B. Riley raised the firm's price target on Alpha Metallurgical to $207 from $203 and keeps a Neutral rating on the shares. Alpha Metallurgical Resources' Q4 results were in line with expectations, and 2026 guidance remains unchanged with metallurgical shipments projected at 14.4-15.4M tons, the analyst tells investors in a research note. Cost guidance is $95-$101/ton, including an estimated $30M annualized benefit from the Section 45X production credit, while the Kingston Wildcat project is on track to contribute about 500K tons of low-vol production, ramping toward 1M tons annually, the firm says.
