Royal Bank Of Canada Issues Positive Forecast for Warrior Met Coal (NYSE:HCC) Stock Price

Warrior Met Coal (NYSE:HCCGet Free Report) had its price target upped by research analysts at Royal Bank Of Canada from $90.00 to $110.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 17.19% from the company’s previous close.

Other analysts also recently issued reports about the company. UBS Group lowered their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. B. Riley Financial lifted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.83.

Read Our Latest Research Report on Warrior Met Coal

Warrior Met Coal Price Performance

Shares of HCC stock traded up $2.26 during mid-day trading on Wednesday, hitting $93.86. The company had a trading volume of 244,254 shares, compared to its average volume of 827,328. Warrior Met Coal has a 52-week low of $60.70 and a 52-week high of $111.42. The stock’s 50 day moving average price is $92.64 and its 200-day moving average price is $90.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The company has a market capitalization of $4.96 billion, a P/E ratio of 22.56 and a beta of 0.67.

Warrior Met Coal (NYSE:HCCGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities research analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current year.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the sale, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 104,800 shares of company stock valued at $11,250,304 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds have recently modified their holdings of HCC. BlackRock Inc. acquired a new position in Warrior Met Coal in the second quarter valued at approximately $606,503,000. Geode Capital Management LLC increased its stake in shares of Warrior Met Coal by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock worth $112,912,000 after purchasing an additional 37,057 shares in the last quarter. Capital International Investors raised its position in shares of Warrior Met Coal by 17.1% during the 4th quarter. Capital International Investors now owns 998,103 shares of the company’s stock worth $88,003,000 after purchasing an additional 145,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Warrior Met Coal by 2,821,294.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after purchasing an additional 987,453 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Warrior Met Coal by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after buying an additional 149,600 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

(Get Free Report)

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama’s Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.

See Also

Analyst Recommendations for Warrior Met Coal (NYSE:HCC)

Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.