Goldman Sachs raises its gold price target to $4,900 by end-2026
Ramaco Resources Inc. stock reached an all-time high of 27.32 USD, marking a significant milestone for the company. With a market capitalization of $1.79 billion, InvestingPro analysis indicates the stock is trading above its Fair Value, with an EV/EBITDA multiple of 36.9x. Over the past year, the stock has experienced a remarkable increase of 192.26%, reflecting strong investor confidence and positive market sentiment. With revenue of $625.92 million in the last twelve months, this achievement underscores the company’s market presence. The surge to an all-time high is indicative of Ramaco Resources’ momentum, though InvestingPro subscribers have access to 11 additional key insights about the company’s valuation and growth prospects through comprehensive Pro Research Reports.
In other recent news, Ramaco Resources, Inc. announced the closing of its underwritten public offering of Class A common stock, raising approximately $200 million in gross proceeds. The company sold 10,666,667 shares at a public offering price of $18.75 per share. Additionally, Yorktown Energy Partners, a selling stockholder, granted underwriters a 30-day option to purchase up to an additional $30 million of Class A common stock, which was exercised in full. This move follows the company’s earlier announcement of launching a $150 million public offering. Despite the offering being priced below the previous day’s closing stock price, the company successfully secured the intended funds. Benchmark has reiterated a Buy rating on Ramaco Resources, maintaining a price target of $24.00. This rating was reaffirmed following meetings with senior management, including CEO Randy Atkins. These developments highlight recent strategic financial maneuvers by Ramaco Resources.
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