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Downgrade Alert for Natural Resource Partners (NRP)

By James Quinn

Natural Resource Partners (NYSE:NRP) was downgraded from Buy to Hold at BB&T Capital today. The stock closed yesterday at $7.69 on volume of 1.2 million shares, above average daily volume of 537,000.

Natural Resource Partners (NYSE:NRP) has potential upside of 66.9% based on a current price of $7.69 and analysts' consensus price target of $12.83. Natural Resource Partners shares should first meet resistance at the 50-day moving average (MA) of $9.19 and find additional resistance at the 200-day MA of $13.22.

Natural Resource Partners L.P. owns and manages coal properties in Appalachia, the Illinois Basin, and the Western United States. The Company leases coal reserves to experienced mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments.

In the past 52 weeks, Natural Resource Partners share prices have been bracketed by a low of $7.54 and a high of $16.95 and closed yesterday at $7.69, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Natural Resource Partners on December 1st, 2014 by issuing a Downtrend alert when the shares were trading at $11.01. Since that call, shares of Natural Resource Partners have fallen 30.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades natural resource partners

Ticker(s): NRP