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

Ramaco Resources (NASDAQ:METC) will likely be issuing its quarterly earnings data 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 3.1 %

NASDAQ METC opened at $8.49 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.35 and a quick ratio of 0.86. The firm’s fifty day moving average price is $9.78 and its 200 day moving average price is $10.81. The company has a market capitalization of $445.97 million, a price-to-earnings ratio of 13.06 and a beta of 1.17. Ramaco Resources has a 12 month low of $8.34 and a 12 month high of $20.42.

Ramaco Resources Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Ramaco Resources Company Profile

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.