Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report)'s stock price traded up 8.8% during mid-day trading on Monday . The company traded as high as $13.89 and last traded at $13.76. 102,487 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 98,407 shares. The stock had previously closed at $12.64.
Ramaco Resources Price Performance
The company has a 50 day moving average price of $10.13 and a 200 day moving average price of $8.99. The firm has a market cap of $782.76 million, a PE ratio of -31.13 and a beta of 0.89.
Ramaco Resources (NASDAQ:METCB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.29) earnings per share for the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%. The business had revenue of $152.96 million during the quarter.
Ramaco Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.1811 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 5.1%. Ramaco Resources's dividend payout ratio (DPR) is -156.52%.
Institutional Trading of Ramaco Resources
A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in shares of 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 purchasing an additional 53,483 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ramaco Resources by 87.6% during the fourth quarter. JPMorgan Chase & Co. now owns 17,413 shares of the company's stock valued at $172,000 after acquiring an additional 8,129 shares during the last quarter. Bank of New York Mellon Corp increased its position in Ramaco Resources by 7.8% during 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. Bank of America Corp DE raised its stake in Ramaco Resources by 64.6% in the 4th quarter. Bank of America Corp DE now owns 12,516 shares of the company's stock valued at $124,000 after purchasing an additional 4,914 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Ramaco Resources by 620.7% in the 4th quarter. Wells Fargo & Company MN now owns 11,099 shares of the company's stock valued at $110,000 after purchasing an additional 9,559 shares in the last quarter. Hedge funds and other institutional investors own 9.63% of the company's stock.
Ramaco Resources Company Profile
(
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.
Read More
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.