Ramaco Resources Inc. (METC, METCB, METCL)

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250 WEST MAIN STREET, LEXINGTON, KY

Models

Ramaco Resources Inc. (METC)Updated Aug 6, 2026 · Revised 1 time
Fair value
$14.56
Upside/downside
59.5%
Normalized EBITDA
$118.63
Financial modelassumptions as of 2026-08-06USD

Artifacts

The stock is trading at ~76x its coal business EBITDA because 93-96% of the market cap is attributable to the Brook Mine rare earth project, not the coal business. Here's the breakdown: H1 2025 adjusted EBITDA was only $17.8 million, which annualizes to ~$36 million. Cash margins per ton fell from $43.78 to $19.59 year-over-year, and Q2 net loss was $14...