▲ +33.05% 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 $6.33, with a high forecast of $9.00 and a low forecast of $4.00. The average price target represents a 33.05% upside from the last price of $4.76.
The current consensus among 3 polled investment analysts is to buy stock in Ramaco Resources. This Buy consensus rating has held steady for over two years.
Ramaco Resources, Inc. produces and sells metallurgical coal The company's development portfolio includes the Elk Creek project consisting of approximately 20,552 acres of controlled mineral and 24 seams located in southern West Virginia; the Berwind coal property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 61,343 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,567 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.