Tocqueville Asset Management L.P. grew its position in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,465 shares of the energy company’s stock after purchasing an additional 1,815 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.47% of Arch Coal, Inc. Class A worth $8,283,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Arch Coal, Inc. Class A during the 2nd quarter valued at approximately $104,000. Royal Bank of Canada increased its holdings in shares of Arch Coal, Inc. Class A by 140.6% during the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after purchasing an additional 967 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Arch Coal, Inc. Class A during the 2nd quarter valued at approximately $131,000. New York State Teachers Retirement System purchased a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter valued at approximately $136,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Arch Coal, Inc. Class A during the 3rd quarter valued at approximately $155,000.
Several equities analysts have recently weighed in on the stock. FBR & Co set a $96.00 target price on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Wednesday, October 11th. Macquarie started coverage on shares of Arch Coal, Inc. Class A in a report on Thursday, September 7th. They issued a “neutral” rating and a $84.00 price target for the company. Zacks Investment Research raised shares of Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Stifel Nicolaus set a $92.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Arch Coal, Inc. Class A has a consensus rating of “Buy” and a consensus price target of $92.67.
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Arch Coal, Inc. Class A (NASDAQ:ARCH) traded up $0.07 during trading on Monday, hitting $78.74. 274,900 shares of the stock were exchanged, compared to its average volume of 441,677. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analysts’ expectations of $550.35 million. During the same period in the previous year, the company earned ($1.43) EPS. Arch Coal, Inc. Class A’s quarterly revenue was up 11.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, November 29th.
About Arch Coal, Inc. Class A
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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