Core Natural Resources, Inc. (CNR)

Silver Ores

Latest Price

$94.51

TTM P/E

46.79

Normalized P/E

11.12

Div Yield

0.42%

Book Value

73.75

P/B Ratio

1.28

Valuation metrics

Norm. op. income: $226M (median of 6yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$39.61

58% downside

Base FCF: $298M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$101.58

+7% upside

97.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	7.60M	$607.0M	15.24%	+174.1K	2026-06-30
STATE STREET CORP	3.95M	$316.0M	7.93%	-23.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.02M	$241.0M	6.06%	+61.1K	2026-06-30
FMR LLC	2.90M	$231.0M	5.81%	-1.15M	2026-06-30
DME Capital Management, LP	2.28M	$182.0M	4.58%	+425.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.19M	$174.0M	4.38%	-3.2K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	1.49M	$119.0M	2.99%	+115.9K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	1.33M	$106.0M	2.67%	+54.0K	2026-06-30
Flat Footed LLC	1.26M	$100.0M	2.53%	+1.12M	2026-06-30
Goehring & Rozencwajg Associates, LLC	1.10M	$88.0M	2.21%	+392.8K	2026-06-30