Mountain Lake Investment Management LLC Buys Shares of 11,500 Core Natural Resources, Inc. $CNR

Key Points

• Mountain Lake Investment Management LLC has acquired 11,500 shares of Core Natural Resources, Inc. valued at approximately $887,000, making it the firm's 23rd largest holding.
• Core Natural Resources has declared a dividend of $0.10 per share, with a substantial 56.0% dividend yield, set to be paid on September 15th to stockholders of record by September 1st.
• Analysts have issued a consensus rating of "Moderate Buy" for Core Natural Resources, with a price target averaging around $105.80.

Mountain Lake Investment Management LLC purchased a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,500 shares of the energy company's stock, valued at approximately $887,000. Core Natural Resources accounts for 0.8% of Mountain Lake Investment Management LLC's portfolio, making the stock its 23rd largest holding.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new stake in Core Natural Resources in the first quarter valued at $20,894,000. Amalgamated Bank acquired a new position in Core Natural Resources in the first quarter worth $1,120,000. Vanguard Group Inc. acquired a new position in Core Natural Resources in the first quarter worth $482,793,000. Corebridge Financial Inc. acquired a new position in Core Natural Resources in the first quarter worth $2,112,000. Finally, Yousif Capital Management LLC acquired a new position in Core Natural Resources in the first quarter worth $1,419,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Trading Up 0.5%

Shares of CNR traded up $0.36 during trading hours on Thursday, hitting $72.96. 130,988 shares of the stock traded hands, compared to its average volume of 933,484. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The firm has a market capitalization of $3.76 billion, a PE ratio of 33.47 and a beta of 0.76. The business has a fifty day moving average of $74.13 and a 200-day moving average of $72.65.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources's dividend payout ratio is presently 18.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CNR shares. B. Riley reduced their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Jefferies Financial Group reissued a "hold" rating and issued a $78.00 price objective (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Finally, UBS Group reissued a "buy" rating and issued a $86.00 price objective (up previously from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Core Natural Resources presently has an average rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Company Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.