Equities research analysts at Royal Bank of Canada started coverage on shares of Warrior Met Coal LLC (NYSE:HCC) in a research report issued to clients and investors on Monday, May 8th. The brokerage set an “outperform” rating and a $25.00 price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 40.77% from the stock’s current price.
Separately, FBR & Co started coverage on shares of Warrior Met Coal in a report on Thursday, April 20th. They issued a “mkt perform” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Warrior Met Coal presently has an average rating of “Buy” and a consensus target price of $24.75.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, May 18th. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.24. The business had revenue of $253.96 million during the quarter, compared to the consensus estimate of $363.34 million.
The company also recently declared a special dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 25th.
In related news, Director Franklin Mutual Advisers Llc sold 2,718,359 shares of Warrior Met Coal stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $17.81, for a total transaction of $48,413,973.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Apollo Management Holdings Gp, sold 5,932,545 shares of Warrior Met Coal stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $17.81, for a total transaction of $105,658,626.45. The disclosure for this sale can be found here.
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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