Ramaco Resources Class AMETC
Market Cap: $518M
About: Ramaco Resources Inc is a United States-based company that operates as a pure-play metallurgical coal company with operations in southern West Virginia and southwestern Virginia. Its portfolio includes high-quality metallurgical coal reserves and resources, with a focus on properties such as Elk Creek, Berwind, Knox Creek, and Maben. These properties are strategically located to serve North American blast furnace steel mill and coke plants, as well as international metallurgical coal consumers. Additionally, the company controls mineral deposits in Sheridan, Wyoming, exploring potential opportunities in rare earth elements and coal-to-carbon-based products. Operations are concentrated in the Appalachian basin, with active mines at Elk Creek, Berwind, Knox Creek, and Maben mining complexes.
Employees: 811
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 49
3.66% less ownership
Funds ownership: 75.17% [Q1] → 71.52% (-3.66%) [Q2]
5% less funds holding
Funds holding: 152 [Q1] → 145 (-7) [Q2]
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
30% less capital invested
Capital invested by funds: $560M [Q1] → $395M (-$165M) [Q2]
41% less call options, than puts
Call options by funds: $6.21M | Put options by funds: $10.5M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B. Riley Securities Lucas Pipes 60% 1-year accuracy 30 / 50 met price target | 92%upside $19 | Buy Maintained | 6 Sept 2024 |
Benchmark Nathan Martin 42% 1-year accuracy 14 / 33 met price target | 102%upside $20 | Buy Reiterated | 29 Aug 2024 |
Benchmark Nathan Martin 42% 1-year accuracy 14 / 33 met price target | 102%upside $20 | Buy Reiterated | 9 Aug 2024 |