Northland starts Ramaco Resources at Outperform, sees attractive entry point

As previously reported, Northland analyst Jeff Grampp initiated coverage of Ramaco Resources (METC) with an Outperform rating and $50 price target The firm thinks Ramaco’s critical minerals mine in Wyoming has “strong potential economics” and is aligned with U.S. priorities to establish non-China supply of several critical materials. The current share price implies a near 15% discount rate to its critical minerals asset, which presents “an attractive entry point,” the analyst tells investors.