Ramaco Resources Stock Price, News & Analysis (NASDAQ:METC)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ramaco Resources in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" METC shares.
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4 Wall Street analysts have issued twelve-month target prices for Ramaco Resources' shares. Their METC share price targets range from $12.00 to $20.00. On average, they anticipate the company's share price to reach $14.88 in the next twelve months. This suggests that the stock has a possible downside of 13.6%.
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Ramaco Resources' stock was trading at $8.79 at the beginning of the year. Since then, METC stock has increased by 95.8% and is now trading at $17.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
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Ramaco Resources, Inc. (NASDAQ:METC) announced its quarterly earnings results on Tuesday, November, 7th. The energy company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The energy company had revenue of $187 million for the quarter, compared to analysts' expectations of $159.63 million. Ramaco Resources had a trailing twelve-month return on equity of 20.69% and a net margin of 10.65%. Ramaco Resources's revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share.

Ramaco Resources declared a quarterly dividend on Wednesday, December 6th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.138 per share on Friday, March 15th. This represents a $0.55 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from the stock's previous quarterly dividend of $0.13.
Read our dividend analysis for METC.

Ramaco Resources (NASDAQ:METC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 2.86%. The dividend payout ratio is 34.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, METC will have a dividend payout ratio of 21.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for METC.

Ramaco Resources updated its third quarter 2023 earnings guidance on Monday, October, 16th. The company provided earnings per share (EPS) guidance of $0.42-$0.45 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ramaco Resources investors own include Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Genocea Biosciences (GNCA), VBI Vaccines (VBIV), Comcast (CMCSA), Invesco (IVZ), Rigel Pharmaceuticals (RIGL), Sangamo Therapeutics (SGMO), Sorrento Therapeutics (SRNE) and Trevena (TRVN).

(METC) raised $81 million in an initial public offering (IPO) on Friday, February 3rd 2017. The company issued 6,000,000 shares at a price of $12.00-$15.00 per share. Credit Suisse, Jefferies and BMO Capital Markets served as the underwriters for the IPO and Clarksons Platou Securities and Seaport Global Securities were co-managers.

Ramaco Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (0.94%), South Dakota Investment Council (0.86%), American Century Companies Inc. (0.69%), Regal Partners Ltd (0.61%), Wedge Capital Management L L P NC (0.50%) and Northern Trust Corp (0.41%). Insiders that own company stock include Aurelia Skipwith Giacometto, Bryan H Lawrence, David E K Frischkorn, Peter A Leidel, Randall Whittaker Atkins, Yorktown Energy Partners Ix, L, Yorktown Ix Associates Llc and Yorktown Xi Associates Llc.
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Shares of METC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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