Jefferies analyst Christopher LaFemina raised the firm’s price target on Ramaco Resources to $15 from $14 and keeps a Buy rating on the shares. Met coal quality differentials will become increasingly important as blast furnace steel producers take steps to decarbonize and the outlook for premium low-vol benchmark met coal “may be the best of any commodity,” the analyst tells investors as the firm raises its long-term benchmark met coal price forecast from $200/t to “a still conservative” $225/t.
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Read More on METC:
- Ramaco Resources sees Q3 adjusted EPS 42c-45c, consensus 22c
- RAMACO RESOURCES PROVIDES UPDATE ON THIRD QUARTER 2023 RESULTS, FULL-YEAR 2023 GUIDANCE, DECLARATION OF FOURTH QUARTER DIVIDENDS, INCREASE IN TRACKING STOCK DIVIDEND AND UPDATE ON RARE EARTH ELEMENT DEVELOPMENT
- Ramaco Resources price target raised to $12.50 from $10.50 at Jefferies
- Ramaco Resources price target raised to $15 from $11 at B. Riley