Ramaco Resources dividend calculator – Ramaco Resources Increases Dividend, Forecasts $45M-$55M 2024 Capital Expenditures
December 7, 2023
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Ramaco Resources ($NASDAQ:METC), Inc. is a coal and mineral-based resources company focused on developing and operating high-quality, low-cost energy supply for the markets it serves. Recently, the company announced an increase in its dividend, as well as forecast capital expenditures of $45M-$55M for 2024. This news has been well received by investors, driving the stock up significantly. Ramaco Resources is primarily focused on the development of metallurgical and thermal coal in the Central Appalachia region, as well as oil and natural gas in the Rocky Mountain region. It also operates its own coal handling and storage facilities, which provide a reliable supply of energy to its customers.
The increase in dividend and projected capital expenditures for 2024 are a testament to the company’s commitment to growth and profitability. With a strong outlook for the future, investors are confident that Ramaco Resources will continue to deliver excellent returns for its shareholders. By investing in Ramaco Resources, investors have an opportunity to benefit from the company’s success in the years to come.
Dividends – Ramaco Resources dividend calculator
RAMACO Resources has recently increased its dividend per share from 0.49 USD to 0.45 USD for the last two years. Investors have been rewarded with an average dividend yield of 5.44%, with yields ranging from 6.19% in 2022 to 4.68% in 2023. This makes RAMACO Resources a great option for investors who are looking for dividend stocks.
Further, the company has forecasted between $45M-$55M in capital expenditures for 2024. This could indicate that RAMACO Resources is gearing up for growth in the near future.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ramaco Resources. More…
| Total Revenues | Net Income | Net Margin |
| 626.02 | 66.66 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ramaco Resources. More…
| Operations | Investing | Financing |
| 148.55 | -91.64 | -61.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ramaco Resources. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 646.71 | 294.11 | 6.69 |
Key Ratios Snapshot
Some of the financial key ratios for Ramaco Resources are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 56.5% | 72.0% | 12.6% |
| FCF Margin | ROE | ROA |
| 8.3% | 14.3% | 7.6% |
Market Price
RAMACO RESOURCES has recently reported an increase in its dividend and a forecast of $45-$55 million in capital expenditures for 2024. On Wednesday, the company’s stock opened at $17.9 and closed at $17.5, a 0.7% decrease from the previous closing price of $17.6. This indicates investor sentiment is not particularly optimistic about the reported figures.
However, the increase in the dividend and capital expenditure forecast demonstrate RAMACO RESOURCES’ commitment to long-term growth. The company is optimistic that these investments will bear fruit in the future, providing a greater return to shareholders. Live Quote…
Analysis – Ramaco Resources Stock Fair Value
At GoodWhale, we conducted an analysis of RAMACO RESOURCES‘s wellbeing. Our proprietary Valuation Line revealed that the intrinsic value of RAMACO RESOURCES shares is around $11.4. Currently, RAMACO RESOURCES stock is traded at $17.5, exceeding the intrinsic value by 53.7%. This indicates an overvaluation of RAMACO RESOURCES stock. More…
Peers
The company’s competitors include Alpha Metallurgical Resources Inc, Corsa Coal Corp, and Bowen Coking Coal Ltd.
– Alpha Metallurgical Resources Inc ($NYSE:AMR)
Metallurgical Resources Inc is a Canadian company that operates in the mining industry. The company has a market capitalization of $3.09 billion as of 2022 and a return on equity of 82.18%. The company’s primary business is the development and extraction of metals and minerals. The company’s products include copper, gold, silver, and zinc. The company has operations in Canada, the United States, Mexico, and Peru.
– Corsa Coal Corp ($TSXV:CSO)
Corsa Coal Corp is a coal mining company with a market cap of 25.82M as of 2022. The company has a Return on Equity of 1.34%. Corsa Coal Corp produces and exports metallurgical and thermal coal. The company operates mines in Pennsylvania and West Virginia. Corsa Coal Corp was founded in 2004 and is headquartered in Canonsburg, Pennsylvania.
– Bowen Coking Coal Ltd ($ASX:BCB)
Bowen Coking Coal Ltd is an Australian company that produces and exports coking coal. The company has a market capitalization of $522.31 million as of 2022 and a return on equity of -17.6%. Bowen Coking Coal is one of the largest coking coal producers in Australia and exports its coal to customers in Asia, Europe, and North America.
Summary
Ramaco Resources is an attractive investment opportunity for investors. The company recently increased its dividend, which has caused its share price to rise. Ramaco also plans to invest $45M to $55M in capital expenditure in 2024. This suggests that the company is committed to long-term growth and profitability. Analysts recommend buying Ramaco Resources stock due to its strong fundamentals and the potential for future growth.
Additionally, the company’s strong balance sheet and healthy cash flow provide support for its operations. With these factors in mind, investors should consider investing in Ramaco Resources.
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