Benchmark Co. Reaffirms Their Buy Rating on Arch Resources (ARCH)

In a report released today, Nathan Martin from Benchmark Co. reiterated a Buy rating on Arch Resources (ARCH – Research Report), with a price target of $180.00. The company’s shares closed last Friday at $163.18.

Martin covers the Basic Materials sector, focusing on stocks such as Arch Resources, Suncoke Energy, and Teck Resources. According to TipRanks, Martin has an average return of 31.2% and a 71.79% success rate on recommended stocks.

In addition to Benchmark Co., Arch Resources also received a Buy from B.Riley Financial’s Lucas Pipes in a report issued on April 15. However, on April 17, Citi downgraded Arch Resources (NYSE: ARCH) to a Hold.

The company has a one-year high of $187.60 and a one-year low of $97.74. Currently, Arch Resources has an average volume of 509.1K.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARCH in relation to earlier this year.

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Arch Resources (ARCH) Company Description:

Arch Coal, Inc. engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical and Other Thermal. The Powder River Basin segment contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia. The Other Thermal segment contains supplementary thermal operations in Colorado, Illinois and the Coal Mac thermal operations in West Virginia. The company was founded in 1969 and is headquartered in St. Louis, MO.