Ramaco Resources (METC) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ramaco Resources in the last twelve months. 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 brokerages 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 predict the company's share price to reach $16.25 in the next year. This suggests a possible upside of 97.0% 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 decreased by 6.1% and is now trading at $8.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our METC earnings forecast.

Ramaco Resources, Inc. (NASDAQ:METC) announced its quarterly earnings data on Wednesday, May, 3rd. The energy company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The energy company had revenue of $166.36 million for the quarter, compared to analyst estimates of $133.02 million. Ramaco Resources had a net margin of 17.30% and a trailing twelve-month return on equity of 33.62%.

Ramaco Resources announced a quarterly dividend on Saturday, May 27th. Investors of record on Thursday, June 1st will be given a dividend of $0.125 per share on Thursday, June 15th. This represents a $0.50 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for METC.

ETFs with the largest weight of Ramaco Resources (NASDAQ:METC) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Hartford Multifactor Small Cap ETF (ROSC) and Vanguard Materials ETF (VAW).Fidelity MSCI Materials Index ETF (FMAT).

Ramaco Resources (NASDAQ:METC) pays an annual dividend of $0.50 per share and currently has a dividend yield of 6.06%. METC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 22.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, METC will have a dividend payout ratio of 22.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for METC.

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 $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 trades on the NASDAQ under the ticker symbol "METC."

Ramaco Resources' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (3.49%), Bank of New York Mellon Corp (1.13%), Wedge Capital Management L L P NC (1.12%), Geode Capital Management LLC (1.03%), South Dakota Investment Council (1.02%) and Two Sigma Advisers LP (1.01%). Insiders that own company stock include Aurelia Skipwith Giacometto, 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 $8.25.

Ramaco Resources (NASDAQ:METC) has a market capitalization of $366.38 million and generates $565.69 million in revenue each year. The energy company earns $116.04 million in net income (profit) each year or $2.23 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.