Ramaco Resources initiated with a Buy at Lucid Capital

Lucid Capital analyst Alex Fuhrman initiated coverage of Ramaco Resources (METC) with a Buy rating and $50 price target Ramaco Resources has the right assets at the right time and is on the verge of a significant inflection, the analyst tells investors in a research note. New discoveries at Ramaco’s Brook Mine in Wyoming have the company poised to become a meaningful supplier of rare earths and critical metals, with the potential have the world’s only primary source mine for scandium, gallium, and germanium, the firm argues. Lucid sees significant upside to the stock even after being up 243% year to date.