Ramaco Resources, Inc. (METC) AI Stock Analysis

Ramaco Resources, Inc. produces and supplies metallurgical coal primarily to blast furnace steel mills and coke plants in the United States and international markets. Founded in 2015 and headquartered in Lexington, Kentucky, the company operates several development properties in Appalachia. Its core holdings include the Elk Creek project covering approximately 20,200 acres with 16 coal seams in southern West Virginia, the Berwind property spanning about 41,300 acres along the West Virginia-Virginia border, the Knox Creek property covering approximately 62,100 acres in Virginia, and the 1,570-acre RAM Mine property in southwestern Pennsylvania.

Ramaco Resources grew revenue at a 26.0% CAGR from FY2020 through FY2025. Annual revenue expanded from $283.4M in FY2021 to a peak of $693.5M in FY2023, before contracting to $666.3M in FY2024 and falling 19.5% to $536.6M in FY2025. Operating margin declined from 26.6% in FY2022 to -10.4% in FY2025, when the company recorded net income of -$51.4M and diluted EPS of -$0.99. In the trailing twelve months through June 30, 2026, revenue stood at $515.4M with a net margin of -12.0%. For the latest quarter ended June 30, 2026, quarterly revenue fell 5.3% year-over-year and quarterly earnings declined 89.0%.

As of June 30, 2026, Ramaco Resources held $282.5M in cash and short-term investments against total debt of $468.4M, resulting in net debt of $185.9M. Shareholders' equity was $376.1M, giving a debt-to-equity ratio of 1.25, while the current ratio stood at 4.23. Total assets reached $1.02B. In FY2025, operating cash flow dropped to $2.0M, while capital expenditures of $62.8M led to free cash flow of -$60.8M. Cash outlays that year included $4.3M in dividends paid, and the company's share count increased 32.7% over five years.

At $7.83 per share, Ramaco Resources has a market capitalization of $498.6M and an enterprise value of $722.8M. The stock trades at a forward P/E of 5.5x and a price-to-sales ratio of 1.0x, compared to the median of its US-listed Basic Materials peers of 13.4x forward P/E and 1.8x price-to-sales. Its EV-to-revenue multiple is 1.4x. Over the past year, Ramaco's shares fell 84.2%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock dropped 38.6% compared to an 83.0% gain for SPY.

Wall Street coverage consists of 5 Strong Buy and 3 Hold ratings. The mean price target is $17.14, which sits 118.9% above the October 16, 2026 closing price of $7.83. For the fiscal year ending December 31, 2026, analysts estimate an EPS of -$0.93 on revenue of $574.6M. For the following fiscal year, 3 analysts project revenue of $695.3M and an EPS of $0.29. The company beat EPS estimates in 1 of the last 4 quarters. The next earnings date is October 26, 2026.

This page is an AI-written research summary of Ramaco Resources, Inc. (METC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: METC income statement, METC balance sheet, METC key metrics, METC analyst forecast, METC chart. See the METC stock overview for the latest quote and news.