arch coal

Arch Coal, Inc. (NYSE: ACI) blames rail service and geological problems at its Mt laurel mine for the need to guide earnings guidance down for Q4 and calendar 2010, J.P. Morgan reports. “Additionally, the need to reestablish the longwall mine means that production of this lower grade coking coal...

Jefferies said in a report this morning that it believes global coal fundamentals will continue to tighten, allowing companies with excess capacity and well capitalized reserves to benefit. “Arch Coal (NYSE: ACI) appears leveraged to a domestic pricing recovery through its PRB profile with 2011...

Deutsche Bank is initiating coverage of Patriot Coal Corporation (NYSE: PCX) and Walter Energy, Inc. (NYSE: WLT) at Buy, and is downgrading Arch Coal, Inc. (NYSE: ACI) to Hold from Buy on valuation & DBe vs. consensus. “Overall, we favor NA coal companies with exposures to the metallurgical (...

Citigroup has published a research report on the pure coal producers, and has downgraded Arch Coal (NYSE: ACI), Alpha Natural Resources (NYSE: ANR) from Buy to Hold and Patriot Coal Corporation (NYSE: PCX) from Hold to Sell, but has raised Peabody Energy Corporation (NYSE: BTU). In the report,...

Deutsche Bank has published its Metals and Mining Update which highlights the following stocks: Alcoa (AA.N),USD13.31 Hold, Price Target USD14.00 Alpha Natural Resources (ANR.N),USD50.88 Buy, Price Target USD55.00 Arch Coal (ACI.N),USD29.89 Buy, Price Target USD32.00 Barrick Gold (ABX.N),USD50.98...

Arch Coal, Inc. (NYSE: ACI) reported 3Q10 adjusted EBITDA of $201MM “versus our forecast and consensus of $191MM and $201MM, respectively,” Dahlman Rose & Co. reports. “We are encouraged by strong cost control and solid output from Arch's PRB and Western Bituminous operations during the quarter...

JP Morgan has issued a research report on the US Coal Industry in anticipation of 3Q earnings results. In the report, JP Morgan writes "The US coal industry continues its recovery from the 2009 downturn. The hot 2010 summer helped reduce the utility inventories. However, renewable energy...

Deutsche Bank has issued a report on Metals in the Americas as part of its "weekly wrap on rocks". In the report, Deutsche Bank writes "With the coal/steel sectors having outperformed the market in recent months and near-term indicators having turned mixed, we trim estimates (from slightly to...

Arch Coal, Inc.(NYSE: ACI) hosted an Analyst Day, providing financial, operating and strategic overview along with the latest company perspective, to which Citigroup writes: "Management believes they are well positioned going forward with additional PRB capacity following the Jacobs Ranch...