Ramaco Resources Increases Credit Facility to $500 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Credit Facility Increase: Ramaco Resources amended its credit agreement with KeyBank to raise total commitments to $500 million, including a $350 million revolving credit and a $150 million accordion feature, significantly enhancing the company's financial flexibility.
- Maturity Extension: The new agreement extends the maturity date from 2029 to 2030, which not only provides a longer funding horizon but also supports the company's long-term growth objectives, ensuring ongoing capital market activities.
- Capital Market Transactions: Since August 2025, Ramaco has raised nearly $1 billion in capital market and banking transactions, which will provide essential financial support for its metallurgical coal business and rare earth development, further driving its strategic growth.
- Strengthened Partnerships: Ramaco expressed gratitude for KeyBank's continued support, highlighting the importance of its relationships with KeyBank and other banking partners, which not only enhances the company's credit capacity but also lays a solid foundation for future investments and growth.
METC
$17.38+Infinity%1D
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 39.52 USD with a low forecast of 16.15 USD and a high forecast of 50.00 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.
8 Analyst Rating
6 Buy
1 Hold
1 Sell
Moderate Buy
Current: 18.230
Low
16.15
Averages
39.52
High
50.00
Current: 18.230
Low
16.15
Averages
39.52
High
50.00
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.
