B. Riley Equities Analysts Cut Earnings Estimates for HCC

Warrior Met Coal, Inc. (NYSE:HCC) – Research analysts at B. Riley reduced their Q4 2024 earnings per share estimates for shares of Warrior Met Coal in a report released on Thursday, January 30th. B. Riley analyst N. Giles now expects that the company will earn $0.53 per share for the quarter, down from their previous forecast of $0.85. B. Riley currently has a “Buy” rating and a $90.00 price target on the stock. The consensus estimate for Warrior Met Coal’s current full-year earnings is $5.30 per share. B. Riley also issued estimates for Warrior Met Coal’s FY2025 earnings at $5.72 EPS.

Separately, Jefferies Financial Group dropped their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $52.90 on Monday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 7.31 and a beta of 1.07. Warrior Met Coal has a 52-week low of $49.97 and a 52-week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The stock’s 50 day moving average price is $57.55 and its two-hundred day moving average price is $60.62.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently bought and sold shares of HCC. Marshall Wace LLP acquired a new position in Warrior Met Coal during the second quarter worth $421,000. Mackenzie Financial Corp bought a new stake in shares of Warrior Met Coal during the second quarter worth about $203,000. Creative Planning raised its holdings in shares of Warrior Met Coal by 19.2% in the 2nd quarter. Creative Planning now owns 20,362 shares of the company’s stock worth $1,278,000 after acquiring an additional 3,284 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Warrior Met Coal in the 2nd quarter valued at about $589,000. Finally, SG Americas Securities LLC acquired a new position in Warrior Met Coal during the 3rd quarter valued at about $287,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.