How Jefferies’ Metallurgical Coal and Rare Earths Upgrade At Ramaco Resources (METC) Has Changed Its Investment Story
Jefferies upgraded Ramaco Resources from Hold to Buy, emphasizing its metallurgical coal and rare earth elements project. This upgrade highlights Ramaco's dual focus on steel-linked coal assets and critical minerals, attracting investor interest. Key catalysts include coal pricing, production guidance, and the use of its credit facility. Despite a recent share price increase, concerns about recent losses and valuation persist, with estimates suggesting shares could be overextended by 27%. The upgrade underscores the sensitivity of Ramaco's investment narrative to coal pricing and operational execution.
Simplywall·
