Shares of Ramaco Resources, Inc. (METCB) plunged 7.74% in pre-market trading on Tuesday following the release of the company's disappointing third-quarter financial results. The coal mining company's performance fell significantly short of analyst expectations, triggering a sell-off among investors.

Ramaco Resources reported a quarterly adjusted loss of 25 cents per share for the period ended September 30, considerably wider than both the 3 cents loss reported in the same quarter last year and the average analyst expectation of a 21 cents loss per share. Revenue for the quarter also disappointed, dropping 27.7% to $121.00 million, well below the Wall Street forecast of $147.33 million. The company's total quarterly loss amounted to $13.31 million.

Despite this setback, Ramaco Resources' stock has shown strong performance year-to-date, with a gain of 46.9%. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $50.00, representing a potential upside of 71.3% from its last closing price. However, the recent earnings miss has led to a sharp downward revision in analyst estimates, with the mean earnings estimate falling by about 224.9% over the last three months. Investors will be closely monitoring the company's ability to recover from this pre-market plunge and align with the optimistic analyst outlook.