Ramaco Resources price target lowered to $14 from $16 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Ramaco Resources (METC) to $14 from $16 and keeps a Sell rating on the shares. Ramaco Resources reported mixed Q4 results, with revenue below expectations and adjusted EBITDA roughly in line, while 2026 production guidance met forecasts and sales volume guidance exceeded them, the analyst tells investors in a research note. Management is pivoting its rare earths strategy toward a proprietary flowsheet to produce high-purity gallium, alumina, and quartz for semiconductor applications, and with the timeline modestly pushed out, focus will center on execution milestones to de-risk the revised plan, the firm says.