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Alliance Holdings GP, L.P. (NASDAQ:AHGP) shares hit a new 52-week high during mid-day trading on Wednesday , American Banking & Market News reports. The stock traded as high as $73.35 and last traded at $72.17, with a volume of 31,939 shares changing hands. The stock had previously closed at $72.48.

Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Alliance Holdings GP, L.P. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $74.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Alliance Holdings GP, L.P. in a research note on Tuesday, July 29th. They now have a $73.00 price target on the stock, up previously from $68.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Alliance Holdings GP, L.P. in a research note on Tuesday, July 29th. They now have a $79.00 price target on the stock, up previously from $77.00.

The stock has a 50-day moving average of $70.1 and a 200-day moving average of $65.1. The company has a market cap of $4.333 billion and a P/E ratio of 16.84.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) last posted its quarterly earnings results on Monday, July 28th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.24. The company had revenue of $598.46 million for the quarter, compared to the consensus estimate of $577.66 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Alliance Holdings GP, L.P. will post $4.70 EPS for the current fiscal year.

Alliance Holdings GP, L.P. (NASDAQ:AHGP) owns, directly and indirectly, 100% of the members’ interest in Alliance Resource Management GP, LLC (MGP), the managing general partner of Alliance Resource Partners, L.

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