Media headlines about Ramaco Resources (NASDAQ:METC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ramaco Resources earned a news impact score of 0.10 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 47.0498905301427 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
METC has been the subject of a number of research analyst reports. Zacks Investment Research cut Ramaco Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. BMO Capital Markets cut their price target on Ramaco Resources from $11.00 to $7.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, ValuEngine lowered Ramaco Resources from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.92.
Shares of Ramaco Resources (NASDAQ METC) opened at $7.08 on Thursday. Ramaco Resources has a 12-month low of $3.81 and a 12-month high of $13.55.
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About Ramaco Resources
Ramaco Resources, Inc is a development-stage company. The Company is a developer of metallurgical coal in central and southern West Virginia, southwestern Virginia and southwestern Pennsylvania. The Company’s project portfolio includes Elk Creek, Berwind, RAM Mine and Knox Creek. As of December 29, 2016, the Elk Creek property in southern West Virginia consisted of approximately 17,128 acres of controlled mineral.
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