Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,166 acres of controlled mineral and 25 seams located in southern West Virginia; the Berwind property comprising approximately 31,200 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.
IPO Year: 2017
Exchange: NASDAQ
Website: ramacoresources.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/16/2024 | $21.00 | Neutral | UBS |
| 6/7/2022 | $16.00 → $25.00 | Hold → Buy | Jefferies |
| 3/9/2022 | $16.00 → $19.00 | Hold | Jefferies |
LEXINGTON, Ky., Feb. 18, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth elements and critical minerals in Wyoming, today announced the first quarter cash dividend on its Class B common stock. BOARD OF DIRECTORS DECLARES CLASS B CASH DIVIDEND Ramaco's Board of Directors approved and declared a quarterly cash dividend of $0.1971 per share on the Company's Class B common stock. The first quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025. The Company previously annou
LEXINGTON, Ky., Dec. 5, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )), a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth elements and critical minerals in Wyoming, today provided an update on several operational and financial matters. RAMACO ANNOUNCES INITIAL 2025 GUIDANCE The Company is issuing initial guidance for the 2025 calendar year. For full-year sales volumes, the Company expects between 4.4 – 4.8 million tons, with an ability to sell at least 5 million tons dependent on market conditions.The Company expects full-year production volumes between
LEXINGTON, Ky., Nov. 20, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) today announced that its Board of Directors has declared dividends for the fourth quarter of fiscal year 2024 relating to both the Class A and Class B common shares to shareholders of record on December 2, 2024 (the "Record Date"). The dividends will be issued on December 16, 2024 (the "Payment Date"). Both the Class A and Class B dividends will be paid in shares of Class B common stock and the number of shares to be issued will be based upon the per share closing transaction price of the Class B common stock reported by the Nasdaq Stock Market on the Record Date. Ran
LEXINGTON, Ky., Nov. 4, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three months and nine months ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS For the quarter ended September 30, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $23.6 million, compared to $28.8 millio
LEXINGTON, Ky., Oct. 29, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) will report third quarter 2024 financial results on Monday, November 4, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites. At 9:00 a.m. Eastern Time on Tuesday, November 5, 2024, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, EVP for Mine Planning & Development, Jeremy R. Sussman, EVP & Chief Financial Officer and Ja
LEXINGTON, Ky., Aug. 7, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three months and six months ended June 30, 2024. SECOND QUARTER 2024 HIGHLIGHTS For the quarter ended June 30, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $28.8 million, compared to $24.2 million in the
LEXINGTON, Ky., July 23, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))) will report second quarter 2024 financial results on Wednesday, August 7, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites. At 9:00 a.m. Eastern Time on Thursday, August 8, 2024, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, EVP for Mine Planning & Development, Jeremy R. Sussman, EVP & Chief Financial Officer and
LEXINGTON, Ky., May 8, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))), a leading operator and developer of high-quality, low-cost metallurgical coal, today reported financial results for the three months ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS For the three months ended March 31, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $24.2 million, compared to $58.5 million in the fourth quarter of 2023. (See "Reconciliations of Non-GAAP Measure" below.)For the three months ended March
LEXINGTON, Ky., April 25, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))) will report first quarter 2024 financial results on Wednesday, May 8, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites. At 9:00 a.m. Eastern Time on Thursday, May 9, 2024, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, Chief Operating Officer and Jeremy R. Sussman, Chief Financial Officer will discuss the first qu
LEXINGTON, Ky., March 21, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", ))), a leading operator and developer of high-quality, low-cost metallurgical coal, announced that the Company is publishing today the Updated Technical Report Summary ("Report") undertaken by its independent reserve geologist, Weir International, Inc. ("Weir") regarding Ramaco's Brook Mine rare earth opportunity. The full Report can be found on our website www.ramacoresources.com. In addition to the Report, Ramaco's Chairman and Chief Executive Randall Atkins has written an accompanying Shareholder Letter to explain the Report's findings. The letter also sets forth wha
