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Peter A. Leidel, a director at Ramaco Resources, Inc. (NASDAQ:METC), recently sold shares totaling approximately $4.46 million, according to a recent SEC filing. The transactions, which took place over several days from March 25 to March 27, involved the sale of Class A and Class B Common Stock. The sales come as the company, currently valued at $457 million, trades near its 52-week low of $8.09.
The shares were sold at prices ranging from $7.1061 to $8.6701 per share. Following these transactions, Leidel retains a significant number of shares, indicating continued involvement with the company. According to InvestingPro data, the stock offers a substantial 6.5% dividend yield, and analysts maintain a bullish outlook with price targets ranging from $14 to $18.
These sales were conducted indirectly through various entities associated with Leidel, including Yorktown Energy Partners IX, X, and XI. The transactions are part of routine stock management and do not necessarily indicate any change in Leidel’s strategic position regarding Ramaco Resources. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, part of the analysis covering 1,400+ US stocks.
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. The company’s revenue reached $170.9 million, marking a 2% sequential increase. Ramaco achieved a record quarterly sales volume of over 1.1 million tons and reduced cash costs to $96 per ton, contributing to a 24% increase in adjusted EBITDA to $29.2 million. Benchmark analyst Nathan Martin adjusted Ramaco’s stock price target to $18, down from $20, while maintaining a Buy rating, highlighting the company’s improved cash costs and operational efficiencies.
The company has confirmed its 2025 production guidance of 4.2-4.6 million tons and sales guidance of 4.4-4.8 million tons, with expectations for Q1 sales between 850,000 and 950,000 tons. Ramaco is also advancing its analysis of rare earth and mineral deposits at the Brook Mine, with technical and economic analysis results expected by the end of April. Additionally, Ramaco announced a management reshuffle, appointing E. Forrest Jones, Jr. as General Counsel and Evan H. Jenkins as Vice-Chairman of the Board. These developments reflect Ramaco’s strategic efforts to enhance leadership and operational capabilities.
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