Shares of Ramaco Resources Inc (NASDAQ:METC) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.00.
A number of equities research analysts have issued reports on the stock. Clarkson Capital reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Seaport Global Securities reiterated a “buy” rating on shares of Ramaco Resources in a research note on Monday, February 25th. Finally, Zacks Investment Research upgraded shares of Ramaco Resources from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Wednesday, February 13th.
Ramaco Resources stock traded down $0.05 during trading hours on Friday, reaching $6.45. 1,896 shares of the stock were exchanged, compared to its average volume of 58,517. The company has a market capitalization of $267.85 million, a price-to-earnings ratio of 10.56 and a beta of 1.14. The company has a quick ratio of 1.05, a current ratio of 1.55 and a debt-to-equity ratio of 0.09. Ramaco Resources has a twelve month low of $4.35 and a twelve month high of $8.94.
Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC bought a new position in shares of Ramaco Resources in the first quarter worth about $46,000. Mraz Amerine & Associates Inc. bought a new position in shares of Ramaco Resources in the fourth quarter worth about $55,000. Dimensional Fund Advisors LP bought a new position in shares of Ramaco Resources in the fourth quarter worth about $160,000. AlpInvest Partners B.V. bought a new position in shares of Ramaco Resources in the first quarter worth about $175,000. Finally, Marshall Wace LLP bought a new position in shares of Ramaco Resources in the third quarter worth about $252,000. 78.43% of the stock is owned by hedge funds and other institutional investors.
About Ramaco Resources
Ramaco Resources, Inc produces and sells metallurgical coal in the United States. The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
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