LEXINGTON, Ky., Feb. 18, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth elements and critical minerals in Wyoming, today announced the first quarter cash dividend on its Class B common stock. BOARD OF DIRECTORS DECLARES CLASS B CASH DIVIDEND Ramaco's Board of Directors approved and declared a quarterly cash dividend of $0.1971 per share on the Company's Class B common stock. The first quarter dividend is payable on March 14, 2025, to shareholders of record on February 28, 2025. The Company previously annou
LEXINGTON, Ky., Dec. 11, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, METCL, METCZ)) ("Ramaco Resources" or the "Company") announced today that the underwriters of its previously announced public offering (the "Offering") of 8.375% Senior Notes due 2029 (the "Notes") exercised their over-allotment option on December 9, 2024, resulting in the issuance of an additional $7,500,000 aggregate principal amount of the Notes. After giving effect to the exercise of the over-allotment option, $57,500,000 aggregate principal amount of the Notes were issued in the Offering. The Notes will mature on November 30, 2029, unless redeemed prior to maturity. The Notes bear interest at a r
LEXINGTON, Ky., Dec. 5, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )), a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth elements and critical minerals in Wyoming, today provided an update on several operational and financial matters. RAMACO ANNOUNCES INITIAL 2025 GUIDANCE The Company is issuing initial guidance for the 2025 calendar year. For full-year sales volumes, the Company expects between 4.4 – 4.8 million tons, with an ability to sell at least 5 million tons dependent on market conditions.The Company expects full-year production volumes between
Project would be only primary source mine for gallium, germanium, and scandium in the world LEXINGTON, Ky., Dec. 4, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB)) ("Ramaco Resources" or the "Company") is pleased to announce that Fluor Corporation ("Fluor") in its interim preliminary techno-economic analysis of Ramaco's Brook Mine projects that the development is both commercially and technologically feasible. The mine holds a large unconventional deposit of rare earth elements and critical minerals sourced from coal and carbonaceous ore. Key Highlights: Ramaco seeks to extract valuable rare earth elements ("REE") and critical minerals from unconventional coal and carbona
LEXINGTON, Ky., Nov. 27, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, METCL)) ("Ramaco Resources" or the "Company") announced today the closing of its previously announced public offering (the "Offering") of senior unsecured notes due 2029 (the "Notes"). The Notes will mature on November 30, 2029, unless redeemed prior to maturity. The Notes bear interest at a rate of 8.375% per year, payable in arrears on the 30th day of January, April, July and October of each year, commencing on January 30, 2025, and at maturity. The Company may redeem the Notes in whole or in part, at the Company's option, at any time on or after November 30, 2026, at a redemption price equal to 100%
LEXINGTON, Ky., Nov. 21, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, METCL)) ("Ramaco Resources" or the "Company") announced today that it has priced its previously announced public offering (the "Offering") of senior unsecured notes due 2029 (the "Notes"). The Notes will mature on November 30, 2029, unless redeemed prior to maturity. The Notes will bear interest at a rate of 8.375% per year, payable in arrears on the 30th day of January, April, July and October of each year, commencing on January 30, 2025, and at maturity. The Company may redeem the Notes in whole or in part, at the Company's option, at any time on or after November 30, 2026, at a redemption price equal
LEXINGTON, Ky., Nov. 20, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, METCL)) ("Ramaco Resources" or the "Company"), an operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming, announced today that it plans to offer senior unsecured notes due 2029 (the "Notes") in a registered underwritten public offering (the "Offering"). The Company intends to use the net proceeds from the Offering for general corporate purposes, including funding future investments, making capital expenditures and funding working capital. The Notes will be issued in minimum denominations of $25.00 and
LEXINGTON, Ky., Nov. 20, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) today announced that its Board of Directors has declared dividends for the fourth quarter of fiscal year 2024 relating to both the Class A and Class B common shares to shareholders of record on December 2, 2024 (the "Record Date"). The dividends will be issued on December 16, 2024 (the "Payment Date"). Both the Class A and Class B dividends will be paid in shares of Class B common stock and the number of shares to be issued will be based upon the per share closing transaction price of the Class B common stock reported by the Nasdaq Stock Market on the Record Date. Ran
LEXINGTON, Ky., Nov. 4, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )), is a leading operator and developer of high-quality, low-cost metallurgical coal in Central Appalachia and future developer of rare earth and critical minerals in Wyoming. Today it reported financial results for the three months and nine months ended September 30, 2024. THIRD QUARTER 2024 HIGHLIGHTS For the quarter ended September 30, 2024, the Company had adjusted earnings before interest, taxes, depreciation, amortization, certain non-operating expenses, and equity-based compensation ("Adjusted EBITDA", a non-GAAP measure), of $23.6 million, compared to $28.8 millio
