Benchmark Co. Reaffirms Their Buy Rating on Ramaco Resources (METC)

In a report released today, Nathan Martin from Benchmark Co. maintained a Buy rating on Ramaco Resources, with a price target of $38.00. The company’s shares closed yesterday at $28.22.

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Martin covers the Basic Materials sector, focusing on stocks such as Ramaco Resources, Teck Resources, and Suncoke Energy. According to TipRanks, Martin has an average return of 30.4% and a 66.17% success rate on recommended stocks.

Currently, the analyst consensus on Ramaco Resources is a Strong Buy with an average price target of $44.00, implying a 55.92% upside from current levels. In a report released today, Robert W. Baird also maintained a Buy rating on the stock with a $43.00 price target.

The company has a one-year high of $57.80 and a one-year low of $6.30. Currently, Ramaco Resources has an average volume of 3.55M.

Based on the recent corporate insider activity of 58 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.