Ramaco Resources price target raised to $27 from $15 at Jefferies

Jefferies raised the firm’s price target on Ramaco Resources (METC) to $27 from $15 and keeps a Buy rating on the shares. The firm updated the company’s model to reflect the value of the Brook Rare Earths project. Jefferies believes the new target could prove conservative as it sees further optionality in the project that is not currently incorporate modeled.