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Morgan Stanley Reaffirms Their Hold Rating on Ramaco Resources (METC)

Tipranks - Thu Jul 9, 5:26AM CDT

Morgan Stanley analyst Carlos De Alba maintained a Hold rating on Ramaco Resources today and set a price target of $13.00.

55% Off TipRanks

According to TipRanks, De Alba is a 5-star analyst with an average return of 16.1% and a 57.14% success rate. De Alba covers the Basic Materials sector, focusing on stocks such as Alcoa, Freeport-McMoRan, and Ramaco Resources.

Ramaco Resources has an analyst consensus of Moderate Buy, with a price target consensus of $21.20.

Based on Ramaco Resources’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $121.61 million and a GAAP net loss of $18.32 million. In comparison, last year the company earned a revenue of $134.66 million and had a GAAP net loss of $9.46 million

Based on the recent corporate insider activity of 45 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. Last month, Peter Leidel, a Director at METC sold 179,885.00 shares for a total of $2,752,240.50.

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