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Noble Financial Sticks to Its Buy Rating for Alliance Resource (ARLP)

Tipranks - Tipranks - Sat Apr 4, 12:18PM CDT

In a report released yesterday, Mark Reichman from Noble Financial reiterated a Buy rating on Alliance Resource, with a price target of $33.00. The company’s shares closed yesterday at $28.17.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Reichman is an analyst with an average return of -5.9% and a 37.32% success rate.

Alliance Resource has an analyst consensus of Moderate Buy, with a price target consensus of $33.00, representing a 17.15% upside. In a report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $31.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Alliance Resource’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $535.51 million and a net profit of $82.67 million. In comparison, last year the company earned a revenue of $590.09 million and had a net profit of $16.33 million

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