Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) announced a quarterly dividend on Friday, October 25th, RTT News reports. Stockholders of record on Tuesday, November 5th will be given a dividend of 0.08 per share on Tuesday, November 12th. This represents a $0.32 annualized dividend and a dividend yield of 0.53%.
Warrior Met Coal has increased its dividend by an average of 11.9% per year over the last three years. Warrior Met Coal has a dividend payout ratio of 4.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $7.59 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 4.2%.
Warrior Met Coal Stock Performance
Shares of NYSE:HCC traded up $0.52 during midday trading on Friday, hitting $60.50. The company had a trading volume of 515,884 shares, compared to its average volume of 762,432. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 7.22 and a beta of 1.02. Warrior Met Coal has a 12-month low of $44.76 and a 12-month high of $75.53. The company has a fifty day moving average of $59.20 and a two-hundred day moving average of $63.61.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley dropped their target price on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and a consensus target price of $75.75.
Get Our Latest Stock Report on HCC
Warrior Met Coal Company Profile
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.
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