James River Coal (JRCC) Initiated with Coverage by Deutsche Bank

James River Coal (JRCC) is now being covered by research analysts at Deutsche Bank.  JRCC has been given an initial price target of $27 dollars and given a Buy rating.

The company is slated to release their upcoming earnings report on August 8, 2011.  JRCC is trending in between its 50 & 200-day moving averages.  The yearly high for JRCC is $27.05 with the low being $14.44.  The company has a market cap of $579,000,000 with 27,779,000 shares outstanding.

James River Coal (JRCC) processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries (“mining complexes”) located throughout eastern Kentucky and in southern Indiana.  As of December 31, 2010, their six mining complexes included 18 underground mines, 9 surface mines and 10 preparation plants, five of which have integrated rail loadout facilities and three of which use a common loadout facility at a separate location.