Analysts Set $16.33 Price Target for Ramaco Resources Inc (METC)
Ramaco Resources Inc (NASDAQ:METC) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $16.33 for the company and are anticipating that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Ramaco Resources an industry rank of 226 out of 265 based on the ratings given to its competitors.
Several brokerages have recently weighed in on METC. BMO Capital Markets began coverage on shares of Ramaco Resources in a research note on Tuesday, February 28th. They issued an “outperform” rating and a $15.00 target price for the company. Jefferies Group LLC began coverage on shares of Ramaco Resources in a research note on Tuesday, February 28th. They issued a “buy” rating and a $16.00 target price for the company. Clarkson Capital began coverage on shares of Ramaco Resources in a research note on Tuesday, February 28th. They issued a “buy” rating and a $19.00 target price for the company. Credit Suisse Group AG began coverage on shares of Ramaco Resources in a research note on Tuesday, February 28th. They issued an “outperform” rating and a $14.00 target price for the company. Finally, Seaport Global Securities began coverage on shares of Ramaco Resources in a research note on Tuesday, February 28th. They issued a “buy” rating and a $14.00 target price for the company.
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In other news, major shareholder Energy Capital Partners Mezzan sold 1,460,060 shares of the company’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $13.50, for a total value of $19,710,810.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Ramaco Resources (NASDAQ:METC) opened at 7.15 on Thursday. The firm’s market cap is $279.29 million. The stock’s 50 day moving average is $9.84 and its 200-day moving average is $10.37. Ramaco Resources has a one year low of $7.02 and a one year high of $14.78.
Ramaco Resources Company Profile
Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.
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