CNX Coal Resources Gets a Buy Rating from Jefferies

By Carrie Williams

Jefferies analyst Chris LaFemina reiterated a Buy rating on CNX Coal Resources (NYSE: CNXC) today and set a price target of $20. The company’s shares opened today at $16.

According to TipRanks.com, LaFemina is ranked 0 out of 5 stars with an average return of -7.9% and a 37.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Randgold Resources Limited, and Anglogold Ashanti Ltd.

CNX Coal Resources has an analyst consensus of Strong Buy, with a price target consensus of $22.

The company has a one year high of $22.30 and a one year low of $8.31. Currently, CNX Coal Resources has an average volume of 46.31K.

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CNX Coal Resources LP manages and develops active thermal coal operations. Its asset include mining complex, which consists of underground mines and related infrastructures that produces high-Btu bituminous thermal coal. Its portfolio comprise of the Bailey Mine, the Enlow Fork Mine and the Harvey Mine. The company was founded on March 16, 2015 and is headquartered in Canonsburg, PA.