In a report released today, Nathan Martin from Benchmark Co. maintained a Buy rating on Ramaco Resources (METC – Research Report), with a price target of $14.00.
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Nathan Martin’s rating is based on several strategic decisions and financial adjustments made by Ramaco Resources. The company has decided to reduce its full-year production and sales guidance to avoid low-priced spot sales in a weak market, which is expected to benefit their free cash flow. Additionally, Ramaco has lowered its cash cost per ton and capital expenditure targets, demonstrating a focus on cost efficiency.
Furthermore, the company is progressing with its Brook Mine rare earth project, planning to start large-scale mining soon and aiming for initial operations by 2026. Despite market challenges, Ramaco has secured fixed-price commitments for a significant portion of its 2025 sales book, providing some revenue stability. These factors, combined with the company’s ability to finance its projects independently, contribute to Martin’s Buy rating for Ramaco Resources.
According to TipRanks, Martin is a 5-star analyst with an average return of 16.3% and a 55.46% success rate. Martin covers the Basic Materials sector, focusing on stocks such as Teck Resources, Alpha Metallurgical Resources, and Ramaco Resources.
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