Ramaco Resources (METC)
NASDAQ:METC
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Ramaco Resources
(NASDAQ:METC)
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Rating:51Neutral
Price Target:
$15.50
▲(13.72% Upside)
Action:Reiterated
Date:05/29/26
The score is held back primarily by weak financial performance—losses, compressed margins, and negative TTM operating/free cash flow. Earnings-call takeaways are moderately constructive due to strong liquidity, buybacks, and reiterated guidance, but near-term profitability remains pressured. Technicals and valuation are mixed, with only modest support from the dividend yield and short-term moving averages.
Positive Factors
Strong liquidity and buyback capacity
A large liquidity buffer (~$490M) and active repurchases materially increase financial flexibility, funding operations, capex and projects without urgent external financing. This supports multi‑quarter resilience, preserves optionality for growth initiatives and cushions commodity cyclicality risks.
Negative Factors
Negative margins and cash generation
Persistently compressed margins and negative trailing operating/free cash flow signal structural earnings weakness that can erode equity and force reliance on liquidity or capital markets. If sustained, weak cash generation limits reinvestment, dividends, and increases refinancing or dilution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and buyback capacity
A large liquidity buffer (~$490M) and active repurchases materially increase financial flexibility, funding operations, capex and projects without urgent external financing. This supports multi‑quarter resilience, preserves optionality for growth initiatives and cushions commodity cyclicality risks.
Read all positive factors
Ramaco Resources Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, highlighting where Ramaco Resources is most successful and where it might encounter risks or opportunities for growth due to regional economic factors or shifts in market demand.
Breaks down revenue across different regions, highlighting where Ramaco Resources is most successful and where it might encounter risks or opportunities for growth due to regional economic factors or shifts in market demand.
Data provided by:
The Fly
The FlyRamaco Resources (METC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.03B
Dividend Yield2.83%
Average Volume (3M)1.47M
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue Growth-16.66%
EPS Growth-195120.00%
CountryUS
Employees984
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-1.12
Shares Outstanding53,804,860
10 Day Avg. Volume1,483,120
30 Day Avg. Volume1,474,437
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.99
Price to Sales (P/S)1.80
P/FCF Ratio-15.85
Enterprise Value/Market Cap0.58
Enterprise Value/Revenue1.13
Enterprise Value/Gross Profit87.08
Enterprise Value/Ebitda181.88
Forecast
1Y Price Target
$22.00Price Target Upside61.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.34
Revenue Forecast (FY)$638.30M
Ramaco Resources Business Overview & Revenue Model
Company Description
Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Ber...
How the Company Makes Money
Ramaco Resources makes money primarily by producing and selling metallurgical coal. Revenue is generated when the company mines coal from its properties, processes it (including coal preparation/blending where applicable), and sells the resulting ...
Ramaco Resources Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Neutral
The call presented a mixed but cautiously constructive picture. Material positives include a very strong liquidity position (~$490M, +310% YoY), active share repurchases (~5% of shares), sustained low cash costs ($98/ton, first quartile), concrete low-vol growth projects (Berwind/Maben/Laurel) and meaningful progress on the Brook Mine rare earth program (Hatch/Weir studies, pilot plant timeline, IP development). Offsetting these are near-term headwinds: negative adjusted EBITDA, wider EPS losses, compressed realized pricing and margins, elevated fuel and supply costs (notably diesel and tungsten), and execution timing risks due to lab backlogs and rail/weather disruptions. Management’s strategic responses (reorganization, in-house lab, pilot build, disciplined contracting and inventory cushion) provide optionality to navigate weakness and capture upside if coal and rare-earth markets improve.Positive Updates
Strong Liquidity and Share Repurchases
Ended Q1 with $490 million in liquidity (up ~310% YoY). Repurchased ~2.5–2.6 million Class A shares year-to-date at an average price of ~$14.50 (~$37 million), representing about 5% of outstanding stock; $63 million of buyback capacity remains under the $100 million authorization.
