Investment Analysts’ Weekly Ratings Updates for Ramaco Resources (METC)

Ramaco Resources (NASDAQ: METC) recently received a number of ratings updates from brokerages and research firms:

  • 2/28/2017 – Ramaco Resources is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $14.00 price target on the stock.
  • 2/28/2017 – Ramaco Resources is now covered by analysts at Clarkson Capital. They set a “buy” rating and a $19.00 price target on the stock.
  • 2/28/2017 – Ramaco Resources is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $14.00 price target on the stock.
  • 2/28/2017 – Ramaco Resources is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $16.00 price target on the stock.
  • 2/28/2017 – Ramaco Resources is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $15.00 price target on the stock.

Ramaco Resources Inc (NASDAQ:METC) traded down 7.67% on Monday, reaching $9.03. The company’s stock had a trading volume of 304,860 shares. Ramaco Resources Inc has a 52-week low of $8.82 and a 52-week high of $14.78. The firm has a 50-day moving average price of $11.40 and a 200 day moving average price of $11.40.

In other news, major shareholder Energy Capital Partners Mezzan sold 1,460,060 shares of Ramaco Resources stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $13.50, for a total value of $19,710,810.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.

5 Day Chart for NASDAQ:METC

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