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Investing.com - Benchmark has reiterated a Buy rating on Ramaco Resources Inc. (NASDAQ:METC) with a price target of $24.00. The stock, currently trading at $25.44, has shown remarkable momentum with a 186.8% return over the past six months. According to InvestingPro analysis, the company appears overvalued at current levels.
The research firm maintained its positive outlook following meetings with Ramaco’s senior management team, including Chairman & CEO Randy Atkins, CFO Jeremy Sussman, and EVP for Critical Minerals Mike Woloschuk.
The meetings covered both Ramaco’s established metallurgical coal business and its developing rare earth element (REE) operations at the Brook Mine in Wyoming.
Benchmark analyst Nathan Martin specifically noted, "Last week, we had the pleasure of hosting senior members of Ramaco Resources™ (METC) management team including Chairman & CEO Randy Atkins, CFO Jeremy Sussman, and EVP for Critical Minerals Mike Woloschuk for a full day of meetings."
The discussions focused on the company’s legacy metallurgical coal business as well as its ramping rare earth element and critical minerals operation in Wyoming.
In other recent news, Ramaco Resources announced the closing of its underwritten public offering of Class A common stock, raising approximately $200 million in gross proceeds. The company sold 10,666,667 shares at a price of $18.75 per share, with an additional $30 million option exercised by underwriters. This offering was priced below the previous day’s closing price of $23.14, leading to a 14% drop in the stock value. Earlier, the company had launched a $150 million public offering, with Yorktown Energy Partners granting underwriters an option for additional shares. Additionally, Ramaco Resources reported a net loss of $14 million for Q2 2025, marking a decline from the previous quarter. The earnings report revealed a strong liquidity position, but investor concerns arose due to reduced production guidance and challenges in the coal market. The company’s stock price fell by 9.58% following the earnings announcement. These developments reflect ongoing financial and operational challenges for Ramaco Resources.
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