In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Ramaco Resources Inc (NASDAQ: METC), with a price target of $11.50. The company’s shares closed yesterday at $7.66.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.5% and a 61.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.
Currently, the analyst consensus on Ramaco Resources Inc is a Moderate Buy with an average price target of $11.50.
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Ramaco Resources Inc’s market cap is currently $307M and has a P/E ratio of 51.07. The company has a Price to Book ratio of 2.36.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of METC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ramaco Resources, Inc. engages in the operation and development of coal mining properties. The firm deals with metallurgical coal in central and southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. Its portfolio consists of Elk Creek, Berwind, RAM Mine, and Knox Creek. The company is headquartered in Lexington, KY.
