Ramaco Resources (METC) Expected to Announce Quarterly Earnings on Thursday

Ramaco Resources (NASDAQ:METC) is anticipated 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 Price Performance

Ramaco Resources stock opened at $8.49 on Wednesday. The firm has a market capitalization of $445.97 million, a P/E ratio of 13.06 and a beta of 1.17. Ramaco Resources has a 1 year low of $8.34 and a 1 year high of $20.42. The business has a 50-day moving average of $9.78 and a 200-day moving average of $10.81. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 0.23.

Ramaco Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Friday, February 28th. Ramaco Resources’s dividend payout ratio (DPR) is currently 84.62%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their price objective on Ramaco Resources from $19.00 to $13.00 and set a “buy” rating on the stock in a research report 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.