Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
4/18/2024 | $185.00 → $170.00 | Buy → Neutral | Citigroup | |
4/11/2024 | $60.00 → $75.00 | Neutral → Buy | Citigroup | |
4/10/2024 | $180.00 → $165.00 | Outperform → Market Perform | BMO Capital Markets | |
1/16/2024 | Buy | UBS | ||
1/16/2024 | $21.00 | Neutral | UBS | |
1/16/2024 | $68.00 | Neutral | UBS | |
11/10/2023 | Peer Perform → Outperform | Wolfe Research | ||
10/17/2023 | $52.00 | Overweight | JP Morgan |
The Canadian government approved Glencore‘s (OTCPK: GLCNF) acquisition of Teck Resources (NYSE:TECK) metallurgical coal business Elk Valley Resources (EVR) for more than $6.93 billion. The deal is expected to close on July 11, with Glencore acquiring a 77% stake in the British Columbia-based company. After that, the Swiss multinational miner could explore a spinoff of its coal business. This approval follows Glencore's attempt last year to execute a hostile takeover of Teck Resources, Canada's largest diversified miner, which faced strong objections from the government and rejection from shareholders. Eventually, Glencore shifted focus and successfully negotiated to acquire Teck’s met
Warrior Met Coal's (NYSE:HCC) short percent of float has fallen 7.22% since its last report. The company recently reported that it has 2.76 million shares sold short, which is 7.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
4 analysts have shared their evaluations of Warrior Met Coal (NYSE:HCC) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 0 1 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $80.75, along with a high estimate of $91.00 and a low estimate of $70.00. Marking an increase of 8.39%,
Benchmark analyst Nathan Martin reiterates Warrior Met Coal (NYSE:HCC) with a Hold.
Teck Resources (NYSE:TECK) has outperformed the market over the past 5 years by 2.72% on an annualized basis producing an average annual return of 15.72%. Currently, Teck Resources has a market capitalization of $24.91 billion. Buying $1000 In TECK: If an investor had bought $1000 of TECK stock 5 years ago, it would be worth $2,071.12 today based on a price of $48.00 for TECK at the time of writing. Teck Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Morgan Stanley analyst Carlos De Alba maintains Teck Resources (NYSE:TECK) with a Overweight and raises the price target from $55 to $60.
Teck Resources (NYSE:TECK) has outperformed the market over the past 5 years by 4.91% on an annualized basis producing an average annual return of 17.99%. Currently, Teck Resources has a market capitalization of $25.75 billion. Buying $1000 In TECK: If an investor had bought $1000 of TECK stock 5 years ago, it would be worth $2,276.48 today based on a price of $49.63 for TECK at the time of writing. Teck Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Coal stocks have pulled back amid speculation about future leadership in India, a major importer, but the sell-off may have more to do with short-term trading sentiment rather than a shift in market fundamentals. The Range Global Coal Index ETF (NYSE:COAL) fell 3.8% Tuesday as early results in India showed Prime Minister Narendra Modi's party secured a third consecutive term but didn't win enough seats for an outright majority. That appears to have led to some speculation that his government might face resistance to plans to add at least 55-60 gigawatts of coal-fired electricity generation by 2031-2032. "Some are saying that Modi's party not achieving the threshold to govern without
SC 13D/A - Alpha Metallurgical Resources, Inc. (0001704715) (Subject)
SC 13G/A - PEABODY ENERGY CORP (0001064728) (Subject)
SC 13D/A - PEABODY ENERGY CORP (0001064728) (Subject)
SC 13D/A - PEABODY ENERGY CORP (0001064728) (Subject)
SC 13G/A - CONSOL Energy Inc. (0001710366) (Subject)
SC 13G/A - WARRIOR MET COAL, INC. (0001691303) (Subject)
SC 13G/A - PEABODY ENERGY CORP (0001064728) (Subject)
SC 13G/A - ARCH RESOURCES, INC. (0001037676) (Subject)
SC 13G/A - Alpha Metallurgical Resources, Inc. (0001704715) (Subject)
SC 13G/A - TECK RESOURCES LTD (0000886986) (Subject)
LEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS For the three months ended March 31, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $24.2 million, compared to $58.5 million in the fourth quarter of 2023. (See "Reconciliations of Non-GAAP Measure" below.)For the three months ended March
