Ramaco Sources (NASDAQ:METC – Get Ranking) had its value goal trimmed by Benchmark from $14.00 to $13.00 in a analysis report report printed on Friday, Inventory Goal Advisor studies. The brokerage presently has a purchase score on the power firm’s inventory.
Individually, BMO Capital Markets elevated their value goal on Ramaco Sources from $10.00 to $14.00 and gave the corporate a market carry out score in a report on Wednesday, November ninth.
Ramaco Sources Buying and selling Down 2.3 %
Shares of NASDAQ:METC opened at $9.00 on Friday. The enterprise’s 50-day shifting common is $10.89 and its 200 day shifting common is $11.56. Ramaco Sources has a 1 12 months low of $8.43 and a 1 12 months excessive of $21.73. The agency has a market capitalization of $397.10 million, a P/E ratio of three.36 and a beta of 1.07. The corporate has a debt-to-equity ratio of 0.21, a present ratio of 0.94 and a fast ratio of 0.68.
Ramaco Sources (NASDAQ:METC – Get Ranking) final introduced its earnings outcomes on Monday, November seventh. The power firm reported $0.67 earnings per share (EPS) for the quarter, lacking the consensus estimate of $1.13 by ($0.46). Ramaco Sources had a internet margin of 23.22% and a return on fairness of 47.39%. The enterprise had income of $136.93 million for the quarter, in comparison with analyst estimates of $167.00 million. On common, analysis analysts predict that Ramaco Sources will put up 2.82 earnings per share for the present fiscal 12 months.
Ramaco Sources Will increase Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which shall be paid on Wednesday, March 15th. Buyers of file on Wednesday, March 1st shall be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.56%. It is a constructive change from Ramaco Sources’s earlier quarterly dividend of $0.11. The ex-dividend date is Tuesday, February 28th. Ramaco Sources’s dividend payout ratio (DPR) is 16.79%.
Institutional Buying and selling of Ramaco Sources
A number of hedge funds and different institutional traders have not too long ago purchased and offered shares of METC. JPMorgan Chase & Co. grew its holdings in Ramaco Sources by 533.0% throughout the first quarter. JPMorgan Chase & Co. now owns 959,504 shares of the power firm’s inventory price $15,160,000 after buying a further 807,921 shares throughout the interval. Intrinsic Edge Capital Administration LLC acquired a brand new stake in Ramaco Sources throughout the second quarter price about $9,199,000. Embody Capital Advisors LLC acquired a brand new stake in Ramaco Sources throughout the third quarter price about $4,682,000. Healthcare of Ontario Pension Plan Belief Fund acquired a brand new stake in Ramaco Sources throughout the first quarter price about $7,966,000. Lastly, Wedge Capital Administration L L P NC grew its holdings in Ramaco Sources by 1,817.5% throughout the second quarter. Wedge Capital Administration L L P NC now owns 521,042 shares of the power firm’s inventory price $6,852,000 after buying a further 493,869 shares throughout the interval. 67.48% of the inventory is owned by institutional traders and hedge funds.
About Ramaco Sources
Ramaco Sources, Inc produces and sells metallurgical coal. The corporate’s growth portfolio contains the Elk Creek challenge consisting of roughly 20,200 acres of managed mineral and 16 seams situated in southern West Virginia; the Berwind property comprising roughly 41,300 acres of managed mineral and an space of Squire Jim seam coal deposits, which is located on the border of West Virginia and Virginia; the Knox Creek property consisting of roughly 62,100 acres of managed mineral that’s situated in Virginia; and the RAM Mine property comprising roughly 1,570 acres of managed mineral, which is located in southwestern Pennsylvania.
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