B. Riley analyst Lucas Pipes lowered the firm’s price target on Ramaco Resources to $11 from $12 and keeps a Buy rating on the shares following the Q2 miss. The analyst believes the stock has the potential to re-rate on improved operational consistency.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on METC:
- Ramaco Resources lowers FY23 CapEx view to $60M-$70M from $65M-$80M
- Ramaco Resources reports Q2 EPS 17c, consensus 50c
- RAMACO RESOURCES REPORTS SECOND QUARTER 2023 RESULTS
- METC Earnings this Week: How Will it Perform?
- Ramaco Resources Announces Third Quarter Cash Dividends for Both Class A and Class B Common Stock; and Date of Second Quarter 2023 Results Conference Call