CANONSBURG, Pa., May 7, 2024 /PRNewswire/ -- Today, CONSOL Energy Inc. (NYSE:CEIX) reported financial and operating results for the period ended March 31, 2024. First Quarter 2024 Highlights Include: GAAP net income of $101.9 million and GAAP dilutive earnings per share of $3.39;Quarterly adjusted EBITDA1 of $181.8 million;Net cash provided by operating activities of $77.5 million;Quarterly free cash flow1 of $41.3 million, which was impacted by working capital changes;Total revenue and other income of $565.0 million;Pennsylvania Mining Complex (PAMC) produced 6.5 million tons
Reports first quarter net income of $127.0 million, or $9.59 per diluted shareGenerates Adjusted EBITDA of $189.6 million for the quarterBRISTOL, Tenn., May 6, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today reported financial results for the first quarter ending March 31, 2024. (millions, except per share) Three months ended Mar. 31, 2024 Dec. 31, 2023 Mar. 31, 2023 Net income $127.0 $176.0 $270.8 Net income per diluted share $9.59 $12.88 $17.01 Adjusted EBITDA(1) $189.6 $266.
Repurchased $80.4 million of Shares in the Quarter Completed Strategic Wards Well Acquisition at Centurion ST. LOUIS, May 2, 2024 /PRNewswire/ -- Peabody (NYSE:BTU) today reported net income attributable to common stockholders of $39.6 million, or $0.29 per diluted share, for the first quarter of 2024, compared to $268.5 million, or $1.68 per diluted share in the prior year quarter. Peabody had Adjusted EBITDA1 of $160.5 million in the first quarter of 2024 compared to $390.6 million in the prior year quarter. "We are reaffirming our full year guidance as the previously announced production challenges in the first quarter are behind us," said Peabody President and Chief Executive Officer Ji
ST. LOUIS, May 2, 2024 /PRNewswire/ -- Peabody (NYSE:BTU) announced today that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on June 5, 2024 to stockholders of record on May 16, 2024. Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com. Contact:Karla Kimrey314.342.7890 Forward-Looking Statements
Achieved net income of $137.0 million and adjusted EBITDA of $200.2 million Returned $30.6 million to stockholders through quarterly dividend and special cash dividend Continued making excellent progress in the ongoing development of Blue Creek Warrior Met Coal, Inc. (NYSE:HCC) ("Warrior" or the "Company") today announced results for the first quarter of 2024. Warrior is the leading dedicated U.S.-based producer and exporter of high-quality steelmaking coal for the global steel industry. Warrior reported net income for the first quarter of 2024 of $137.0 million, or $2.62 per diluted share, a decrease from net income of $182.3 million, or $3.51 per diluted share, in the first quarte
Highlights Increased coal sales volumes to 8.7 million tons, up 2.4% year-over-year Record oil & gas royalty volumes of 898 MBOE, up 18.3% year-over-year and 11.0% sequentially First quarter 2024 total revenue of $651.7 million, net income of $158.1 million, and EBITDA of $235.0 million Enhanced liquidity position to $551.3 million, which included $134.0 million in cash and $417.3 million of borrowings available under credit facilities In April 2024, declared quarterly cash distribution of $0.70 per unit, or $2.80 per unit annualized Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP" or the "Partnership") today reported financial and operating results for the quarter e
Alliance Resource Partners, L.P. (NASDAQ:ARLP) today announced that the Board of Directors of ARLP's general partner approved a cash distribution to its unitholders for the quarter ended March 31, 2024 (the "2024 Quarter"). ARLP unitholders of record as of the close of trading on May 8, 2024 will receive a cash distribution for the 2024 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on May 15, 2024. The announced distribution is consistent with the cash distributions of $0.70 per unit for the quarters ended March 31, 2023 and December 31, 2023. As previously announced, ARLP will report financial results for the 2024 Quarter before the market opens on Monday, A
Warrior Met Coal, Inc. (NYSE:HCC) ("Warrior" or the "Company") today announced that its board of directors has approved a regular quarterly cash dividend of $0.08 per share to be paid on May 13, 2024, to stockholders of record as of the close of business on May 6, 2024. About Warrior Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) coal used as a critical component of steel production by metal manufacturers in Europe, South America, and Asia. Warrior is a large-scale, low-cost producer and exporter of premium quality met coal, also known as hard coking coal ("HCC"), ope
