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Market Vectors Coal ETF (KOL)

- NYSEARCA
  • Jul. 29, 2014, 10:33 AM
    • Arch Coal (ACI +3.5%) moves higher after its Q2 earnings loss came in better than expected as operating costs per ton fell 7%.
    • Q2 sales fell 7% Y/Y to $713.8M, missing analyst consensus, but operating costs per ton fell to $20.55 from $21.19.
    • ACI lowers its FY 2014 sales volume targets, including cutting its thermal sales volumes forecast to 124M-130M tons from 124M-132M tons to reflect the effects of transportation bottlenecks and the impact of a fall in steel production.
    • Other coal names also are higher: ANR +4.3%, ARLP +2.4%, PVA +1.9%, WLB +1.9%, BTU +1.4%, RNO +0.9%, WLT +0.8%, KOL +0.4%.
    | 3 Comments
  • Nov. 7, 2012, 8:55 AM
    More on James River Coal's (JRCC) Q3 results: Repurchased $53.7M of its outstanding debt at "very advantageous market prices." Currently has $172M in available liquidity vs. $192M reported at the end of Q2. The results, combined with Pres. Obama's election victory, send shares -18.5% premarket; BTU -6.4%, ANR -8.9%, ACI -9.4%, WLT -5.3%.
    | 3 Comments
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KOL Description
The Market Vectors® Coal ETF (KOL) seeks to replicate, before fees and expenses, the price and yield performance of the Market Vectors Global Coal Index (MVKOLTR), a rules-based, modified-capitalization-weighted, float-adjusted index intended to give investors exposure to the overall performance of the largest and most liquid companies in the global coal industry.
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Country: United States
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