Ramaco Resources (NASDAQ:METCB) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Ramaco Resources has received a "hold (C-)" rating from Weiss Ratings, indicating a cautious outlook from analysts.
• In its latest quarterly earnings, Ramaco reported a loss of ($0.29) EPS and a revenue of $152.96 million, reflecting a negative net margin of 3.17%.
• Institutional investors own 9.63% of Ramaco's stock, with notable increases in stakes by firms such as American Century Companies and Wellington Management Group.

Ramaco Resources (NASDAQ:METCB - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Ramaco Resources Price Performance

Shares of NASDAQ METCB opened at $18.91 on Wednesday. Ramaco Resources has a 1-year low of $6.01 and a 1-year high of $20.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The business's fifty day moving average price is $15.99 and its two-hundred day moving average price is $11.23. The firm has a market capitalization of $1.04 billion, a PE ratio of -41.11 and a beta of 0.90.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) EPS for the quarter. The business had revenue of $152.96 million for the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Ramaco Resources by 12.6% during the first quarter. American Century Companies Inc. now owns 196,657 shares of the company's stock valued at $1,398,000 after buying an additional 21,956 shares in the last quarter. Wellington Management Group LLP increased its stake in Ramaco Resources by 145.3% in the 1st quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock worth $257,000 after purchasing an additional 21,430 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in Ramaco Resources in the 1st quarter worth about $166,000. Wedge Capital Management L L P NC increased its stake in Ramaco Resources by 11.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 177,367 shares of the company's stock worth $1,451,000 after purchasing an additional 17,578 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ramaco Resources by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,628 shares of the company's stock worth $182,000 after purchasing an additional 1,848 shares in the last quarter. Institutional investors own 9.63% of the company's stock.

About Ramaco Resources

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.

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