Ramaco Resources (NASDAQ:METCB) Issues Quarterly Earnings Results

Ramaco Resources (NASDAQ:METCB) released its earnings results on Tuesday. The company reported ($0.32) earnings per share for the quarter, Zacks reports. Ramaco Resources had a negative net margin of 12.24% and a negative return on equity of 15.43%. The company had revenue of $150.09 million during the quarter.

Ramaco Resources Stock Performance

Shares of METCB stock opened at $3.92 on Thursday. The company’s fifty day simple moving average is $4.98 and its two-hundred day simple moving average is $8.66. Ramaco Resources has a 1 year low of $3.57 and a 1 year high of $17.22. The company has a debt-to-equity ratio of 1.23, a current ratio of 4.23 and a quick ratio of 3.31.

Ramaco Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.0742 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Friday, December 4th.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Ramaco Resources from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Ramaco Resources currently has an average rating of “Sell”.

Ramaco Resources Company Profile

Ramaco Resources, Inc is a coal company that develops, operates and sells metallurgical coal, a key raw material used in steelmaking. The company produces several grades of metallurgical coal for domestic and international steel and coke markets, with its activities focused primarily on mining, processing and marketing coal.

Ramaco Resources operates in the Central Appalachian region, including assets in southern West Virginia and southwestern Virginia. Its portfolio has included the Elk Creek complex and other development and production properties in the region.