Ramaco Resources Set to Report Q3 Results: What to Know

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Ramaco Resources Stock Fair Value – The company operates mines in the Appalachian region of the United States, with a focus on metallurgical coal used in steelmaking. Ramaco Resources ($NASDAQ:METC) is set to report results for the quarter ended September 30, 2018.

Wall Street analysts are expecting that the company’s earnings will have grown year-over-year on the back of higher revenues. Ramaco Resources has been focused on growing its production and sales of metallurgical coal in recent years.

Earnings

Ramaco Resources is set to report its third quarter results soon. investors are eagerly awaiting the report, as the company has seen strong growth in recent years. In its last earning report for fiscal year 2022, Ramaco Resources earned a total of 457.4 million dollars in revenue, and net income of 100.4 million dollars. This represents a 61.4 percent increase in total revenue and a 152.3 percent increase in net income compared to the previous year. Ramaco Resources’s total revenue has grown from 168.9 million dollars to 457.4 million dollars in the last three years, and investors are hoping that this trend will continue.

Market Price

Investors are closely watching the company to see how it performed during the quarter. Ramaco Resources stock opened at $11.3 on Wednesday and closed at $11.1, down by 1.6% from its previous closing price of $11.2. The company’s stock has been volatile in recent months, and investors are hoping for some clarity on its future prospects. The company has been facing challenges in recent years, as the coal industry has declined in popularity due to concerns about its impact on the environment.

Despite the challenges, Ramaco Resources has remained profitable and is one of the largest coal producers in the United States. The company’s third quarter results will give investors a better idea of how it is performing in the current environment.

VI Analysis – Ramaco Resources Stock Fair Value Calculator

Ramaco Resources is a metallurgical coal and construction aggregate mining company headquartered in Lexington, Kentucky, with mines located in the Appalachian region of the United States. The company’s flagship mine is the Elk Creek Mine in Virginia. Ramaco Resources has a strong balance sheet with low debt levels and ample cash on hand. The company’s fundamentals reflect its long-term potential, and its shares are currently undervalued by around 2%.

VI 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 American coal mining and development company based in Lexington, Kentucky. RAMACO Resources is dedicated to the production of high-quality coal and operates mines in West Virginia, Kentucky, and Virginia. The company is committed to operating its mines in a safe and environmentally responsible manner. RAMACO Resources has a strong focus on generating shareholder value and is committed to growing its business.

The company has a proven track record of creating shareholder value through its disciplined approach to capital allocation and management. RAMACO Resources is an attractive investment for those looking to gain exposure to the coal industry. The company has a diversified portfolio of high-quality assets and is well-positioned to benefit from the continued demand for coal.