Cloud Peak Energy (CLD) Sets New 52-Week Low at $0.22

Shares of Cloud Peak Energy Inc. (NYSE:CLD) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $0.22 and last traded at $0.23, with a volume of 34936219 shares trading hands. The stock had previously closed at $0.48.

CLD has been the subject of several research reports. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a research note on Monday, January 7th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a research note on Thursday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Cloud Peak Energy presently has a consensus rating of “Hold” and an average price target of $2.25.

The company has a market cap of $37.51 million, a PE ratio of -0.52 and a beta of 2.66. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Cloud Peak Energy by 3.1% in the 3rd quarter. BlackRock Inc. now owns 10,384,751 shares of the mining company’s stock valued at $23,884,000 after buying an additional 310,235 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cloud Peak Energy by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock valued at $4,995,000 after buying an additional 95,543 shares during the period. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Cloud Peak Energy in the 4th quarter valued at approximately $248,000. Vanguard Group Inc grew its stake in shares of Cloud Peak Energy by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 4,698,036 shares of the mining company’s stock valued at $10,805,000 after buying an additional 58,484 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in shares of Cloud Peak Energy in the 3rd quarter valued at approximately $1,891,000. 77.91% of the stock is owned by institutional investors.

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Cloud Peak Energy Company Profile (NYSE:CLD)

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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