Ramaco Resources, Inc. Class A (METC)

Ramaco Resources' stock price has experienced volatility in the past six months. Analyst upgrades and the rare earth story led to a surge, with Jefferies Financial Group raising its price target. The Q3 2025 earnings report revealed a net loss and revenue decline, despite strong liquidity. Ramaco announced a strategic stockpile initiative for critical minerals at its Brook Mine. The stock experienced significant drops following the Q3 earnings and strategic announcements. Director Peter A. Leidel sold 1.6 million shares for $30 million.

The demand for metallurgical coal is tied to industrial growth and global steel production. Policies such as "America First" and tariffs on imported steel could increase domestic steel production. The demand for rare earth elements (REEs) and critical minerals is anticipated to grow significantly, driven by their role in electric vehicles and advanced technologies. Demand for coal-to-carbon-based products is linked to the broader industrial and advanced materials markets.

Ramaco Resources, Inc. (METC) operates and develops metallurgical coal and is expanding into rare earth and critical minerals. The company focuses on high-quality, low-cost metallurgical coal production for steelmaking. Ramaco is also expanding into rare earth elements (REEs) and critical minerals, with the Brook Mine in Wyoming as a key development. Additionally, Ramaco is involved in carbon innovation, aiming to develop coal-to-carbon-based products to replace petroleum as a feedstock.

Ramaco Resources, Inc. has executive offices in Lexington, Kentucky, and operational offices in Charleston, West Virginia, and Sheridan, Wyoming. The company operates four active metallurgical coal mining complexes in Central Appalachia, across southern West Virginia, southwestern Virginia, and southwestern Pennsylvania. It also has the Brook Mine near Sheridan, Wyoming, in the initial stages of production, spanning approximately 15,800 acres, with 4,500 acres already permitted.

Ramaco Resources' brand reputation has been shaped by its pivot towards rare earth elements and critical minerals. The discovery of deposits at its Brook Mine has generated positive attention. Ramaco has opened a rare earth elements and critical minerals mine in the United States and is establishing a strategic stockpile. Ramaco has maintained a reputation for being a low-cost producer with efficient operations in metallurgical coal. Recent financial results have presented challenges, with a reported net loss and a decline in revenue for Q3 2025.

Institutional investors hold a significant stake in Ramaco Resources, Inc., owning 44% as of February 28, 2024, and 67.13% as of October 27, 2025. The top 7 shareholders collectively own 51% of the company. Insiders own 11% of Ramaco Resources. Yorktown Partners LLC is the largest shareholder, holding 30% of the outstanding shares.