LEXINGTON, Ky., April 25, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))) will report first quarter 2024 financial results on Wednesday, May 8, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites. At 9:00 a.m. Eastern Time on Thursday, May 9, 2024, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, Chief Operating Officer and Jeremy R. Sussman, Chief Financial Officer will discuss the first qu
6-K - TECK RESOURCES LTD (0000886986) (Filer)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
144 - CONSOL Energy Inc. (0001710366) (Subject)
144 - CONSOL Energy Inc. (0001710366) (Subject)
6-K - TECK RESOURCES LTD (0000886986) (Filer)
8-K - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Filer)
144 - Alpha Metallurgical Resources, Inc. (0001704715) (Subject)
144 - Alpha Metallurgical Resources, Inc. (0001704715) (Subject)
SD - TECK RESOURCES LTD (0000886986) (Filer)
8-K - ALLIANCE RESOURCE PARTNERS LP (0001086600) (Filer)
Citigroup downgraded Arch Resources from Buy to Neutral and set a new price target of $170.00 from $185.00 previously
Citigroup upgraded Warrior Met Coal from Neutral to Buy and set a new price target of $75.00 from $60.00 previously
BMO Capital Markets downgraded Arch Resources from Outperform to Market Perform and set a new price target of $165.00 from $180.00 previously
UBS initiated coverage of Teck Resources with a rating of Buy
UBS initiated coverage of Ramaco Resources with a rating of Neutral and set a new price target of $21.00
UBS initiated coverage of Warrior Met Coal with a rating of Neutral and set a new price target of $68.00
Wolfe Research upgraded Teck Resources from Peer Perform to Outperform
JP Morgan initiated coverage of Teck Resources with a rating of Overweight and set a new price target of $52.00
TD Cowen downgraded Alpha Metallurgical Resources from Outperform to Market Perform and set a new price target of $194.00 from $200.00 previously
National Bank Financial upgraded Teck Resources from Sector Perform to Outperform
4 - CONSOL Energy Inc. (0001710366) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
3 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - PEABODY ENERGY CORP (0001064728) (Issuer)
4 - PEABODY ENERGY CORP (0001064728) (Issuer)
4 - PEABODY ENERGY CORP (0001064728) (Issuer)
BRISTOL, Tenn., May 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announces the upcoming departure of Roger Nicholson, the company's executive vice president, chief administrative officer, general counsel and secretary. As approved by Alpha's board of directors on May 8, 2024, Nicholson will leave the company effective May 31, 2024 after four and a half years of service. "I want to thank Roger for his significant impact on the company over the last several years," says An
ST. LOUIS, March 19, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that George J. Schuller Jr., a highly regarded mining industry executive with decades of senior operational leadership experience, has joined the company as senior vice president and chief operating officer, effective immediately. "We are extremely pleased that George has agreed to join the Arch team in this pivotal capacity and view him as a perfect fit with our sustainability-focused and results-driven culture," said John T. Drexler, Arch's president. "George has decades of leadership
Represents a reduction of nearly 2% of the company's outstanding share count Increases total net reduction in share count to 6.4 million shares, or 26% of shares outstanding, since May 2017 ST. LOUIS, March 6, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that it had retired 315,721 of its outstanding shares via the unwinding of capped calls associated with its now-retired convertible senior notes. With the completion of the cashless transaction, Arch's diluted share count declined from 18.9 million shares to 18.6 million shares outstanding. "With the
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
Navarre to become board chair at Arch's 2024 annual meeting in MayEaves and Chapman to retire as executive chair and lead independent director, respectivelyDrexler elected president and will join board of directors at that same meeting ST. LOUIS, Feb. 22, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE:ARCH) today announced that – as part of its long-term succession process – Richard A. Navarre will become chair of Arch's board of directors at the conclusion of the company's annual stockholders' meeting on May 7, 2024, succeeding John W. Eaves, who will retire at that time as the company's executive chair and as a member of the board.
