Latest news with #CoreNaturalResources
Yahoo
05-07-2025
- Business
- Yahoo
New Strong Sell Stocks for July 3rd
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Adecoagro S.A. AGRO is an agro-industrial company. The Zacks Consensus Estimate for its current year earnings has been revised 12.5% downward over the last 60 days. Barings BDC, Inc. BBDC is an investment company. The Zacks Consensus Estimate for its current year earnings has been revised 4.6% downward over the last 60 days. Core Natural Resources, Inc. CNR is a metallurgical and thermal coal company. The Zacks Consensus Estimate for its current year earnings has been revised 44.4% downward over the last 60 days. View the entire Zacks Rank #5 List. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adecoagro S.A. (AGRO) : Free Stock Analysis Report BARINGS BDC, INC. (BBDC) : Free Stock Analysis Report Core Natural Resources, Inc. (CNR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-06-2025
- Business
- Yahoo
Why Core Natural Resources Stock Topped the Market Today
The company provided an update of the longwall operations at one of its mines. This followed a shutdown arising from what it called "a combustion-related event." 10 stocks we like better than Core Natural Resources › A business update provided by Core Natural Resources' (NYSE: CNR) provided plenty of energy for its stock on Monday. Shares of the coal miner popped by nearly 3% that day as a result and make the stock look rather good when comparing its performance to the 0.5% lift of the S&P 500 index Core provided an update on its longwall operations at the Leer South mine in West Virginia. For those unfamiliar, longwall mining is a modern extraction method in which a long face of coal is mined in one single, large slice by a specialty machine called a shearer. The company said that it has shut the mine for the second time, following a closure at the start of this year due to what it termed "combustion-related activity." Earlier this month, Core officials reentered the sealed area of the facility, finding that the longwall equipment was "largely unaffected" by the event. In its press release on the matter, Core said that an increase in carbon monoxide levels necessitated the second shutdown. It added that it "is working closely with federal and state officials on a plan to recover and reposition the longwall equipment in an effort that is expected to be completed within four months." While investors surely weren't happy about Leer South's continuing difficulties, they were comforted by Core's assertion that the problems shouldn't affect overall mining volume of a key product. In the press release, the company reiterated its full-year coking sales volume forecast. It pledged to update this in its second-quarter earnings release, scheduled for August. A mine shutdown is a concerning event, so even with that guidance remaining unchanged the situation at Leer South could be better (to put it gently). I'm not so sure I'd be racing to buy Core stock these days. Before you buy stock in Core Natural Resources, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Core Natural Resources wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Core Natural Resources Stock Topped the Market Today was originally published by The Motley Fool
Yahoo
24-06-2025
- Business
- Yahoo
Core Natural Resources, Inc. (CNR): A Bull Case Theory
We came across a bullish thesis on Core Natural Resources, Inc. (CNR) on The Coal Trader's Substack. In this article, we will summarize the bulls' thesis on CNR. Core Natural Resources, Inc. (CNR)'s share was trading at $71.46 as of 11th June. CNR's trailing P/E was 14.76 according to Yahoo Finance. A large coal mining complex on a sunny day, with heavy machinery moving vast amounts of earth. Core Natural Resources (CNR) has faced a challenging six months amid falling met and thermal coal prices, merger-related disruptions, and a costly outage at Leer South. Despite these headwinds, analysts like UBS have recently initiated coverage with a Buy rating and a price target of $80 per share, lending momentum to the stock, which has remained largely rangebound since April. This aligns with the view that CNR offers a compelling long-term opportunity, even if near-term catalysts are limited. Notably, UBS's endorsement struck a chord with investors because CNR stands out as the only coal producer actively repurchasing shares at the bottom of the cycle—an important signal of management's confidence in intrinsic value. This point had previously been overlooked despite existing Buy ratings from B. Riley and Benchmark with higher targets exceeding $100 per share. While Q1 was weak, posting negative EBITDA and free cash flow, this appears to be a temporary trough. A recovery in coal pricing, combined with the restart of Leer South, is expected to restore profitability. Management's capital return strategy, including a planned share