The coal sector is rallying this morning along with a rally in coal prices. Spring is typically a weak period for coal prices and stocks in the sector, so we will see if it continues.
Warrior Met Coal also got an upgrade from Citi recently, with a price target of $75, which is too low if you have a 3 to 5 year time horizon in my opinion.
When Blue Creek comes online in a couple years, I think we're looking at $100, and that could turn out to be a lowball target. Further out is hard to predict, but it will depend on what they do with dividends and/or buybacks from there.
Hi Ben. I’ve recently bought into HCC. Just curious what your target for HCC is in 3-5 yrs time? NFA.
When Blue Creek comes online in a couple years, I think we're looking at $100, and that could turn out to be a lowball target. Further out is hard to predict, but it will depend on what they do with dividends and/or buybacks from there.