Ramaco Resources Inc (NASDAQ:METC) Receives $7.00 Consensus Price Target from Brokerages
Ramaco Resources Inc (NASDAQ:METC) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $7.00.
Separately, Zacks Investment Research lowered shares of Ramaco Resources from a “hold” rating to a “sell” rating in a research report on Wednesday.
Shares of METC traded down $0.11 during mid-day trading on Friday, reaching $3.02. The stock had a trading volume of 33,707 shares, compared to its average volume of 42,319. The firm has a market cap of $131.99 million, a price-to-earnings ratio of 4.65 and a beta of 1.13. Ramaco Resources has a 12 month low of $2.82 and a 12 month high of $7.22. The business has a fifty day moving average of $3.38 and a 200 day moving average of $3.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.26 and a current ratio of 1.68.
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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