NEW YORK, Jan. 17, 2024 /PRNewswire/ -- e.l.f. Beauty Inc. (NYSE:ELF) will replace Spirit Realty Capital Inc. (NYSE:SRC) in the S&P MidCap 400, and Peabody Energy Corp. (NYSE:BTU) will replace e.l.f. Beauty in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 23. S&P 500 constituent Realty Income Corp. (NYSE:O) is acquiring Spirit Realty Capital in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector January 23, 2024 S&P MidCap 400 Addition e.l.
This new innovative motor system will create lighter-weight, high performance mining equipment and help electrify heavy industry. Infinitum, creator of the sustainable air-core motor, and Matrix Design Group, LLC ("Matrix"), a wholly owned subsidiary of Alliance Resource Partners, L.P. ("ARLP") and leading safety and productivity technology provider for mining and industrial applications, today announced an agreement to jointly develop and distribute high-efficiency, reliable motors and advanced motor controllers designed specifically for the mining industry. Under the agreement, Matrix will integrate Infinitum's smaller, lighter motor technology into mining equipment of ARLP's operatin
VANCOUVER, BC / ACCESSWIRE / December 14, 2023 / ZincX Resources Corp. ("ZincX" or the "Company"), (TSX Venture Exchange:ZNX)(FRA:A2JLRM ) announces the details of the voting results from its Annual General Meeting, held on December 7, 2023 in Vancouver, BC.By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the ballot were as follows:Name of Nominee Votes For Percent Votes Withheld Percent Peeyush Varshney 66,279,769 99.68% 212,251 0.32% Marco Strub 66,482,019 99.98% 10,001 0.02% Praveen Varshney
MONTREAL, May 8, 2023 /CNW/ - AM Resources Corporation ("AM" or the "Corporation") (TSXV:AMR) (Frankfurt: 76A) announces the appointment of MNP LLP as its new auditor. Effective April 4th, 2023, MNP LLP (the "Successor Auditor") replaced Raymond Chabot Grant Thornton LLP (the "Former Auditor") as the Corporation's auditor. All procedures have been properly followed under National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102") regarding the change of auditor and, as required, a Notice of Change of Auditor together with the required letters from the Former Auditor and the Successor Auditor have been filed via SEDAR with each securities commission in each province in which
CANONSBURG, Pa., Jan. 23, 2023 /PRNewswire/ -- CONSOL Energy Inc. (NYSE:CEIX), a leading producer and exporter of high-Btu power-generating, industrial and metallurgical coals, announced the promotion of Mitesh B. Thakkar to the position of President in addition to his current role as Chief Financial Officer. This promotion is being made as part of the company's long-term succession planning process. "Today's announcement reflects the confidence that the board and I have in Mitesh's leadership and his ability to play a broader and more strategic role in the future growth of CO
4 - Alpha Metallurgical Resources, Inc. (0001704715) (Issuer)
4 - ARCH RESOURCES, INC. (0001037676) (Issuer)
4 - WARRIOR MET COAL, INC. (0001691303) (Issuer)
USA News Group Commentary Issued on behalf of Yukon Metals Corp. VANCOUVER, BC, June 14, 2024 /PRNewswire/ -- With prices soaring for copper amid supply cuts and higher demand from energy transition and artificial intelligence (AI) projects, many industry experts are asking whether or not the red metal is entering a new supercycle of prolonged high demand and rising prices. According to analysts at Sprott, copper's new supercycle is already emerging, as protectionist moves by countries looking to secure vital materials are only stoking the flame. Long viewed as a barometer for economic activity, the market witnessed record highs in copper prices last month, signalling the urgency of develop
Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP") announced today that Alliance Resource Operating Partners, L.P. ("AROP"), the intermediate partnership of ARLP, and Alliance Resource Finance Corporation, AROP's wholly owned subsidiary, priced the previously announced private placement of $400 million in aggregate principal amount of 8.625% senior unsecured notes due 2029 (the "New Notes"). The New Notes will be issued at par. The offering is expected to close on or about June 12, 2024, subject to customary closing conditions. AROP expects to use a portion of the net proceeds from the offering of the New Notes to fund the redemption of its outstanding 7.5% Senior Notes due 2025 (the
