Warrior Met Coal (NYSE:HCC) had its target price upped by BMO Capital Markets to $39.00 in a research report sent to investors on Thursday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the company. B. Riley reaffirmed a neutral rating on shares of Warrior Met Coal in a research note on Wednesday, November 1st. Zacks Investment Research raised Warrior Met Coal from a hold rating to a strong-buy rating and set a $31.00 target price on the stock in a research note on Monday, February 12th. Macquarie raised Warrior Met Coal from an underperform rating to a hold rating in a research note on Tuesday, January 23rd. Credit Suisse Group upped their target price on Warrior Met Coal from $18.75 to $35.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Finally, Seaport Global Securities cut Warrior Met Coal from a buy rating to a neutral rating in a research note on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Warrior Met Coal has a consensus rating of Buy and an average target price of $27.92.
Warrior Met Coal (NYSE:HCC) opened at $31.49 on Thursday. The company has a market capitalization of $1,677.91 and a P/E ratio of 3.65. Warrior Met Coal has a 52 week low of $15.10 and a 52 week high of $32.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.36 and a current ratio of 2.48.
In related news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the 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 legal filing with the SEC, which is available at the SEC website. 1.15% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in Warrior Met Coal in the third quarter worth approximately $135,000. UBS Asset Management Americas Inc. bought a new position in Warrior Met Coal in the fourth quarter worth approximately $206,000. Invictus RG bought a new position in Warrior Met Coal in the third quarter worth approximately $257,000. Teacher Retirement System of Texas purchased a new stake in Warrior Met Coal during the fourth quarter worth $286,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal during the second quarter worth $219,000. 99.05% of the stock is currently owned by institutional investors.
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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.
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