Royal Bank Of Canada Forecasts Strong Price Appreciation for Warrior Met Coal (NYSE:HCC) Stock

Warrior Met Coal (NYSE:HCC) had its price target raised by research analysts at Royal Bank Of Canada from $90.00 to $110.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.19% from the stock’s current price.

Several other analysts have also recently issued reports on HCC. UBS Group dropped their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.83.

Warrior Met Coal Price Performance

HCC traded up $2.26 on Wednesday, reaching $93.86. 244,254 shares of the company’s stock were exchanged, compared to its average volume of 827,328. Warrior Met Coal has a twelve month low of $60.70 and a twelve month high of $111.42. The stock has a market cap of $4.96 billion, a PE ratio of 22.56 and a beta of 0.67. 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 stock’s fifty day moving average price is $92.64 and its 200-day moving average price is $90.29.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million for 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 business’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. Sell-side analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. The trade was a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC increased its stake in Warrior Met Coal by 11.1% in the second quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after purchasing an additional 272 shares during the last quarter. WINTON GROUP Ltd raised its stake in Warrior Met Coal by 4.1% during the 2nd quarter. WINTON GROUP Ltd now owns 14,587 shares of the company’s stock worth $1,184,000 after acquiring an additional 574 shares in the last quarter. Arizona State Retirement System lifted its position in Warrior Met Coal by 0.8% in the second quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after acquiring an additional 113 shares during the last quarter. Nykredit A S purchased a new stake in Warrior Met Coal in the second quarter valued at $50,000. Finally, NWF Advisory Services Inc. boosted its stake in Warrior Met Coal by 4.7% in the second quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock valued at $7,577,000 after acquiring an additional 4,150 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.