ValuEngine upgraded shares of Ramaco Resources (NASDAQ:METC) from a sell rating to a hold rating in a research note issued to investors on Monday morning.
METC has been the topic of a number of other reports. B. Riley began coverage on Ramaco Resources in a research report on Friday, June 1st. They set a buy rating and a $10.00 target price on the stock. Zacks Investment Research lowered Ramaco Resources from a buy rating to a hold rating in a research report on Friday, August 10th. Finally, TheStreet lowered Ramaco Resources from a c- rating to a d rating in a research report on Monday, August 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $9.25.
Shares of NASDAQ METC opened at $7.15 on Monday. Ramaco Resources has a 1 year low of $3.81 and a 1 year high of $9.35. The stock has a market cap of $311.84 million, a PE ratio of -17.44 and a beta of 1.07.
Institutional investors have recently made changes to their positions in the stock. GeoSphere Capital Management LLC bought a new stake in Ramaco Resources in the second quarter valued at about $109,000. Waratah Capital Advisors Ltd. bought a new stake in Ramaco Resources in the first quarter valued at about $470,000. Unigestion Holding SA bought a new stake in Ramaco Resources in the second quarter valued at about $870,000. Finally, BlackRock Inc. increased its holdings in Ramaco Resources by 4.7% in the first quarter. BlackRock Inc. now owns 313,669 shares of the energy company’s stock valued at $2,256,000 after buying an additional 14,045 shares during the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.
Ramaco Resources Company Profile
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 18,728 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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