Foundation Coal Holdings, Inc., through its subsidiaries, engages in the extraction, cleaning, and sale of coal to electric utilities, steel companies, coal brokers, and industrial users primarily in the United States. It offers steam coal to electric power generators and industrial plants; and metallurgical coal that is used to make coke for steel production. The company also purchases and resells coal produced by third parties. Its mining operations span across Northern Appalachia consisting of two underground mines in southwestern Pennsylvania; Central Appalachia comprising seven underground mines and two surface mines in southern West Virginia; and the Powder River Basin consisting of two surface mines in Wyoming, as well as an underground mine in Illinois. As of December 31, 2007, Foundation Coal Holdings had approximately 1.6 billion tons of proven and probable coal reserves, as well as operated 8 mining complexes that consist of 13 individual coal mines. The company was founded in 1974 and is based in Linthicum Heights, Maryland.
Analysts'
Recommendation: | Buy |
| 30 Days Ago: | Buy |
|
| Analysts' Target: | $88 |
| Analysts' Targets |
| Davenport & Co. | $98 |
| Buy |
Thursday, June 26, 2008
|
| Friedman, Billings, Ramsey & C | $135 |
| Outperform |
Monday, June 02, 2008
|
| Caris & Company | $55 |
| Average |
Wednesday, March 05, 2008
|
| BWS Financial | $77 |
| Buy |
Tuesday, February 19, 2008
|
| BWS Financial | $77 |
| Buy |
Tuesday, February 19, 2008
|
| Lehman Brothers | $65 |
| Equal-weight |
Tuesday, February 05, 2008
|
$87.23 (06/29/08)
