Ramaco Resources, Inc. (METC)
NASDAQ: METC · IEX Real-Time Price · USD
14.27
-0.45 (-3.06%)
At close: Jul 19, 2024, 4:00 PM
14.32
+0.05 (0.35%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Ramaco Resources Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Ramaco Resources stock have an average target of 16.42, with a low estimate of 11 and a high estimate of 22. The average target predicts an increase of 15.07% from the current stock price of 14.27.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for METC stock from 6 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Maintains $24 → $20 | Strong Buy | Maintains | $24 → $20 | +40.15% | May 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $24 → $22 | Strong Buy | Maintains | $24 → $22 | +54.17% | May 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $25 → $24 | Strong Buy | Maintains | $25 → $24 | +68.19% | Apr 15, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $32 → $25 | Strong Buy | Maintains | $32 → $25 | +75.19% | Mar 12, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $20 → $27 | Strong Buy | Maintains | $20 → $27 | +89.21% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
777.28M
from 693.52M
Increased by 12.08%
Revenue Next Year
857.64M
from 777.28M
Increased by 10.34%
EPS This Year
1.14
from 0.70
Increased by 63.20%
EPS Next Year
2.04
from 1.14
Increased by 78.87%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 802.2M | 905.1M | 915.5M |
| Avg | 777.3M | 857.6M | 824.7M |
| Low | 744.9M | 803.3M | 730.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.7% | 16.4% | 6.8% |
| Avg | 12.1% | 10.3% | -3.8% |
| Low | 7.4% | 3.3% | -14.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.18 | 2.34 | 2.40 |
| Avg | 1.14 | 2.04 | 1.57 |
| Low | 1.10 | 1.72 | 0.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 68.0% | 105.0% | 17.7% |
| Avg | 63.2% | 78.9% | -23.3% |
| Low | 56.8% | 51.0% | -70.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.