The prevailing narrative surrounding coal provides a bleak picture of a fuel source in terminal decline, overshadowed by cleaner, cheaper alternatives and facing mounting pressure from environmentalists and investors. Divestment from coal assets is widespread, and the industry's long-term trajectory appears definitively downward.
Ramaco Resources, Inc. (NASDAQ:METC ) Q4 2024 Earnings Conference Call March 11, 2025 9:00 AM ET Company Participants Jeremy Sussman - CFO Randy Atkins - Chairman and CEO Chris Blanchard - EVP, Mine Planning and Development Jason Fannin - Chief Commercial Officer Conference Call Participants Nick Giles - B. Riley Securities Chris LaFemina - Jefferies Nathan Martin - The Benchmark Company Operator Good day, ladies and gentlemen, and welcome to Ramaco Resources Fourth Quarter 2024 Results Conference Call.
Ramaco Resources (METC) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ramaco Resources (METC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.45 per share a year ago.
SHERIDAN, Wyo. , Sept. 30, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) announced today it has hired Dr. Vishnu Sundaresan as senior vice president of Technology to help lead the company's expanding rare earth element (REEs) and carbon products activities.
Declining metallurgical coal prices and global steel demand, especially due to the increase in China's steel exports, had a direct impact on Ramaco's recent financial performance. Despite these headwinds, Ramaco increased coal production by 7% in Q2, and net income by 175%, signaling good results from their cost control plans. The 40% YTD share price decline, lack of cluster insider buying activity, and a potential further decline down to the $7-$8 support level make me cautious about buying shares now.
Ramaco Resources (METC) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.15 per share. This compares to earnings of $0.17 per share a year ago.
LEXINGTON, Ky. , Aug. 7, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company"), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming.
LEXINGTON, Ky. , Aug. 6, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB, "Ramaco" or the "Company") today released additional information regarding the Brook Mine project in Wyoming, as well as third-party groups advancing the development of rare earth and critical mineral deposits at the site.