Ramaco Resources - METC Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" METC shares.
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4 analysts have issued 12 month price targets for Ramaco Resources' stock. Their METC share price forecasts range from $13.00 to $25.00. On average, they expect the company's stock price to reach $16.25 in the next year. This suggests a possible upside of 59.3% from the stock's current price.
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Ramaco Resources' stock was trading at $8.79 on January 1st, 2023. Since then, METC shares have increased by 16.0% and is now trading at $10.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our METC earnings forecast.

Ramaco Resources, Inc. (NASDAQ:METC) announced its quarterly earnings data on Monday, November, 7th. The energy company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.13 by $0.46. The energy company earned $136.93 million during the quarter, compared to analyst estimates of $167 million. Ramaco Resources had a trailing twelve-month return on equity of 47.39% and a net margin of 23.22%.

Ramaco Resources declared a quarterly dividend on Thursday, December 8th. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.125 per share on Wednesday, March 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Tuesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for METC.

Ramaco Resources (NASDAQ:METC) pays an annual dividend of $0.45 per share and currently has a dividend yield of 4.29%. METC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 16.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, METC will have a dividend payout ratio of 14.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for METC.

Ramaco Resources issued an update on its FY 2022 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $2.77-$2.87 for the period, compared to the consensus EPS estimate of $3.35. 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 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 acted as the underwriters for the IPO and Clarksons Platou Securities and Seaport Global Securities were co-managers.

Ramaco Resources trades on the NASDAQ under the ticker symbol "METC."

Ramaco Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (1.21%), Capricorn Fund Managers Ltd (0.27%) and Mraz Amerine & Associates Inc. (0.02%). Insiders that own company stock include David E K Frischkorn, Peter A Leidel, Randall Whittaker Atkins, Yorktown Energy Partners Ix, L and Yorktown Ix 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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One share of METC stock can currently be purchased for approximately $10.20.

Ramaco Resources (NASDAQ:METC) has a market capitalization of $450.04 million and generates $283.39 million in revenue each year. The energy company earns $39.76 million in net income (profit) each year or $2.68 on an earnings per share basis.

The company employs 454 workers across the globe.

Ramaco Resources' mailing address is 250 WEST MAIN STREET SUITE 210, LEXINGTON KY, 40507. The official website for the company is www.ramacoresources.com. The energy company can be reached via phone at (859) 244-7455 or via email at info@ramacocoal.com.