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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 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 | 38.61M | 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 | 194.65M | 33.81M | 42.76M | 36.51M | 22.79M | 6.70M |
| Total Debt | 136.38M | 103.67M | 101.13M | 138.82M | 51.46M | 17.45M |
| 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 | $3.16B | 12.96 | 13.11% | 10.40% | -9.45% | -46.17% | |
66 Neutral | $3.47B | 98.94 | 1.67% | 0.39% | -23.25% | -90.78% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $3.53B | -102.59 | -0.87% | 1.16% | -7.21% | ― | |
60 Neutral | $875.26M | ― | -89.44% | ― | -14.68% | -3155.06% | |
56 Neutral | $2.27B | ― | -2.29% | ― | -29.63% | -108.26% | |
45 Neutral | $1.51B | -40.81 | -7.40% | 2.01% | -16.99% | -184.02% |
Ramaco Resources Corporate Events
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.
The most recent analyst rating on (METC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
The recent earnings call for Ramaco Resources revealed a mixed sentiment, highlighting positive strides in the rare earths and critical minerals sector, juxtaposed with ongoing financial and operational hurdles in the metallurgical coal market. Despite these challenges, the company is effectively managing costs and maintains a robust liquidity position, though the met coal market conditions continue to pose significant challenges.
The consolidation of the rare earth elements and critical minerals industry poses a significant risk to Ramaco Resources as competitors enhance their market positions through strategic acquisitions and partnerships. This trend, exemplified by the formation of China Rare Earth Group, may lead to competitors with superior product offerings and pricing strategies, challenging Ramaco’s ability to compete effectively. The increased competition could adversely impact Ramaco’s growth prospects and stock price, as the company may struggle to match the pricing flexibility and business practices of more consolidated rivals. As demand for rare earth materials continues to rise, Ramaco Resources faces heightened pressure to adapt to the evolving competitive landscape.
Ramaco Resources, Inc. is a prominent operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and is transitioning into a producer of rare earth and critical minerals in Wyoming. The company recently reported its financial results for the third quarter of 2025, highlighting its strategic shift towards becoming a dual-platform company focused on both metallurgical coal and rare earth minerals.
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.
The most recent analyst rating on (METC) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
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.
The most recent analyst rating on (METC) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On September 8, 2025, Ramaco Resources announced the dividend ratio for its Class B common stock dividend for the third quarter of 2025. Shareholders of record on September 5, 2025, will receive 0.011988 shares of Class B common stock for each share held, with cash payments for fractional shares based on the closing price on the record date. This announcement reflects the company’s ongoing commitment to providing value to its shareholders through stock dividends.
The most recent analyst rating on (METC) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On September 4, 2025, Ramaco Resources announced that it has retained Hatch Ltd. to lead the next phase of the Brook Mine rare earth elements and critical minerals project. Hatch will develop the project’s Pre-Feasibility Study, which includes test-work support, pilot plant design, and process flowsheet optimization. This decision is part of Ramaco’s strategy to advance the Brook Mine project and capitalize on growing interest from stakeholders. The project has been validated by geological assessments and a preliminary economic assessment, paving the way for the development of the first new rare earth mine in the U.S. since 1952.
The most recent analyst rating on (METC) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On September 3, 2025, Ramaco Resources announced the passing of Patrick C. Graney, III, a long-time board member who served since December 2016. Graney was instrumental in the company’s growth and community initiatives, including expanding the workforce to over 1,000 employees and championing educational and regional revitalization efforts. In his honor, the Ramaco Foundation pledged $100,000 to the University of Charleston’s Patrick C. Graney III Endowment Fund, reflecting his commitment to education and community investment.
The most recent analyst rating on (METC) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On August 22, 2025, Ramaco Resources announced that its board of directors approved a stock dividend of $0.1918 per share for its Class B common stock, payable on September 19, 2025, to shareholders of record as of September 5, 2025. This dividend will be paid in Class B common stock, with the number of shares determined by the closing transaction price on the record date. Instead of issuing fractional shares, the company will pay cash for the fractional value based on the closing price on the record date.
The most recent analyst rating on (METC) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On August 7, 2025, Ramaco Resources, Inc. announced the closing of its underwritten public offering, raising approximately $200 million through the sale of 10,666,667 shares of Class A common stock at $18.75 per share. The company intends to use the net proceeds to accelerate the development of its rare earth elements and critical minerals project, pursue strategic growth opportunities, and for general corporate purposes. Yorktown Energy Partners, the selling stockholders, granted underwriters a 30-day option to purchase additional shares, which was fully exercised, although Ramaco will not receive proceeds from this sale.
The most recent analyst rating on (METC) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.
On August 5, 2025, Ramaco Resources, Inc. entered into an underwriting agreement for a public offering of 10,666,667 shares of its common stock, priced at $18.75 per share, with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC as lead underwriters. The net proceeds of approximately $188.1 million are intended to fund the development of its rare earth elements and critical minerals project, strategic growth opportunities, and general corporate purposes. Concurrently, the company amended its Credit Agreement to remove negative covenants related to equity securities issuance, enhancing its financial flexibility.
The most recent analyst rating on (METC) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Ramaco Resources stock, see the METC Stock Forecast page.