Negative Updates
Weak Q1 Financial Results
Q1 adjusted EBITDA was negative $1.8 million versus $10.0 million in Q1 2025. Class A EPS loss widened to $0.30 per share from a $0.19 loss a year earlier.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Liquidity and Share Repurchases
Ended Q1 with $490 million in liquidity (up ~310% YoY). Repurchased ~2.5–2.6 million Class A shares year-to-date at an average price of ~$14.50 (~$37 million), representing about 5% of outstanding stock; $63 million of buyback capacity remains under the $100 million authorization.
Read all positive updates
Company Guidance
Ramaco reiterated full‑year guidance for production, tons sold and cash costs while giving Q2 guidance of shipments between 900,000–1,000,000 tons and warning Q2 cash costs will be toward the higher end of the full‑year range due to elevated diesel; management expects 70–75% of Q2 committed volumes to be seaborne with ~25% of export tons priced off PLV, ~25% fixed and the balance split between U.S. low‑vol and high‑vol indices. Key metrics: Q1 cash costs were $98/ton (third consecutive quarter under $100/ton), Q1 cash margin $16/ton, Q1 realized price $114/ton vs $122/ton a year ago, adjusted EBITDA (Q1) −$1.8M and Class A EPS loss $0.30; liquidity was ~$490M at quarter end with ≈$63M remaining under the $100M buyback authorization after repurchasing roughly 2.5–2.6M shares (~$37M) at an average ~$14.50. Sales commitments total 3.5M tons (~90% of planned 2026 production at the midpoint): 1.1M domestic at ~$138/ton, 1.0M export fixed at ~$107/ton and 1.4M index‑linked (650k of index tons shipped, ~1.75M remaining to price). Operational/capex and project metrics: over 1.0M tons inventory (3/31), ~100k–200k low‑vol tons expected in 2026 and ~0.5M in 2027 from Laurel/Berwind, Berwind capacity ramp to 900k–1.0M clean tons/year, Maben loadout to save ~$20/ton in trucking, planned coal CapEx roughly $45M maintenance plus ~$20M low‑vol growth (≈$10–11/ton maintenance), pilot plant building completion late summer with equipment install this fall and pilot ops in 2027, Hatch conceptual study due late June and a PFS on track for late 2026.Ramaco Resources Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 523.58M | 536.62M | 666.29M | 693.52M | 565.69M | 283.39M |
| Gross Profit | 6.81M | 13.41M | 65.92M | 144.08M | 190.42M | 61.16M |
| EBITDA | 3.26M | 13.87M | 88.12M | 169.22M | 195.33M | 73.78M |
| Net Income | -60.31M | -51.45M | 11.19M | 82.31M | 116.04M | 39.76M |
Balance Sheet | ||||||
| Total Assets | 1.09B | 1.14B | 674.69M | 665.84M | 596.34M | 329.03M |
| Cash, Cash Equivalents and Short-Term Investments | 355.20M | 440.35M | 33.01M | 41.96M | 35.61M | 21.89M |
| Total Debt | 51.04M | 17.52M | 103.67M | 101.13M | 138.82M | 51.46M |
| Total Liabilities | 654.58M | 657.00M | 311.88M | 296.23M | 287.14M | 117.96M |
| Stockholders Equity | 437.00M | 483.57M | 362.81M | 369.61M | 309.20M | 211.07M |
Cash Flow | ||||||
| Free Cash Flow | -140.43M | -60.81M | 43.82M | 78.13M | 64.86M | -6.27M |
| Operating Cash Flow | -59.94M | 1.97M | 112.67M | 161.04M | 187.87M | 53.34M |
| Investing Cash Flow | -77.16M | -83.67M | -70.83M | -72.21M | -145.71M | -59.61M |
| Financing Cash Flow | 448.85M | 489.04M | -50.79M | -82.52M | -28.50M | 22.37M |
Ramaco Resources Technical Analysis
Positive
13.63
Price Trends
14.56
Positive
16.42
Negative
21.33
Negative
Market Momentum
0.18
Negative
55.00
Neutral
86.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For METC, the sentiment is Positive. The current price of 13.63 is below the 20-day moving average (MA) of 14.87, below the 50-day MA of 14.56, and below the 200-day MA of 21.33, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 55.00 is Neutral, neither overbought nor oversold. The STOCH value of 86.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for METC.