LEXINGTON, Ky., Oct. 29, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC, METCB, ", Ramaco", or the ", Company", )) will report third quarter 2024 financial results on Monday, November 4, 2024 after the close of the market. The earnings news release will be available on the Company's investor relations website at www.ramacoresources.com and through major financial information sites. At 9:00 a.m. Eastern Time on Tuesday, November 5, 2024, Ramaco Resources will host an investor conference call and webcast where Randall W. Atkins, Chairman and Chief Executive Officer, Christopher L. Blanchard, EVP for Mine Planning & Development, Jeremy R. Sussman, EVP & Chief Financial Officer and Ja
8-K - Ramaco Resources, Inc. (0001687187) (Filer)
8-K - Ramaco Resources, Inc. (0001687187) (Filer)
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10-Q - Ramaco Resources, Inc. (0001687187) (Filer)
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SHERIDAN, Wyo., Sept. 30, 2024 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC) announced today it has hired Dr. Vishnu Sundaresan as senior vice president of Technology to help lead the company's expanding rare earth element (REEs) and carbon products activities. In his role, Dr. Sundaresan will chart Ramaco's technology strategy and oversee the development and implementation of innovative technology solutions to support the company's REE and coal to advanced carbon products growth. Dr. Sundaresan joins Ramaco following his work as a program manager at the Defense Advanced Research Project Agency (DARPA). DARPA is a research and development agency of the United States Department of Def
LEXINGTON, Ky., Sept. 12, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC) ("Ramaco Resources" or the "Company") today announced the appointment of four senior executives into newly created positions at the Company. Paul Horn will serve as Senior Vice President and Ramaco's Chief Mine Development Officer, Scott Kreutzer will join as Senior Vice President and Chief Administrative Officer, Tim Chatting will serve as Director of Financial Reporting, and Katie Monroe will serve as Director of Land Administration. The hires are an integral part of Ramaco's ongoing growth and production expansion. Ramaco has recently announced plans to nearly triple its annual production of metallurgical
LEXINGTON, Ky., Jan. 3, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC) ("Ramaco" or the "Company") announced today that it has accepted the resignation of two independent directors associated with the private equity firm of Energy Capital Partners ("ECP") and also announced the appointment of a new independent director. Jennifer Gray and Mahmud Riffat, both senior officers of ECP, confirmed to Ramaco Chairman Randall Atkins that effective December 27, 2021, they would both resign in order to facilitate the future distribution of the shares of Ramaco owned by various ECP partnerships to their respective limited partners. Collectively, as of April 2021, ECP owned approximately 5.6 m
LEXINGTON, Ky., May 18, 2021 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ:METC) ("Ramaco" or the "Company") today announced the appointment of Bruce A. Hartshorn as Vice President – Metallurgical Sales of Ramaco Coal Sales, LLC. Mr. Hartshorn will manage the Company's seaborne sales and marketing operations from its Lexington, Kentucky office, with additional responsibilities involving logistics, third-party coal purchasing, and product optimization, while assisting in all other aspects of the Company's coal sales and marketing. Mr. Hartshorn brings to Ramaco more than four decades of coal sales and marketing experience, as well as an extensive background in logistics, coal purchasing a
LEXINGTON, Ky., Feb. 16, 2021 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco Resources" or the "Company") today announced that its Board of Directors accepted the resignation of Tyler Reeder as a Director and the appointment of Jennifer Gray as a new independent director. Both Reeder and Gray are currently Managing Directors of Energy Capital Partners, a major shareholder in the Company. Randall Atkins, Ramaco Resources' Chairman and Chief Executive Officer remarked, "We are sorry to announce that Tyler Reeder will be stepping down from the Board due to other commitments at Energy Capital. Tyler has been a steady, experienced voice on the Board since before we became a pub
UBS initiated coverage of Ramaco Resources with a rating of Neutral and set a new price target of $21.00
Jefferies upgraded Ramaco Resources from Hold to Buy and set a new price target of $25.00 from $16.00 previously
Jefferies reiterated coverage of Ramaco Resources with a rating of Hold and set a new price target of $19.00 from $16.00 previously
Benchmark resumed coverage of Ramaco Resources with a rating of Buy and set a new price target of $6.00
B. Riley resumed coverage of Ramaco Resources with a rating of Buy and set a new price target of $9.00 from $8.00 previously
Benchmark resumed coverage of Ramaco Resources with a rating of Buy and set a new price target of $6.00
The Benchmark Company resumed coverage of Ramaco Resources with a rating of Buy and set a new price target of $6.00
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