Ramaco Resources (METC) to Release Quarterly Earnings on Thursday

Ramaco Resources (NASDAQ:METC) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $166.59 million for the quarter.

Ramaco Resources Trading Down 2.0 %

NASDAQ:METC opened at $8.76 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $460.15 million, a PE ratio of 13.48 and a beta of 1.16. The firm’s 50 day moving average is $9.81 and its 200 day moving average is $10.83. Ramaco Resources has a 12 month low of $8.71 and a 12 month high of $20.70.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.1375 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a yield of 6.28%. Ramaco Resources’s dividend payout ratio is 84.62%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price objective on shares of Ramaco Resources from $19.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

About 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.