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In a challenging market environment, Ramaco Resources Inc (NASDAQ:METC) stock has touched a 52-week low, with shares plummeting to $8.17. According to InvestingPro analysis, the company currently offers a substantial 6.46% dividend yield, and management has been actively buying back shares. The coal sector has faced significant headwinds, and Ramaco, a prominent player in metallurgical coal, has not been immune to these industry pressures. Over the past year, the company’s stock has seen a substantial decline, with a 1-year total return of -45.65%. Despite these challenges, InvestingPro analysis indicates the stock is currently undervalued, with analysts forecasting net income growth this year. Investors are closely monitoring the company’s performance and the broader market conditions that have contributed to this downturn, as Ramaco Resources navigates through a period of volatility and economic uncertainty. For deeper insights, InvestingPro subscribers can access 11 additional ProTips and a comprehensive Pro Research Report, offering detailed analysis of METC’s financial health and growth prospects.
In other recent news, Ramaco Resources reported strong fourth-quarter results with adjusted earnings per share of $0.06, reversing a previous quarter’s loss of $0.03. The company achieved revenue of $170.9 million, marking a 2% sequential increase. Ramaco’s adjusted EBITDA for the fourth quarter reached $29.2 million, exceeding analysts’ high estimate of $24 million, attributed to improved cash cost per ton and operational efficiencies. The company also announced a strategic reshuffling in its senior management, with E. Forrest Jones, Jr. transitioning to General Counsel and Evan H. Jenkins stepping up as Vice-Chairman of the Board. Benchmark analyst Nathan Martin maintained a Buy rating for Ramaco Resources while adjusting the stock target price to $18 from $20. Additionally, Ramaco is progressing with its analysis of rare earth and mineral deposits at the Brook Mine, with plans to commence a pilot demonstration process later this year. The company reiterated its 2025 production and sales guidance and expressed optimism about potential price increases in the latter half of the year. Ramaco’s management highlighted the company’s record liquidity and potential for market share expansion or asset acquisitions.
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