11 Best Coal Stocks to Buy According to Hedge Funds

4. Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Number of Hedge Fund Holders: 29

With significant hedge fund interest, Alpha Metallurgical Resources, Inc. (NYSE:AMR) secures a spot on our list of the 11 Best Coal Stocks to Buy According to Hedge Funds.

Alpha Metallurgical Resources, Inc. (NYSE:AMR) posted second-quarter earnings on August 8, 2025, which exceeded expectations. The company reported a per-share loss of $0.38 instead of the expected $2.38 loss. Coal sales costs dropped to $100.06 per ton, the company’s best result since 2021, because of increased operating efficiency. The company delivered 3.9 million tons and produced adjusted EBITDA of $46.1 million.

Citing diligent cost control, management reduced SG&A expectations and yearly cost guidance. With liquidity up 15% sequentially to $557 million, the board was able to resume its share buyback program following a five-quarter break. Even if the price of metallurgical coal has fallen to multi-year lows, market balance may be improved by China’s attempts to alleviate overcapacity and persistent supply disruptions worldwide. Alpha Metallurgical Resources, Inc. (NYSE:AMR) is positioned for long-term growth despite short-term volatility because of Alpha’s confirmation of progress at its Kingston Wildcat project, where the first coal is anticipated late this year.

Additionally, Lucas Pipes, a B. Riley Financial analyst, reaffirmed a ‘Buy’ rating on Alpha Metallurgical Resources on August 13, 2025, with a price target of $185.00.

With activities including mining, processing, and export logistics, Alpha Metallurgical Resources, Inc. is a top supplier of metallurgical coal used in steelmaking in the United States. It is one of the Best Coal Stocks.