buyback program, further strengthens the investment case. Moreover, one-time drags from the prior quarter—including $50 million in merger fees, $13 million in executive compensation, and over $10 million in losses tied to Leer South—will not recur, improving the outlook for future quarters. As updated models are finalized, the early valuation math already suggests substantial free cash flow upside once market conditions normalize, supporting the case for accumulating CNR at current levels. We previously covered a on Natural Resource Partners (NRP), which emphasized its royalty-driven model, lean cost structure, and 15–20% yield potential even amid depressed coal pricing. A similar long-term optimism underpins the case for Core Natural Resources (CNR), though it presents a more operationally leveraged bet. While NRP benefits from capital-light stability and downside protection, CNR offers greater upside torque tied to a recovery in met coal pricing and operational normalization at Leer South. Both reward patient capital, but CNR's equity buybacks signal a more aggressive posture versus NRP's predictable cash flow play. Core Natural Resources, Inc. (CNR) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held CNR at the end of the first quarter which was 39 in the previous quarter. While we acknowledge the risk and potential of CNR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
13-06-2025
- Business
- Yahoo
Why Core Natural Resources Stock Zoomed 6% Higher on Wednesday
The company's shares are now in the coverage universe of a busy European bank. It initiated coverage with a buy recommendation. 10 stocks we like better than Core Natural Resources › Coal producer Core Natural Resources (NYSE: CNR) had a banner Wednesday on the stock exchange, rising by more than 6% across that day's trading session. The market was a reaction to an analyst's initiation of coverage on the stock, and his bullish evaluation of its prospects. Core's stock gain was in marked contrast to the S&P 500's (SNPINDEX: ^GSPC) trajectory; the index slipped by 0.3% Wednesday. The initiating party was Swiss bank UBS, in the person of analyst Myles Allsop. Before market open that day, Allsop launched his Core stock coverage with a buy recommendation and a price target of $80 per share. That anticipates upside of almost 12% on the stock's current level. The UBS pundit considers Core to be a relatively high-quality miner with an admirable degree of diversification in its business, according to reports. He also expressed admiration about what he considers to be the company's robust balance sheet (chiefly, its $38 million net cash position) and a good pricing model. Allsop also pointed to Core's ability to generate over $500 million in free cash flow (FCF), which, among other items, allows management to support the stock with a generous, $1 billion share buyback program. I'd agree with the analyst that Core has numerous positive factors going for it. However, despite the resurgent popularity these days of traditional energy sources, the world will more likely trend away from them and continue to embrace greener solutions. I'm not sure if I'd be so bullish on Core's potential. Before you buy stock in Core Natural Resources, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Core Natural Resources wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Core Natural Resources Stock Zoomed 6% Higher on Wednesday was originally published by The Motley Fool Sign in to access your portfolio
E&E News
06-06-2025
- Business
- E&E News
Trump's coal frenzy clashes with market realities
President Donald Trump's mad dash to unleash more mining and burning of 'beautiful clean coal' across the U.S. is running face-first into unfavorable market realities. The president has vowed to reverse Biden-era policies, rev up U.S. mining, and keep aging coal-fired power plants alive. But hundreds of miners have been laid off in states like West Virginia in recent weeks, prices remain low and a growing number of small, metallurgical coal producers across the U.S. continue to declare bankruptcy. Last week, Core Natural Resources laid off 200 miners in West Virginia at a metallurgical coal mine. The announcement arrived after Coronado Global Resources laid off workers at its coal mine in the state. Miners were also laid off at Alpha Metallurgical Resources' mine in Boone County last year. At the same time, companies like Corsa Coal Corp. and Coking Coal, LLC, have declared bankruptcy, and some say the industry will continue to face turbulence. Advertisement 'I wouldn't be surprised if we see several other producers either go out of the market or … you'll see substantial cutbacks, layoffs,' Randall Atkins, founder of Kentucky-based Ramaco Resources, which mines both coal and rare earths, told POLITICO's E&E News. 'There are plenty of others that are not in good shape. There are more companies out there that are teetering.'
