Warrior Met Coal Inc. (HCC) PT Raised to $27.00

Warrior Met Coal Inc. (NYSE:HCC) had its price target lifted by research analysts at Royal Bank Of Canada from $24.00 to $27.00 in a report released on Friday, August 4th, MarketBeat reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 11.39% from the company’s previous close.

A number of other analysts have also recently commented on HCC. FBR & Co initiated coverage on Warrior Met Coal in a research report on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 price objective for the company. Credit Suisse Group initiated coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued an “outperform” rating and a $26.00 price objective for the company. Citigroup Inc. started coverage on Warrior Met Coal in a research report on Monday, May 8th. They issued a “neutral” rating and a $20.00 price objective for the company. Morgan Stanley started coverage on Warrior Met Coal in a research report on Monday, May 8th. They set an “overweight” rating and a $27.00 price target for the company. Finally, BMO Capital Markets started coverage on Warrior Met Coal in a research report on Monday, May 8th. They set a “buy” rating and a $24.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $23.40.

Warrior Met Coal (NYSE HCC) traded up 0.29% during midday trading on Friday, reaching $24.24. 294,642 shares of the company traded hands. The stock has a market capitalization of $1.30 billion and a P/E ratio of 5.43. The firm has a 50-day moving average of $21.40 and a 200-day moving average of $18.97. Warrior Met Coal has a 1-year low of $15.10 and a 1-year high of $25.38.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.59. The business had revenue of $363.37 million during the quarter, compared to analysts’ expectations of $321.75 million. On average, analysts predict that Warrior Met Coal will post $4.08 earnings per share for the current year.

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In other Warrior Met Coal news, Director Alan H. Schumacher purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $17.99 per share, with a total value of $53,970.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at approximately $53,970. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Large investors have recently bought and sold shares of the stock. First Mercantile Trust Co. purchased a new stake in Warrior Met Coal during the second quarter valued at about $131,000. The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal during the second quarter valued at about $219,000. Tudor Investment Corp ET AL purchased a new stake in Warrior Met Coal during the second quarter valued at about $223,000. Royal Bank of Canada purchased a new stake in Warrior Met Coal during the second quarter valued at about $228,000. Finally, GeoSphere Capital Management purchased a new stake in Warrior Met Coal during the second quarter valued at about $260,000. Hedge funds and other institutional investors own 4.66% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

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