Ramaco Resources sits below the minimum investable market capitalization and scores at the lowest quality tier — with a Piotroski F-Score of 3 out of 9, cash burning at 19% of revenue, and three of four recent earnings quarters missing estimates — while a 49% short interest and confirmed price downtrend compound the fundamental concerns.
Thesis pillars
- Extreme Short Interest Pressure↓Deteriorating
- Confirmed Technical Downtrend↑Improving
- Sub Floor Quality Cash Burn→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
Ramaco Resources, Inc. (METC) Stock Analysis
Sector Rotation edge
Basic Materials · Coking Coal
Sell if holding. Engine safety override at $7.50: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10 and A.R:R 6.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 82%; Elevated put/call ratio: 2.80; Below-average business quality.
Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical coal mines across four complexes (Elk Creek, Berwind, Knox Creek, Maben) in southern West Virginia and southwestern Virginia, while also developing the Brook... Read more
Sell if holding. Engine safety override at $7.50: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10 and A.R:R 6.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 82%; Elevated put/call ratio: 2.80; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.5/10, moderate confidence.
Passes 4/8 gates (favorable risk/reward ratio, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and clean insider activity and death cross (50MA < 200MA) and earnings proximity 5d<=7d. Suitability: speculative.
About Ramaco Resources, Inc.
About Ramaco Resources, Inc.
Ramaco Resources sold 3.8 million tons of metallurgical coal and recognized $536.6 million of revenue in 2025, drawing on 85 million reserve tons and 1,337 million measured and indicated resource tons across four West Virginia and Virginia mining complexes - Elk Creek, Berwind, Knox Creek and Maben. Annual production capacity stood at approximately four million clean tons, with plans to reach more than seven million tons as development continues, and 63% of 2025 revenue came from export markets.
Ramaco earns revenue by selling metallurgical coal to North American blast-furnace steel mills and coke plants under roughly one-year fixed-price-and-volume contracts, alongside export sales to buyers in Europe, South America, Africa and Asia priced against rolling three-month coal indices. Three customers accounted for approximately 34% of 2025 revenue, with no other customer reaching the 10% threshold. The company is diversifying beyond coal through its Brook Mine near Sheridan, Wyoming, where a Fluor Corporation Preliminary Economic Assessment concluded in July 2025 that developing rare earth elements such as neodymium, dysprosium, gallium and scandium was technically and economically viable, though the deposit remains an inferred resource rather than a booked reserve. China currently dominates global rare earth refining and production, a concentration Ramaco's Brook Mine initiative is intended to help offset domestically.
Show full overview
Ramaco's rare earth ambitions face a structural headwind: China accounts for the significant majority of global rare earth production and, through the state-consolidated China Rare Earth Group formed in December 2021, controls more than half of the world's heavy rare earth supply, including dysprosium and terbium - the same elements the Brook Mine's technical report identifies as commercially significant. Because the Brook Mine's resources are not yet classified as reserves, Ramaco's diversification beyond metallurgical coal remains contingent on further permitting, technical validation, and capital deployment before it can offset the company's near-total reliance on steel-industry demand for its core coal business.
See also: Basic Materials · Coking Coal
From Ramaco Resources, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-29Recent Developments — Ramaco Resources, Inc.
Latest news
- NEWS Ramaco Resources Executive to Speak at IEA Coal Industry Advisory Board Plenary — fiscal.ai Oct 28, 2026 neutral
- NEWS Goldman Sachs Maintains Neutral on Ramaco Resources, Lowers Price Target to $8 — benzinga Oct 23, 2026 negative
- NEWS Ramaco Resources, Inc. Schedules Third Quarter 2026 Financial Results Release — fiscal.ai Oct 22, 2026 neutral
- NEWS 'US Steel Prices Climb to Four-Year High as Trump’s Tariffs Bite' - Bloomberg — benzinga Oct 16, 2026 neutral
- NEWS Ramaco Resources Awarded $30M In Damages From Federal Jury In Insurance Lawsuit Against Federal Insurance company, ACE A — benzinga Sep 28, 2026 positive
Generated 2026-10-29T11:53:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertop three customers34%10-K Item 1: 'sales to three customers accounted for approximately 34% of total revenue. No other customer accounted for 10% or more'
- HIGHCommoditymetallurgical coal10-K Item 1A: 'Substantially all of our coal production is comprised of metallurgical coal, which commands a significant price premium'
- HIGHCustomersteel producers10-K Item 1A: 'Substantially all of the metallurgical coal that we produce is sold to steel producers.'
- HIGHGeographicexport markets63%10-K Item 1: '37% of our revenue was from sales into North American markets and 63% of our revenue was from sales into export markets'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers·1 ceiling hit
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Volatile — 7.6% daily ATR makes tight stops impractical. Position-size conservatively.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $7.50: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 4.5/10 and A.R:R 6.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 82%; Elevated put/call ratio: 2.80; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $6.98. Score 4.5/10, moderate confidence.
Analyst target: $14.58 (+94.4% upside). Prior stop was $6.98. Stop-loss: $6.98.
Concentration risk — Commodity: metallurgical coal; Concentration risk — Customer: steel producers; Quality below floor (1.6 < 4.0).
Ramaco Resources, Inc. trades at a P/E of N/A (forward 25.6). TrendMatrix value score: 8.7/10. Verdict: Sell.
15 analysts cover METC with a consensus score of 3.9/5. Average price target: $17.
What does Ramaco Resources, Inc. do?Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical...
Ramaco Resources operates as a dual-platform critical minerals company, developing and operating low-cost metallurgical coal mines across four complexes (Elk Creek, Berwind, Knox Creek, Maben) in southern West Virginia and southwestern Virginia, while also developing the Brook Mine near Sheridan, Wyoming for rare earth elements and critical minerals including neodymium, dysprosium, gallium and scandium. The company sold 3.8 million tons of coal and recognized $536.6 million of revenue in 2025, with 63% from export markets and sales to three customers accounting for approximately 34% of total r