Jefferies Upgrades Ramaco Resources to Buy with $30 Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23 Jan 26
Source: Benzinga
Ramaco Resources Inc. saw its stock rise by 7.49% as it reached a 20-day high.
The increase follows Jefferies upgrading the company from Hold to Buy, setting a price target of $30. This upgrade reflects optimism regarding met coal price forecasts and the potential for Ramaco's Brook Mine project to drive future growth. Analysts believe that geopolitical factors may further enhance investor confidence in the stock.
The upgrade indicates a positive outlook for Ramaco, contingent on rising met coal prices and successful project developments, which could attract more capital inflows.
Analyst Views on METC
Wall Street analysts forecast METC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for METC is 33.36 USD with a low forecast of 16.00 USD and a high forecast of 44.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 22.580
Low
16.00
Averages
33.36
High
44.00
Current: 22.580
Low
16.00
Averages
33.36
High
44.00
About METC
Ramaco Resources, Inc. is an operator and developer of metallurgical coal in southern West Virginia and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production. Its development portfolio primarily includes properties: Elk Creek, Berwind, Knox Creek, and Maben. It also controls mineral deposits near Sheridan, Wyoming as part of the Company’s initiatives regarding the potential recovery of rare earth elements and critical minerals as well as the potential commercialization of coal-to-carbon-based products and materials. Its Knox Creek Complex includes a preparation plant and 64,050 acres of controlled mineral rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
