Warrior Met Coal (HCC) Price Target Raised to $39.00

Warrior Met Coal (NYSE:HCC) had its price target boosted by research analysts at BMO Capital Markets to $39.00 in a report released on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 23.85% from the stock’s previous close.

Several other analysts have also weighed in on the company. Zacks Investment Research raised Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Monday, February 12th. Credit Suisse Group boosted their price objective on Warrior Met Coal from $18.75 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Macquarie raised Warrior Met Coal from an “underperform” rating to a “hold” rating in a report on Tuesday, January 23rd. B. Riley reissued a “hold” rating and issued a $28.00 price objective on shares of Warrior Met Coal in a report on Wednesday, January 17th. Finally, Royal Bank of Canada lowered Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 price objective for the company. in a report on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.92.

Shares of Warrior Met Coal (NYSE HCC) opened at $31.49 on Thursday. The company has a quick ratio of 5.36, a current ratio of 2.48 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1,705.10 and a PE ratio of 3.92. Warrior Met Coal has a fifty-two week low of $15.10 and a fifty-two week high of $32.66.

In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total value of $86,689.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.15% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Impala Asset Management LLC boosted its position in shares of Warrior Met Coal by 50.5% during the fourth quarter. Impala Asset Management LLC now owns 2,005,172 shares of the company’s stock worth $50,430,000 after buying an additional 672,485 shares during the period. Acadian Asset Management LLC boosted its position in shares of Warrior Met Coal by 400.7% during the fourth quarter. Acadian Asset Management LLC now owns 1,883,992 shares of the company’s stock worth $47,384,000 after buying an additional 1,507,727 shares during the period. BlackRock Inc. boosted its position in shares of Warrior Met Coal by 74.5% during the fourth quarter. BlackRock Inc. now owns 1,804,709 shares of the company’s stock worth $45,389,000 after buying an additional 770,654 shares during the period. Vanguard Group Inc. acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $21,144,000. Finally, Millennium Management LLC boosted its position in shares of Warrior Met Coal by 107.6% during the fourth quarter. Millennium Management LLC now owns 1,068,599 shares of the company’s stock worth $26,875,000 after buying an additional 553,771 shares during the period. Institutional investors and hedge funds own 99.05% of the company’s stock.

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Warrior Met Coal Company Profile

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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