Profile
Sector:
Basic MaterialsIndustry:
Coking CoalCountry:
United StatesIPO:
03 February 2017Website:
http://ramacoresources.comNext earnings report:
08 November 2024Last dividends:
30 August 2024Next dividends:
N/APrice
after hours | 79 min agoAnalysts recommendations
Institutional Ownership
METC Latest News
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.
Ramaco Resources (METC) could produce exceptional returns because of its solid growth attributes.
The average of price targets set by Wall Street analysts indicates a potential upside of 30.9% in Ramaco Resources (METC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here is how Ramaco Resources (METC) and Sunoco LP (SUN) have performed compared to their sector so far this year.
RBB, METC and TM made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 9, 2024.
What type of business is Ramaco Resources?
Ramaco Resources, Inc. engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming. The company serves blast furnace steel mills and coke plants in the United States, as well as metallurgical coal consumers internationally. Ramaco Resources, Inc. was founded in 2015 and is headquartered in Lexington, Kentucky.
What sector is Ramaco Resources in?
Ramaco Resources is in the Basic Materials sector
What industry is Ramaco Resources in?
Ramaco Resources is in the Coking Coal industry
What country is Ramaco Resources from?
Ramaco Resources is headquartered in United States
When did Ramaco Resources go public?
Ramaco Resources initial public offering (IPO) was on 03 February 2017
What is Ramaco Resources website?
https://ramacoresources.com
Is Ramaco Resources in the S&P 500?
No, Ramaco Resources is not included in the S&P 500 index
Is Ramaco Resources in the NASDAQ 100?
No, Ramaco Resources is not included in the NASDAQ 100 index
Is Ramaco Resources in the Dow Jones?
No, Ramaco Resources is not included in the Dow Jones index
When was Ramaco Resources the previous earnings report?
No data
When does Ramaco Resources earnings report?
The next expected earnings date for Ramaco Resources is 08 November 2024