
Ramaco Resources (METC) Stock Forecast & Price Target
Ramaco Resources (METC) Analyst Ratings
Bulls say
Ramaco Resources Inc. is expected to enhance its production capacity, aiming for a run rate of approximately 5 million tons per year by the end of the year, which is anticipated to contribute positively to revenue growth while simultaneously lowering costs per ton. The company's cost per ton has reportedly improved by $10 quarter-over-quarter due to resolving geological and labor challenges, alongside increased productivity levels and a favorable shift towards higher-priced low-vol coal production. Additionally, with the Maben prep plant's completion projected for early fourth quarter, Ramaco anticipates significant savings in trucking costs, further bolstering its financial position amid signs of revitalized demand from international markets.
Bears say
Ramaco Resources Inc. has experienced a downward revision of its full-year EBITDA estimate to $128 million, down from $142 million, alongside a decrease in the 3Q EBITDA estimate to $23 million from $40 million. Production results fell short of expectations, with sales of 915,000 tons compared to the anticipated 950,000 tons, indicating challenges in both domestic and international markets due to persistent negative conditions in China and uncertainty in Europe related to the Ukraine situation. In response to the current pricing environment, the company is reducing higher-cost production and has lowered its sales guidance by 200,000 tons, reflecting ongoing operational challenges and market volatility that contribute to a negative outlook.
This aggregate rating is based on analysts' research of Ramaco Resources and is not a guaranteed prediction by Public.com or investment advice.
Ramaco Resources (METC) Analyst Forecast & Price Prediction
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