Ramaco Resources Risk Analysis
Ramaco Resources disclosed 105 risk factors in its most recent earnings report. Ramaco Resources reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ramaco Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $3.22B | 97.70 | 13.66% | 11.05% | -7.15% | -11.05% | |
64 Neutral | $932.24M | 39.70 | 14.25% | ― | 10.26% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $5.12B | 40.10 | 6.44% | 0.36% | 11.32% | 29.65% | |
54 Neutral | $3.21B | ― | -3.37% | 0.96% | -6.75% | -133.56% | |
53 Neutral | $2.72B | -65.69 | -2.47% | ― | -19.15% | -246.35% | |
51 Neutral | $1.03B | -13.86 | -13.44% | 2.83% | -16.66% | -195120.00% |
* Basic Materials Sector Average
METC
Ramaco Resources
15.61
6.57
72.68%
ARLP
Alliance Resource
24.85
1.20
5.07%
HNRG
Hallador Energy Company
19.26
2.01
11.65%
AMR
Alpha Metallurgical Resources
198.97
86.93
77.59%
HCC
Warrior Met Coal
94.54
49.28
108.88%
BTU
Peabody Energy Comm
27.05
14.01
107.38%
Ramaco Resources Corporate Events
Business Operations and Strategy
Ramaco Resources Signs Rare Earth Supply Chain MOU
Positive
May 28, 2026
On May 28, 2026, Ramaco Resources announced it had signed a non-binding memorandum of understanding with Ohio-based REalloys, Inc. to develop a strategic relationship aimed at strengthening the U.S. rare earth and permanent magnet supply chain. Th...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Ramaco Reports Q1 Loss but Liquidity and Buybacks Rise
Negative
May 11, 2026
On May 11, 2026, Ramaco reported a first-quarter 2026 net loss of $18.3 million, a Class A diluted loss per share of $0.30 and negative Adjusted EBITDA of $1.8 million, even as liquidity surged to $488.8 million, more than 310% higher year on year...
Business Operations and Strategy
Ramaco Resources Announces Strategic Multi-Division Corporate Reorganization
Positive
Mar 31, 2026
On March 31, 2026, Ramaco Resources announced that its board had approved a strategic internal corporate reorganization that will place its operations and assets into four distinct business divisions. The structure will separate metallurgical coal...
Legal Proceedings
Ramaco Resources Files Trade Secrets Lawsuit Against Ex-Employee
Negative
Mar 20, 2026
On March 16, 2026, Ramaco Resources, Inc. and its subsidiary Ramaco Carbon, LLC filed a civil complaint in the U.S. District Court for the District of Wyoming against former employee Alex J. Moyes. The company alleges misappropriation of trade sec...
Dividends
Ramaco Resources Details First-Quarter 2026 Stock Dividend
Positive
Mar 16, 2026
On March 16, 2026, Ramaco Resources announced detailed terms for its previously declared first-quarter 2026 stock dividend on its Class B common shares, payable on March 27, 2026 to shareholders of record as of March 13, 2026. Based on the March 1...
Business Operations and StrategyRegulatory Filings and Compliance
Ramaco CEO Exercises Options, Boosts Stake Amid Expansion
Positive
Mar 2, 2026
On February 26, 2026, Ramaco Resources Chairman and Chief Executive Officer Randall W. Atkins exercised long-held stock options originally granted around the company’s 2017 public offering to acquire additional Class A and Class B shares. Af...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.