B.Riley FBR Believes Contura Energy Inc (CNTE) Still Has Room to Grow


B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Contura Energy Inc (Other OTC: CNTE) today and set a price target of $89. The company’s shares closed yesterday at $76.99, close to its 52-week high of $80.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 6.5% and a 60.5% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Contura Energy Inc is a Moderate Buy with an average price target of $88.

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The company has a one-year high of $80 and a one-year low of $54. Currently, Contura Energy Inc has an average volume of 29.34K.

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Contura Energy, Inc. engages in the ownership and operation of coal mines. It operates through the following segments: Central Appalachia Operations (CAPP), Northern Appalachia Operations (NAPP), Trading and Logistics; and All Other.

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