Ramaco Resources price target raised to $45 from $27 at Jefferies

Jefferies analyst Christopher LaFemina raised the firm’s price target on Ramaco Resources (METC) to $45 from $27 and keeps a Buy rating on the shares. The company announced plans to upsize its Brooks Mine project, which implies an increase in production of rate earths and critical minerals, the analyst tells investors in a research note. The firm believes its new price target could prove conservative, saying the Brooke Mine ramp up as “massive value potential” of up to $77 per share.