Analysts Are Recommending These 5 Commodity Stocks

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

Number of Hedge Fund Holders: 30

Headquartered in Bristol, Tennessee, Alpha Metallurgical Resources, Inc. (NYSE:AMR) is a thermal coal mining company with primary operational sites located in Virginia and West Virginia. 

Alpha Metallurgical Resources, Inc. (NYSE:AMR) published solid Q4 results on March 7, posting earnings per share of $13.45, above market estimates by $2.01. Revenue for the period came in at $828.22 million, outperforming analysts’ predictions by $102.47 million. 

On March 10, B. Riley analyst Lucas Pipes upgraded Alpha Metallurgical Resources, Inc. (NYSE:AMR) to Buy from Neutral with a price target of $155, up from $143, implying 28% upside. The analyst noted Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s impressive operational execution over the past several months and believes the company is set up for a “significantly improved” 2022. The Russia/Ukraine crisis has allowed pricing upside and Alpha Metallurgical Resources, Inc. (NYSE:AMR) expects to have ample exposure to the record high met coal markets, the analyst told investors in a bullish case for the stock.

Alta Fundamental Advisers is the largest stakeholder of Alpha Metallurgical Resources, Inc. (NYSE:AMR), with more than 1 million shares worth approximately $64 million. Overall, 30 hedge funds were long Alpha Metallurgical Resources, Inc. (NYSE:AMR) in Q4 2021.