Analyst Price Target is $19.67
▲ +92.06% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Ramaco Resources in the last 3 months. The average price target is $19.67, with a high forecast of $21.00 and a low forecast of $18.00. The average price target represents a 92.06% upside from the last price of $10.24.
Current Consensus is
Moderate Buy
The current consensus among 3 investment analysts is to moderate buy stock in Ramaco Resources. This Moderate Buy consensus rating has held steady for over two years.
Ramaco Resources, Inc. engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming. The company serves blast furnace steel mills and coke plants in the United States, as well as metallurgical coal consumers internationally. Ramaco Resources, Inc. was founded in 2015 and is headquartered in Lexington, Kentucky.
Read More
