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.

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in Ramaco Resources during the fourth quarter valued at approximately $36,000. UBS Group AG increased its holdings in shares of Ramaco Resources by 78.3% during the fourth quarter. UBS Group AG now owns 12,164 shares of the energy company’s stock worth $44,000 after buying an additional 5,340 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Ramaco Resources during the fourth quarter worth $44,000. Barclays PLC increased its holdings in shares of Ramaco Resources by 102.0% during the fourth quarter. Barclays PLC now owns 8,382 shares of the energy company’s stock worth $30,000 after buying an additional 4,232 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Ramaco Resources by 5.8% during the fourth quarter. State Street Corp now owns 110,632 shares of the energy company’s stock worth $396,000 after buying an additional 6,102 shares in the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

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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Analyst Recommendations for Ramaco Resources (NASDAQ:METC)

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