Ramaco Resources, Inc. (NASDAQ:METC) is reporting third quarter financial results on Tuesday 3rd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, METC is expected to report 3Q20 loss of $ 0.04 per share from revenue of $ 37.33 million.
For the full year, analysts anticipate top line of $ 156.03 million, while looking forward to income of $ 0.05 per share bottom line.
Previous Quarter Performance
Ramaco Resources, Inc. unfold income for the second quarter of $ 0.06 per share, from the revenue of $ 36.37 million. The quarterly earnings down 76.92 percent while revenues contracted 44.69 percent compared with the same quarter last year.
Wall street analysts are predicting, METC to report 2Q20 loss of $ 0.07 per share from revenue of $ 30.54 million. The bottom line results beat street analysts by $ 0.13 or 185.71 percent, at the same time, top line results outshined analysts by $ 5.83 million or 19.09 percent.
Stock Performance
Shares of Ramaco Resources, Inc. traded up $ 0.21 or 7.50 percent on Monday, reaching $ 3.01 with volume of 75.90 thousand shares. Ramaco Resources, Inc. has traded high as $ 3.02 and has cracked $ 2.77 on the downward trend
The closing price of $ 3.01, representing a 60.00 % increase from the 52 week low of $ 1.75 and a 32.85 % decrease over the 52 week high of $ 4.17.
The company has a market capital of $ 128.29 million and is part of the Basic Materials sector and Coal industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Benchmark at Buy rating, with $ 5.00 target price.
Ramaco Resources, Inc. produces and sells metallurgical coal in the United States. The companys development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; and the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia.
