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Ramaco Resources
(NASDAQ:METC)
Ramaco Resources (METC) vs. SPDR S&P 500 ETF (SPY)
Ramaco Resources Business Overview & Revenue Model
Ramaco Resources Key Performance Indicators (KPIs)
Ramaco Resources Earnings Call Summary
Ramaco Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.50M | 666.29M | 693.52M | 565.69M | 283.39M | 168.91M |
| Gross Profit | 23.28M | 65.92M | 144.08M | 190.42M | 61.16M | 1.93M |
| EBITDA | 45.21M | 88.12M | 169.22M | 195.33M | 73.78M | 14.31M |
| Net Income | -32.88M | 11.19M | 82.31M | 116.04M | 39.76M | -4.91M |
Balance Sheet | ||||||
| Total Assets | 849.65M | 674.69M | 665.84M | 596.34M | 329.03M | 228.62M |
| Cash, Cash Equivalents and Short-Term Investments | 193.85M | 33.01M | 41.96M | 35.61M | 21.89M | 5.30M |
| Total Debt | 136.38M | 103.67M | 101.13M | 138.82M | 51.46M | 17.56M |
| Total Liabilities | 322.74M | 311.88M | 296.23M | 287.14M | 117.96M | 59.53M |
| Stockholders Equity | 526.91M | 362.81M | 369.61M | 309.20M | 211.07M | 169.09M |
Cash Flow | ||||||
| Free Cash Flow | -31.31M | 43.82M | 78.13M | 64.86M | -6.27M | -11.44M |
| Operating Cash Flow | 35.08M | 112.67M | 161.04M | 187.87M | 53.34M | 13.31M |
| Investing Cash Flow | -67.94M | -70.83M | -72.21M | -145.71M | -59.61M | -24.75M |
| Financing Cash Flow | 203.83M | -50.79M | -82.52M | -28.50M | 22.37M | 11.29M |
Ramaco Resources Technical Analysis
Ramaco Resources Risk Analysis
Ramaco Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.01B | 12.39 | 13.07% | 11.13% | -9.45% | -46.37% | |
69 Neutral | $4.39B | 125.13 | 1.67% | 0.38% | -23.25% | -90.78% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $894.91M | -4.23 | -74.70% | ― | 7.60% | -591.73% | |
59 Neutral | $2.40B | -55.56 | -2.87% | ― | -32.53% | -112.77% | |
57 Neutral | $3.38B | -98.38 | -0.87% | 1.08% | -7.21% | -106.39% | |
52 Neutral | $935.82M | ― | -7.40% | 3.42% | -16.99% | -184.02% |
Ramaco Resources Corporate Events
On December 8, 2025, Ramaco Resources announced the dividend ratio for its previously declared Class B common stock dividend for the fourth quarter of 2025. Shareholders of record on December 5, 2025, will receive 0.014390 of one share of Class B common stock for each share held, based on a closing price of $12.37 per share. The dividend is payable on December 19, 2025, and any fractional shares will be compensated in cash.
On November 14, 2025, Ramaco Resources announced a stock dividend of $0.1780 per share of Class B common stock, payable in shares of the same stock on December 19, 2025, to shareholders recorded by December 5, 2025. This decision reflects the company’s ongoing commitment to its shareholders, potentially enhancing its stock value and market position, while also indicating financial stability and confidence in its operational growth.
On November 13, 2025, Ramaco Resources announced an update to its liquidity information, revealing a significant increase in liquidity to over $580 million as of November 7, 2025, from $87 million in June 2025. This improvement is attributed to three major financing initiatives, including the issuance of convertible senior notes and equity offerings, which will fund the development of its rare earth elements and critical minerals project, supporting strategic growth and corporate purposes.
On November 4 and 5, 2025, Ramaco Resources announced a proposed $300 million convertible senior notes offering and a concurrent delta offering, with Goldman Sachs and Morgan Stanley as managers. The proceeds will fund capped call transactions, a rare earth elements project, and strategic growth, impacting market positioning and stakeholder interests.
On November 7, 2025, Ramaco Resources Land Holdings, LLC, a subsidiary of Ramaco Resources, Inc., entered into an agreement to purchase coal reserves and related real property interests from Coronado IV LLC and Buchanan Mining Company, LLC for $15 million. The transaction, which is expected to close in November 2025, includes customary conditions and liabilities, potentially impacting Ramaco’s operational capabilities and market positioning in the coal industry.
On November 4, 2025, Ramaco Resources announced a proposed offering of convertible senior notes and Class A common stock, aiming to strengthen its financial position. The company is advancing its rare earth elements and critical minerals operations at the Brook Mine in Wyoming, with plans to increase production and expand processing facilities. This development positions Ramaco as a significant player in the U.S. rare earth elements market, potentially impacting its stakeholders positively by enhancing its resource base and operational capabilities.