Alliance Resource Partners, L.P. (NASDAQ:ARLP) ("ARLP") announced today that Alliance Resource Operating Partners, L.P. ("AROP"), the intermediate partnership of ARLP, and AROP's wholly owned subsidiary, Alliance Resource Finance Corporation, subject to market conditions, intend to offer $400 million in aggregate principal amount of senior unsecured notes due 2029 (the "New Notes") in a private placement to eligible purchasers. AROP expects to use a portion of the net proceeds from the offering of the New Notes to fund the redemption of its outstanding 7.5% Senior Notes due 2025 (the "2025 Notes") and the remaining for general corporate purposes. On May 29, 2024, AROP delivered a conditio
LEXINGTON, Ky., May 23, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))) announced today it has made several leadership changes, aimed at supporting and accelerating the Company's growth as it reaches new milestones. Ramaco became a public company seven years ago and currently employs nearly 1,000 employees in operations located in West Virginia, Virginia, Kentucky and Wyoming. To facilitate this growth, Ramaco has made several personnel changes within its finance and operations groups. In its finance and accounting group, Ramaco has realigned its senior team to include three Executive Vice Presidents (EVP) who will oversee various inter-r
CANONSBURG, Pa., May 21, 2024 /PRNewswire/ -- CONSOL Energy Inc. (NYSE:CEIX) reports that coal shipments to international markets began leaving its Marine Terminal in Baltimore last night. This is after a shutdown of the terminal due to the collapse of the Francis Scott Key bridge on March 26. The first empty ship arrived at the CONSOL Marine Terminal early Sunday morning, was loaded throughout that day and awaited clearance from officials for the 7:00PM departure time Monday night. According to CONSOL Energy CEO Jimmy Brock, "While we are still limited in terms of size of shi
Warrior Met Coal, Inc. (NYSE:HCC) ("Warrior" or the "Company") announced today that its Chief Executive Officer Walt Scheller and Chief Financial Officer Dale Boyles will attend the B. Riley Securities 24th Annual Institutional Investor Conference on May 22, 2024. About Warrior Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal met coal used as a critical component of steel production by metal manufacturers in Europe, South America and Asia. Warrior is a large-scale, low-cost producer and exporter of premium quality met coal, also known as hard-coking coal ("HCC"), operating highly efficient
BRISTOL, Tenn., May 10, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, today announces the upcoming departure of Roger Nicholson, the company's executive vice president, chief administrative officer, general counsel and secretary. As approved by Alpha's board of directors on May 8, 2024, Nicholson will leave the company effective May 31, 2024 after four and a half years of service. "I want to thank Roger for his significant impact on the company over the last several years," says An
LEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS For the three months ended March 31, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $24.2 million, compared to $58.5 million in the fourth quarter of 2023. (See "Reconciliations of Non-GAAP Measure" below.)For the three months ended March
LEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))) announced today it has hired David N. Dyer, P.G. as Vice President-Marketing & Analysis and Jason P. Bragg as Vice President-Land. David Dyer is a coal analyst and consultant with close to two decades of broad-based international experience evaluating and developing natural resources, analyzing commodity markets and forecasting prices. He has 'boots on the ground' experience in the mining and energy sectors throughout the United States and abroad including multiple projects in Australia, Canada, Indonesia, Mexico and South America. Dyer's career includes serving as a m
LEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- The Company's principal lender, KeyBank, N.A. ("KeyBank"), has now led a bank syndicate that increased the Company's overall credit facility to $275 million (the "Facility"). This consists of an aggregate revolving commitment of $200 million with an accordion feature for an additional $75 million available upon mutual agreement. The term of the Facility has also been extended to five years expiring in 2029.Ramaco Resources, Inc. (NASDAQ:METC, METCB))) ("Ramaco" or the "Company") announced that its principal bank lender, KeyBank, has amended the Company's existing Revolving Credit Agreement to increase the overall commitments under the Facility to