B. Riley Securities Sticks to Their Buy Rating for Ramaco Resources (METC)

In a report released today, from B. Riley Securities maintained a Buy rating on Ramaco Resources, with a price target of $22.00.

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In addition to B. Riley Securities, Ramaco Resources also received a Buy from Northland Securities’s Jeff Grampp in a report issued today. However, on the same day, Goldman Sachs maintained a Hold rating on Ramaco Resources (NASDAQ: METC).

Based on Ramaco Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $128.01 million and a GAAP net loss of $14.71 million. In comparison, last year the company earned a revenue of $170.89 million and had a net profit of $3.86 million

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of METC in relation to earlier this year. Earlier this month, Discovery Capital Management, Llc Ct, a Major Shareholder at METC sold 200,000.00 shares for a total of $2,958,000.00.