Goldman Sachs Reaffirms Their Hold Rating on Ramaco Resources (METC)

In a report released yesterday, Brian K. Lee from Goldman Sachs maintained a Hold rating on Ramaco Resources, with a price target of $13.00. The company’s shares closed yesterday at $12.23.

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K. Lee covers the Technology sector, focusing on stocks such as Nextpower Inc, Sunrun, and SolarEdge Technologies. According to TipRanks, K. Lee has an average return of 1.3% and a 44.35% success rate on recommended stocks.

Ramaco Resources has an analyst consensus of Moderate Buy, with a price target consensus of $20.60, implying a 68.44% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $13.00 price target.

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.