NewEdge Advisors LLC Buys 17,203 Shares of Core Natural Resources, Inc. $CNR

NewEdge Advisors LLC lifted its stake in shares of Core Natural Resources, Inc. (NYSE:CNR) by 112.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 32,523 shares of the energy company’s stock after buying an additional 17,203 shares during the period. NewEdge Advisors LLC’s holdings in Core Natural Resources were worth $3,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CNR. Triumph Capital Management bought a new stake in Core Natural Resources during the third quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after buying an additional 191 shares in the last quarter. CWM LLC increased its holdings in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares during the period. First Horizon Corp increased its holdings in Core Natural Resources by 97.6% in the 1st quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after buying an additional 165 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Core Natural Resources in the 4th quarter valued at about $38,000. Institutional investors own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CNR. UBS Group cut their price target on shares of Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $112.50.

Core Natural Resources Stock Up 1.1%

Shares of NYSE CNR opened at $94.76 on Thursday. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 47.62 and a beta of 0.14. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. Core Natural Resources, Inc. has a 12 month low of $68.78 and a 12 month high of $114.80. The stock has a 50-day moving average price of $84.84 and a two-hundred day moving average price of $89.73.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $1.91. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. As a group, analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be given a $0.10 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Core Natural Resources’s dividend payout ratio (DPR) is currently 20.10%.

Core Natural Resources Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.