B. Riley has revised its price target for Ramaco Resources (METC, Financial), adjusting it from $18 to $14 while maintaining a Buy rating on the stock. This adjustment comes as part of a broader reduction in estimates for companies involved in metallurgical coal, ahead of their first-quarter financial results. On average, these Q1 estimates have been reduced by 29%.
Investors are advised to monitor the company's margins closely under current market conditions. There is a looming possibility of production cuts later in the year if the market remains stagnant or worsens. Additionally, the global landscape for metallurgical coal is somewhat uncertain due to ongoing tariff discussions, which pose a risk to overall demand and growth.
U.S. exports of metallurgical coal to China have already started to be redirected due to existing trade routes. However, any broad-based tariffs could further impact global demand, raising concerns about future sales and pricing for companies like Ramaco Resources.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Ramaco Resources Inc (METC, Financial) is $13.83 with a high estimate of $18.00 and a low estimate of $9.50. The average target implies an upside of 79.65% from the current price of $7.70. More detailed estimate data can be found on the Ramaco Resources Inc (METC) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Ramaco Resources Inc's (METC, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ramaco Resources Inc (METC, Financial) in one year is $13.39, suggesting a upside of 73.9% from the current price of $7.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ramaco Resources Inc (METC) Summary page.
