Key Takeaways From Ramaco Resources Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have provided ratings for Ramaco Resources (NASDAQ:METC) over the past three months, with all four analysts giving a bullish rating. The average 12-month price target is $19.25, down from a previous $20.00. Analysts have adjusted their ratings and price targets based on market conditions and company performance. Ramaco Resources, a metallurgical coal company, has shown a 12.98% revenue growth rate but faces challenges with a low net margin and ROA.
September 17, 2024 | 1:00 pm
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Ramaco Resources has received bullish ratings from analysts, with a current average price target of $19.25, slightly lower than the previous $20.00. The company has shown strong revenue growth but faces challenges with profitability and asset utilization.
The bullish ratings from all analysts and the slight decrease in the average price target suggest a positive short-term outlook for METC. The company's strong revenue growth supports this, although challenges in profitability and asset utilization may temper expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100