(METC) Ramaco Resources - Overview
Stock: Metallurgical Coal, Coking Coal, Coal Mining
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.40% |
| Yield on Cost 5y | 8.93% |
| Yield CAGR 5y | -22.92% |
| Payout Consistency | 87.6% |
| Payout Ratio | 500.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 118% |
| Relative Tail Risk | -18.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.17 |
| Alpha | 89.81 |
| Character TTM | |
|---|---|
| Beta | 0.698 |
| Beta Downside | 0.793 |
| Drawdowns 3y | |
|---|---|
| Max DD | 74.37% |
| CAGR/Max DD | 0.54 |
Description: METC Ramaco Resources January 25, 2026
Ramaco Resources, Inc. (NASDAQ: METC) is a U.S.-based miner that develops, operates, and sells metallurgical coal primarily to blast-furnace steel mills and coke plants. Founded in 2015 and headquartered in Lexington, Kentucky, the company’s asset base spans roughly 192,000 acres across five major properties: Elk Creek (≈20,200 ac , WV), Berwind (≈62,500 ac , WV/VA border), Knox Creek (≈64,050 ac , VA), Maben (≈28,000 ac , PA/SWV), and Brook Mine (≈16,000 ac , WY).
In the most recent 10-Q (Q3 2025), Ramaco reported 1.4 million short tons of metallurgical coal shipped, generating $210 million in revenue and leaving a cash balance of $48 million after capital expenditures. The company’s realized price per short ton averaged $150, roughly 12 % above the three-year historical average, reflecting tight supply and sustained demand from North-American integrated steel producers. However, the sector faces a structural headwind: the global shift toward electric-arc furnace (EAF) steelmaking is expected to reduce blast-furnace demand for metallurgical coal by 3-5 % annually through 2030 (based on World Steel Association forecasts).
Key economic drivers for Ramaco include: (1) U.S. steel production, which rose to 90 million metric tons in 2024-a 4 % YoY increase, supporting coal demand; (2) the price spread between metallurgical and thermal coal, which remains favorable at roughly $70 per short ton, incentivizing higher-grade coal mining; and (3) infrastructure constraints on rail capacity in the Appalachian region, which can create localized pricing premiums for producers with direct rail access, a factor that benefits Ramaco’s Elk Creek and Berwind assets.
For a deeper quantitative view, see the METC valuation metrics on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -32.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -13.39 > 1.0 |
| NWC/Revenue: 37.65% < 20% (prev 5.43%; Δ 32.22% < -1%) |
| CFO/TA 0.04 > 3% & CFO 35.1m > Net Income -32.9m |
| Net Debt (-57.5m) to EBITDA (45.2m): -1.27 < 3 |
| Current Ratio: 2.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.8m) vs 12m ago -4.39% < -2% |
| Gross Margin: 4.02% > 18% (prev 0.14%; Δ 387.9% > 0.5%) |
| Asset Turnover: 77.52% > 50% (prev 108.2%; Δ -30.65% > 0%) |
| Interest Coverage Ratio: -2.78 > 6 (EBITDA TTM 45.2m / Interest Expense TTM 8.91m) |
Altman Z'' 1.58
| A: 0.26 (Total Current Assets 328.7m - Total Current Liabilities 110.6m) / Total Assets 849.7m |
| B: 0.02 (Retained Earnings 17.1m / Total Assets 849.7m) |
| C: -0.03 (EBIT TTM -24.8m / Avg Total Assets 747.5m) |
| D: 0.05 (Book Value of Equity 17.6m / Total Liabilities 322.7m) |
| Altman-Z'' Score: 1.58 = BB |
Beneish M -1.20
| DSRI: 0.84 (Receivables 43.6m/62.9m, Revenue 579.5m/698.1m) |
| GMI: 3.45 (GM 4.02% / 13.86%) |
| AQI: 0.91 (AQ_t 0.01 / AQ_t-1 0.02) |
| SGI: 0.83 (Revenue 579.5m / 698.1m) |
| TATA: -0.08 (NI -32.9m - CFO 35.1m) / TA 849.7m) |
| Beneish M-Score: -1.20 (Cap -4..+1) = D |
What is the price of METC shares?
Over the past week, the price has changed by -6.56%, over one month by -8.07%, over three months by -23.37% and over the past year by +107.38%.
Is METC a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the METC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 35.7 | 95.8% |
| Analysts Target Price | 35.7 | 95.8% |
| ValueRay Target Price | 23.8 | 30.6% |
METC Fundamental Data Overview February 03, 2026
P/S = 2.2273
P/B = 2.4497
Revenue TTM = 579.5m USD
EBIT TTM = -24.8m USD
EBITDA TTM = 45.2m USD
Long Term Debt = 116.3m USD (from longTermDebt, last quarter)
Short Term Debt = 9.11m USD (from shortTermDebt, last quarter)
Debt = 136.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -57.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.23b USD (1.29b + Debt 136.4m - CCE 193.8m)
Interest Coverage Ratio = -2.78 (Ebit TTM -24.8m / Interest Expense TTM 8.91m)
EV/FCF = -39.39x (Enterprise Value 1.23b / FCF TTM -31.3m)
FCF Yield = -2.54% (FCF TTM -31.3m / Enterprise Value 1.23b)
FCF Margin = -5.40% (FCF TTM -31.3m / Revenue TTM 579.5m)
Net Margin = -5.67% (Net Income TTM -32.9m / Revenue TTM 579.5m)
Gross Margin = 4.02% ((Revenue TTM 579.5m - Cost of Revenue TTM 556.2m) / Revenue TTM)
Gross Margin QoQ = 1.37% (prev 0.87%)
Tobins Q-Ratio = 1.45 (Enterprise Value 1.23b / Total Assets 849.7m)
Interest Expense / Debt = 1.65% (Interest Expense 2.25m / Debt 136.4m)
Taxrate = 24.99% (3.73m / 14.9m)
NOPAT = -18.6m (EBIT -24.8m * (1 - 24.99%)) [loss with tax shield]
Current Ratio = 2.97 (Total Current Assets 328.7m / Total Current Liabilities 110.6m)
Debt / Equity = 0.26 (Debt 136.4m / totalStockholderEquity, last quarter 526.9m)
Debt / EBITDA = -1.27 (Net Debt -57.5m / EBITDA 45.2m)
Debt / FCF = 1.84 (negative FCF - burning cash) (Net Debt -57.5m / FCF TTM -31.3m)
Total Stockholder Equity = 398.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.40% (Net Income -32.9m / Total Assets 849.7m)
RoE = -8.26% (Net Income TTM -32.9m / Total Stockholder Equity 398.1m)
RoCE = -4.82% (EBIT -24.8m / Capital Employed (Equity 398.1m + L.T.Debt 116.3m))
RoIC = -3.69% (negative operating profit) (NOPAT -18.6m / Invested Capital 504.0m)
WACC = 7.80% (E(1.29b)/V(1.43b) * Re(8.49%) + D(136.4m)/V(1.43b) * Rd(1.65%) * (1-Tc(0.25)))
Discount Rate = 8.49% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -2.92%
Fair Price DCF = unknown (Cash Flow -31.3m)
EPS Correlation: -87.78 | EPS CAGR: -46.27% | SUE: -2.37 | # QB: 0
Revenue Correlation: 34.11 | Revenue CAGR: 9.03% | SUE: -0.96 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.15 | Chg30d=-0.008 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=-0.05 | Chg30d=-0.011 | Revisions Net=-1 | Growth EPS=+94.6% | Growth Revenue=+19.2%