Ramaco Resources Inc (METC) Receives $15.60 Consensus Target Price from Brokerages

Ramaco Resources Inc (METC) Receives $15.60 Consensus Target Price from Brokerages

Shares of Ramaco Resources Inc (NASDAQ:METC) have earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.60.

A number of equities analysts have recently commented on METC shares. Jefferies Group LLC started coverage on Ramaco Resources in a report on Tuesday, February 28th. They set a “buy” rating and a $16.00 price target for the company. BMO Capital Markets reissued a “buy” rating and set a $15.00 price target on shares of Ramaco Resources in a report on Friday, March 31st. Clarkson Capital started coverage on Ramaco Resources in a report on Tuesday, February 28th. They set a “buy” rating and a $19.00 price target for the company. Seaport Global Securities started coverage on Ramaco Resources in a report on Tuesday, February 28th. They set a “buy” rating and a $14.00 price target for the company. Finally, Credit Suisse Group AG started coverage on Ramaco Resources in a report on Tuesday, February 28th. They set an “outperform” rating and a $14.00 price target for the company.

Shares of Ramaco Resources (NASDAQ:METC) traded down 5.12% during mid-day trading on Wednesday, hitting $6.12. The stock had a trading volume of 180,811 shares. The firm’s market cap is $239.06 million. Ramaco Resources has a 52 week low of $6.05 and a 52 week high of $13.64. The stock has a 50 day moving average price of $8.45 and a 200 day moving average price of $9.78.

In other Ramaco Resources news, major shareholder Energy Capital Partners Mezzan sold 1,460,060 shares of the company’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $13.50, for a total value of $19,710,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A hedge fund recently bought a new stake in Ramaco Resources stock. Wells Fargo & Company MN bought a new position in Ramaco Resources Inc (NASDAQ:METC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 162,935 shares of the energy company’s stock, valued at approximately $1,576,000. Wells Fargo & Company MN owned about 0.42% of Ramaco Resources as of its most recent SEC filing.

About Ramaco Resources

Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.

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