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Ramaco Resources (METC) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.08 per share a year ago.
Ramaco Resources (METC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Ramaco is a low-cost coal operation that has historically generated consistent cash flows. Their main growth project is Ramaco's Brook Mine, which I believe carries significant strategic value for the US. It also has REE optionality without radioactive waste. Ramaco has two share classes. Class B shares traded under the ticker METCB, which produced a compelling TTM dividend yield from CORE coal royalties.
I rate Ramaco Resources' 8.375% Senior Notes due 2029 a Buy, offering high yield and stability amid current risk-averse market conditions. METCZ notes yield 8.79%, outpacing many investment-grade corporate bonds, and are attractively valued compared to their credit risk profile. Ramaco Resources is financially robust, with ample asset coverage and operational resilience, supporting strong debt repayment prospects.
Ramaco Resources (METC) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to break-even earnings per share a year ago.
Amid ongoing weakness in the coal industry, one can focus on SXC and METC stock, as they have high-quality met coal production capacity and gain from the steel industry demand.
The prevailing narrative surrounding coal provides a bleak picture of a fuel source in terminal decline, overshadowed by cleaner, cheaper alternatives and facing mounting pressure from environmentalists and investors. Divestment from coal assets is widespread, and the industry's long-term trajectory appears definitively downward.
Ramaco Resources, Inc. (NASDAQ:METC ) Q4 2024 Earnings Conference Call March 11, 2025 9:00 AM ET Company Participants Jeremy Sussman - CFO Randy Atkins - Chairman and CEO Chris Blanchard - EVP, Mine Planning and Development Jason Fannin - Chief Commercial Officer Conference Call Participants Nick Giles - B. Riley Securities Chris LaFemina - Jefferies Nathan Martin - The Benchmark Company Operator Good day, ladies and gentlemen, and welcome to Ramaco Resources Fourth Quarter 2024 Results Conference Call.
Ramaco Resources (METC) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Ramaco Resources (METC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.45 per share a year ago.