In yesterday’s Wall Street session, Ramaco Resources Inc (NASDAQ:METC) shares traded at $16.63, down -7.61% from the previous session.
4 analysts cover Ramaco Resources Inc (NASDAQ:METC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $12.00, we find $15.00. Given the previous closing price of $18.00, this indicates a potential downside of -16.67 percent. METC stock price is now 49.72% away from the 50-day moving average and 92.67% away from the 200-day moving average. The market capitalization of the company currently stands at $876.23M.
The stock has received a hold rating from 1 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $14.50 as their price target over the next twelve months.
With the price target enhanced from $16 to $25, Jefferies Upgraded its rating from Hold to Buy for Ramaco Resources Inc (NASDAQ: METC).
In other news, LEIDEL PETER A, Director sold 316,623 shares of the company’s stock on Nov 15. The stock was sold for $5,614,523 at an average price of $17.73. Upon completion of the transaction, the Director now directly owns 730,408 shares in the company, valued at $12.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Director LAWRENCE BRYAN H sold 316,623 shares of the business’s stock. A total of $5,614,523 was realized by selling the stock at an average price of $17.73. This leaves the insider owning 730,408 shares of the company worth $12.15 million. Insiders disposed of 39,485 shares of company stock worth roughly $0.66 million over the past 1 year. A total of 25.84% of the company’s stock is owned by insiders.
On Thursday morning Ramaco Resources Inc (NASDAQ: METC) stock kicked off with the opening price of $17.97. During the past 12 months, Ramaco Resources Inc has had a low of $5.94 and a high of $19.94. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.19, and a quick ratio of 0.83. According to the stock market information, the enterprise value for the company is $987.89M, which is based on a 11.57 price-to-earnings ratio, a 2.74 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for METC is $11.11 and a two-hundred day moving average price translates $9.43 for the stock.
The latest earnings results from Ramaco Resources Inc (NASDAQ: METC) was released for Sep, 2023. According to the Coking Coal Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.44 by 0.01. This compares to $0.60 EPS in the same period last year. The net profit margin was 10.65% and return on equity was 20.47% for METC. The company reported revenue of $186.97 million for the quarter, compared to $136.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.55 percent. For the current quarter, analysts expect METC to generate $176.22M in revenue.
Ramaco Resources Inc(METC) Company Profile
Ramaco Resources, Inc. operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.