First Eagle Investment Management LLC Takes Position in Ramaco Resources, Inc. $METCB

First Eagle Investment Management LLC bought a new position in shares of Ramaco Resources, Inc. (NASDAQ:METCB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 305,834 shares of the company’s stock, valued at approximately $5,153,000. First Eagle Investment Management LLC owned 0.46% of Ramaco Resources as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of METCB. Y Intercept Hong Kong Ltd bought a new position in Ramaco Resources in the 2nd quarter worth approximately $152,000. American Century Companies Inc. lifted its position in shares of Ramaco Resources by 12.7% during the second quarter. American Century Companies Inc. now owns 221,581 shares of the company’s stock worth $1,813,000 after acquiring an additional 24,924 shares in the last quarter. XTX Topco Ltd boosted its holdings in shares of Ramaco Resources by 49.2% in the second quarter. XTX Topco Ltd now owns 20,398 shares of the company’s stock worth $167,000 after acquiring an additional 6,727 shares during the period. Jane Street Group LLC bought a new position in shares of Ramaco Resources in the second quarter worth $187,000. Finally, Yorktown Energy Partners X L.P. grew its position in shares of Ramaco Resources by 20.6% in the second quarter. Yorktown Energy Partners X L.P. now owns 806,465 shares of the company’s stock valued at $6,597,000 after purchasing an additional 137,742 shares in the last quarter. Institutional investors own 9.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Ramaco Resources in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Ramaco Resources currently has an average rating of “Sell”.

Ramaco Resources Trading Up 4.3%

Ramaco Resources stock opened at $11.94 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.66 and a current ratio of 5.46. Ramaco Resources, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $22.11. The stock has a market cap of $788.04 million, a P/E ratio of -11.94 and a beta of 1.03. The firm’s fifty day moving average price is $12.76 and its 200-day moving average price is $14.08.

Ramaco Resources (NASDAQ:METCB) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $128.01 million for the quarter. Ramaco Resources had a negative net margin of 9.59% and a negative return on equity of 11.36%.

About Ramaco Resources

Ramaco Resources (NASDAQ:METCB) is a U.S.-based coal company focused on the exploration, development and production of metallurgical and thermal coal. The company’s operations encompass both surface and underground mining in the central Appalachian Basin, where it seeks to capitalize on the region’s high-quality, low-ash coal reserves. Ramaco’s product portfolio includes metallurgical coking coal used in steelmaking, as well as steam coal for power generation, with an emphasis on meeting the exacting specifications of industrial customers.

Founded in 2014 and headquartered in Houston, Texas, Ramaco Resources has assembled a strategic acreage position in southern West Virginia and southwestern Pennsylvania.