

Number of Hedge Fund Investors: 44

Missouri-based coal mining and processing company Arch Resources Inc (NYSE:ARCH) ranks first in our list of the top mining stocks with recent insider purchases in 2024 because it has the highest number of hedge fund investors among the list of mining stocks that saw recent insider purchases. On March 13, Pamela R Butcher, one of the board members of Arch Resources Inc (NYSE:ARCH), bought 200 shares of Arch Resources Inc (NYSE:ARCH) at $165.00 per share. Since then through March 22 the stock has lost about 1.7% in value.

Arch Resources Inc (NYSE:ARCH) saw a spike in hedge fund sentiment in the last quarter of 2023, as 44 funds tracked by Insider Monkey reported owning stakes in Arch Resources Inc (NYSE:ARCH) at the end of the period, significantly up from 33 funds in the previous quarter.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 12 Cheapest Stocks in Warren Buffett’s Portfolio for 2024 and the 16 Best Financial Stocks To Buy According to Hedge Funds.

Page 5 of 5