On October 31, 2025, Ramaco Resources announced the posting of a FAQ document on their website regarding the Brook Mine project, highlighting its significance as the first new rare earth and coal mine in the U.S. in decades. The project, which began active mining in July 2025, is expected to play a crucial role in establishing a domestic supply chain for strategic minerals, with significant implications for national defense and technology sectors.
On October 31, 2025, Ramaco Resources announced a collaboration with Goldman Sachs to establish a Strategic Critical Minerals Terminal (SCMT) at its Brook Mine in Wyoming. This initiative, approved by Ramaco’s Board on October 27, 2025, aims to mitigate supply chain risks and ensure access to strategic materials, positioning Ramaco as a leading producer of critical minerals and rare earth elements in the U.S. The SCMT will offer stockpiling, storage, and inventory management solutions, with plans to support third-party producers and enhance the domestic supply chain. The Brook Mine’s strategic location with direct railroad and highway access is expected to facilitate efficient distribution to defense and industrial consumers, reinforcing national security and innovation in the rare earths industry.
On October 30, 2025, Ramaco Resources announced a significant agreement with the U.S. Department of Energy’s National Energy Technology Laboratory to advance research and development in rare earth elements and critical minerals. This agreement aims to accelerate the discovery and commercialization of these resources at Ramaco’s Brook Mine in Wyoming, which is believed to contain the largest unconventional rare earth deposit in the U.S. The collaboration will leverage advanced technologies and the expertise of multiple national laboratories to strengthen U.S. competitiveness and enhance domestic mineral security.
In the third quarter of 2025, Ramaco Resources reported a net loss of $13.3 million but maintained strong liquidity with a record $272 million, positioning itself for a strategic transition into a dual-platform company. The company is advancing its rare earth and critical minerals project at the Brook Mine in Wyoming, with plans to become a leading national producer and processor. The Board has approved the development of a strategic critical mineral terminal and the construction of a commercial oxide facility, aiming to increase production significantly. Despite weak coal market conditions, Ramaco is optimizing production and costs to enhance margins and maintain its market position.
On October 27, 2025, Ramaco Resources announced its board’s approval to establish a national strategic stockpile of rare earth elements and critical minerals at its Brook Mine facility in Wyoming. This initiative, developed in collaboration with a nationally recognized commodity advisor, aims to position Ramaco as a comprehensive producer of critical minerals in the U.S., addressing supply chain risks and providing secure access to essential materials. The Brook Mine, strategically located with infrastructure access, is expected to enhance Ramaco’s production capabilities and support national security needs by increasing its annual production projection significantly. The stockpile will also offer tolling services for third-party producers, further strengthening the domestic supply chain.
On October 15, 2025, Ramaco Resources announced its official approval to join the Defense Industrial Base Consortium (DIBC), a strategic move that aligns with its mission to support U.S. national security through the development of domestic critical mineral resources. This membership provides Ramaco access to a network of defense contractors and federal agencies, enabling participation in federally funded research and production opportunities, particularly in areas critical to national defense such as rare earth elements and energy storage technologies. This inclusion underscores Ramaco’s commitment to advancing U.S. energy independence and supporting defense readiness.
On October 6, 2025, Ramaco Resources announced the appointment of Martin van Wyk as Senior Vice President of Critical Minerals Processing. Van Wyk, with over 23 years of experience in mineral processing, will lead the critical minerals processing development of the Brook Mine Project in Wyoming. His expertise in rare earth elements and innovative approach to process optimization is expected to position Ramaco at the forefront of sustainable resource development and technological innovation. This strategic hire is anticipated to significantly impact Ramaco’s commercial critical minerals strategy and future growth.
On September 18, 2025, Ramaco Resources announced significant developments in its Brook Mine project, including the groundbreaking of the mine and plans to increase production capacity from 2 million to 5 million tons per year. The company has raised $200 million in new equity and is engaging with federal agencies to expand its mining permit and enhance its processing capacity. These efforts aim to position Ramaco as a dominant domestic producer of rare earth elements and critical minerals, reducing reliance on foreign sources and aligning with national security priorities.
On September 15, 2025, Ramaco Resources appointed Michael R. Graney as an independent member of its Board of Directors, with his term expiring at the 2026 annual meeting. Graney, who has extensive experience in economic development and the energy sector, will serve on multiple committees and receive compensation similar to other independent directors. His appointment aligns with Ramaco’s strategic direction as a leading metallurgical coal producer and rare earth mine developer, positioning the company for significant growth.