Ramaco Resources, Inc. (NASDAQ:METC – Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Saturday, June 1st will be given a dividend of 0.138 per share by the energy company on Saturday, June 15th. This represents a $0.55 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, May 31st.
Ramaco Resources has a payout ratio of 26.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ramaco Resources to earn $2.13 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 25.8%.
Ramaco Resources Stock Down 3.2 %
Shares of METC stock traded down $0.42 on Friday, reaching $12.88. 532,743 shares of the company’s stock traded hands, compared to its average volume of 893,658. The company has a market capitalization of $570.11 million, a P/E ratio of 7.38 and a beta of 1.15. Ramaco Resources has a 12-month low of $7.26 and a 12-month high of $22.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.90 and a current ratio of 1.12. The business’s 50 day moving average price is $16.53 and its two-hundred day moving average price is $16.87.
Analyst Upgrades and Downgrades
A number of analysts have commented on METC shares. B. Riley lowered their target price on shares of Ramaco Resources from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday. UBS Group started coverage on shares of Ramaco Resources in a research report on Tuesday, January 16th. They set a “neutral” rating and a $21.00 price target on the stock. Finally, Benchmark reduced their target price on Ramaco Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.50.
Read Our Latest Stock Report on METC
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.
Recommended Stories
- Five stocks we like better than Ramaco Resources
- 3 REITs to Buy and Hold for the Long Term
- Bounce Alert: 3 Large Caps With RSIs Too Good To Ignore
- Business Services Stocks Investing
- Unity Software’s Mixed Q1, But Long-Term Outlook Remains Positive
- What to Know About Investing in Penny Stocks
- JFrog Stock Gets Punished for Solid Results: Buy the Dip
Receive News & Ratings for Ramaco Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ramaco Resources and related companies with MarketBeat.com's FREE daily email newsletter.