Stock Repurchase Plan Declared by Ramaco Resources (NASDAQ:METC) Board

Ramaco Resources (NASDAQ:METC) announced that its Board of Directors has approved a share repurchase plan on Tuesday, December 23rd, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization allows the energy company to repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Ramaco Resources Trading Up 8.1%

Shares of METC stock opened at $18.25 on Thursday. The business’s fifty day moving average price is $22.98 and its 200 day moving average price is $23.28. The firm has a market capitalization of $1.20 billion, a PE ratio of -27.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.97 and a quick ratio of 2.24. Ramaco Resources has a 1-year low of $6.30 and a 1-year high of $57.80.

Ramaco Resources (NASDAQ:METC) last issued its earnings results on Monday, October 27th. The energy company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.05. Ramaco Resources had a negative net margin of 5.67% and a negative return on equity of 8.26%. The company had revenue of $104.87 million for the quarter, compared to analyst estimates of $137.63 million. During the same period in the previous year, the firm earned ($0.03) EPS. The business’s revenue was down 27.7% on a year-over-year basis. As a group, sell-side analysts forecast that Ramaco Resources will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on METC shares. Northland Securities set a $44.00 price target on Ramaco Resources in a research report on Wednesday, October 29th. Jefferies Financial Group lowered Ramaco Resources from a “buy” rating to a “hold” rating and dropped their target price for the company from $45.00 to $33.00 in a report on Tuesday, October 28th. B. Riley upped their price target on Ramaco Resources from $14.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Zacks Research lowered shares of Ramaco Resources from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Northland Capmk raised shares of Ramaco Resources to a “strong-buy” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.50.

Key Ramaco Resources News

Here are the key news stories impacting Ramaco Resources this week:

• Positive Sentiment: Board authorized up to $100 million buyback (≈9.7% of shares). Management signaling the stock may be undervalued; the announcement triggered an immediate rally in the shares. Ramaco Announces $100 Million Stock Repurchase Plan
• Positive Sentiment: Technical momentum: shares showed a jump in relative strength (85 RS rating), which can attract momentum traders and funds that screen for relative performance. RS Rating Article
• Neutral Sentiment: Non‑binding MOU with Mulberry Industries to bolster a domestic rare‑earth and permanent magnet supply chain — strategic diversification but early stage and non‑binding. MOU Press Release
• Neutral Sentiment: Analyst/commentary pieces highlight the buyback but caution that coal/energy cycles still matter for fundamentals — a reminder that buybacks support share price but don’t remove commodity exposure. Seeking Alpha
• Neutral Sentiment: Macro market volatility (futures dipped around the holiday) could mute or reverse gains in momentum names including METC; monitor broader risk sentiment. Benzinga Market Note
• Neutral Sentiment: Reported short‑interest data showed 0 shares and a 0.0 days‑to‑cover — likely a data/reporting anomaly; current short‑squeeze risk appears minimal based on that report.
• Negative Sentiment: The Portnoy Law Firm opened an investigation into possible securities fraud and may file a class action — introduces legal and reputational risk that can pressure the stock if the probe advances. Portnoy Law Firm Notice

Ramaco Resources Company Profile

Ramaco Resources, Inc (NASDAQ:METC) is a U.S.-based producer of premium metallurgical coal and industrial minerals, focused on supplying the steel and allied industries. The company’s operations are centered in the Appalachian region of West Virginia, where it develops, mines and processes high-carbon coal products designed to meet the quality requirements of blast‐furnace and electric‐arc furnace steelmakers.

The firm’s flagship asset is the Elk Creek underground mine in Wyoming County, West Virginia, which began commercial production in 2019 and delivers a range of high‐grade metallurgical and anthracite coals.