Ramaco Resources Inc has a consensus price target of $16.7 based on the ratings of 5 analysts. The high is $21 issued by UBS on January 16, 2024. The low is $12 issued by BMO Capital on November 9, 2023. The 3 most-recent analyst ratings were released by B. Riley Securities, B. Riley Securities, and Benchmark on September 17, 2024, September 6, 2024, and August 29, 2024, respectively. With an average price target of $19 between B. Riley Securities, B. Riley Securities, and Benchmark, there's an implied 91.82% upside for Ramaco Resources Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Ramaco Resources (NASDAQ:METCB) was reported by B. Riley Securities on September 17, 2024. The analyst firm set a price target for $18.00 expecting METCB to rise to within 12 months (a possible 81.73% upside). 12 analyst firms have reported ratings in the last year.
The latest analyst rating for Ramaco Resources (NASDAQ:METCB) was provided by B. Riley Securities, and Ramaco Resources maintained their buy rating.
The last upgrade for Ramaco Resources Inc happened on June 7, 2022 when Jefferies raised their price target to $25. Jefferies previously had a hold for Ramaco Resources Inc.
There is no last downgrade for Ramaco Resources.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ramaco Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ramaco Resources was filed on September 17, 2024 so you should expect the next rating to be made available sometime around September 17, 2025.
While ratings are subjective and will change, the latest Ramaco Resources (METCB) rating was a maintained with a price target of $19.00 to $18.00. The current price Ramaco Resources (METCB) is trading at is $9.90, which is out of the analyst’s predicted range.
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