Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.32, but opened at $12.86. Ramaco Resources shares last traded at $12.54, with a volume of 81,388 shares.
Ramaco Resources Stock Up 6.4%
The company has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $8.52. The firm has a market capitalization of $763.07 million, a P/E ratio of -154.98 and a beta of 0.77.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $134.66 million during the quarter.
Ramaco Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.1811 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Friday, May 30th. Ramaco Resources's payout ratio is currently -800.00%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank lifted its holdings in Ramaco Resources by 271.3% in the fourth quarter. Comerica Bank now owns 73,197 shares of the company's stock valued at $723,000 after acquiring an additional 53,483 shares during the period. American Century Companies Inc. lifted its holdings in Ramaco Resources by 20.6% in the fourth quarter. American Century Companies Inc. now owns 174,701 shares of the company's stock valued at $1,726,000 after acquiring an additional 29,811 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Ramaco Resources by 48.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 76,718 shares of the company's stock valued at $758,000 after acquiring an additional 25,084 shares during the period. Encompass Capital Advisors LLC bought a new position in Ramaco Resources in the first quarter valued at about $166,000. Finally, Wellington Management Group LLP lifted its holdings in Ramaco Resources by 145.3% in the first quarter. Wellington Management Group LLP now owns 36,176 shares of the company's stock valued at $257,000 after acquiring an additional 21,430 shares during the period. 9.63% of the stock is owned by institutional investors.
About Ramaco Resources
(
Get Free Report)
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.
See Also
Before you consider Ramaco Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ramaco Resources wasn't on the list.
While Ramaco Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
