In the last trading session, 2.28 million Ramaco Resources Inc (NASDAQ:METC) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $13.14 changed hands at $0.94 or 7.70% during last session, the market valuation stood at $667.79M. METC’s last price was a discount, traded about -8.22% off its 52-week high of $14.22. The share price had its 52-week low at $5.93, which suggests the last value was 54.87% up since then. When we look at Ramaco Resources Inc’s average trading volume, we note the 10-day average is 1.49 million shares, with the 3-month average coming to 892.14K.
Analysts gave the Ramaco Resources Inc (METC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended METC as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight.
Ramaco Resources Inc (NASDAQ:METC) trade information
Instantly METC was in green as seen at the end of in last trading. With action 13.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.53%, with the 5-day performance at 13.28% in the green. However, in the 30-day time frame, Ramaco Resources Inc (NASDAQ:METC) is 53.14% up. Looking at the short shares, we see there were 3.79 million shares sold at short interest cover period of 5.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need a downside of -9.5% from its current market value. According to analyst projections, METC’s forecast low is 12 with 12 as the target high. To hit the forecast high, the stock’s price needs a 8.68% surge from its current level, while the stock would need to tank 8.68% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.33%. The 2025 estimates are for Ramaco Resources Inc earnings to decrease by -518.13%, but the outlook for the next 5-year period is at 109.38% per year.
METC Dividends
Ramaco Resources Inc is expected to release its next quarterly earnings report on 2025-May-12. The 0.96% annual yield figure for the share gives it an annual dividend of 0.13. It is important to note, however, that the 0.96% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Ramaco Resources Inc (NASDAQ:METC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.52% of Ramaco Resources Inc shares while 75.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.14%. There are 75.29% institutions holding the Ramaco Resources Inc stock share, with YORKTOWN ENERGY PARTNERS IX, L.P. the top institutional holder. As of 2024-06-30, the company held 9.6277% of the shares, roughly 4.85 million METC shares worth $60.44 million.
YORKTOWN ENERGY PARTNERS XI, L.P. holds the second largest percentage of outstanding shares, with 9.5895% or 4.84 million shares worth $60.2 million as of 2024-06-30.
