METCB
EnergyRamaco Resources, Inc. · Coal · $860M
What is Ramaco Resources, Inc.?
Ramaco Resources is a small-cap metallurgical coal producer focused on supplying blast furnace steel mills and coke plants. The company operates across several Appalachian properties in West Virginia, Virginia, and Pennsylvania, and sells to both domestic and international customers.
Ramaco Resources mines and sells metallurgical coal — the grade of coal used to produce steel, not to generate electricity. Revenue comes from selling coal to blast furnace steel mills and coke plants in the United States and abroad. Its development portfolio spans multiple properties in the Appalachian coalfields, including Elk Creek, Berwind, Knox Creek, and the RAM Mine. The company's fortunes are closely tied to global steel demand and metallurgical coal pricing cycles.
Ramaco Resources was founded in 2015 and is headquartered in Lexington, Kentucky.
- Metallurgical coal production and sales
- Elk Creek project development in southern West Virginia
- Berwind property on the West Virginia-Virginia border
- Knox Creek property in Virginia
- RAM Mine operations in southwestern Pennsylvania
Is METCB a Good Stock to Buy?
UQS Score rates METCB as Poor overall, placing it in the lowest tier of our composite ranking.
The standout element in Ramaco's profile is its Risk pillar, which rates Strong — suggesting the balance sheet and financial risk profile are relatively well-managed for a commodity producer of this size. Growth comes in at Neutral, meaning the company is neither a clear growth story nor in visible decline.
Both the Quality and Moat pillars rate Weak, reflecting the commodity nature of metallurgical coal and limited pricing power. The Valuation pillar rates Elevated, indicating the current market price may not offer a margin of safety relative to fundamentals.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does METCB pay dividends?
Yes — Ramaco Resources, Inc. pays a dividend.
Ramaco Resources does pay a regular dividend, which is notable for a small-cap commodity producer. Dividends in cyclical industries like metallurgical coal can fluctuate with earnings, so income-focused investors should monitor payout sustainability across coal price cycles. The dividend may appeal to investors seeking some income alongside commodity exposure.
When does METCB report earnings?
Ramaco Resources reports earnings on a quarterly cadence, typical for US-listed equities.
Results for metallurgical coal producers tend to swing with global steel demand and spot coal prices. Ramaco's Growth pillar sits at Neutral, suggesting recent performance has been neither strongly positive nor sharply deteriorating. Commodity price volatility remains the dominant driver of quarter-to-quarter outcomes.
For the most recent quarter's results and guidance, visit Ramaco Resources' investor relations page directly.
METCB Price History
+33.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ramaco Resources, Inc.?
Based on Ramaco Resources, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
METCB Long-term Outlook
The fundamental outlook for Ramaco is shaped by two competing forces: a relatively strong Risk profile that suggests financial resilience, and Weak Quality and Moat scores that limit confidence in durable earnings power. With Valuation rated Elevated, the stock appears to be pricing in an optimistic scenario. Growth sitting at Neutral means the near-term trajectory is uncertain rather than clearly positive or negative.
Growth drivers
- Global steel production demand supporting metallurgical coal consumption
- Ongoing development of Appalachian coal properties expanding production capacity
- International export opportunities to steel-producing markets
Key risks
- Commodity price cycles creating significant earnings volatility
- Elevated valuation leaving limited buffer if coal prices soften
- Weak competitive moat in a largely undifferentiated commodity market
METCB vs Peers
Ramaco Resources competes in the metallurgical and thermal coal space alongside several other energy-sector producers.
METC is the companion share class to METCB, representing the same underlying business with different voting or economic structures.
Hallador operates primarily in thermal coal and has been diversifying into power generation, giving it a different demand profile than Ramaco's steel-focused metallurgical coal.
Natural Resource Partners operates as a royalty and mineral rights partnership across coal and other natural resources, offering a different business model and income structure than Ramaco's direct mining operations.
Frequently Asked Questions
What does Ramaco Resources do?
Ramaco Resources mines and sells metallurgical coal — the type used in blast furnaces to make steel, not for power generation. It operates properties across West Virginia, Virginia, and Pennsylvania, selling to steel mills and coke plants in the US and internationally.
Does METCB pay dividends?
Yes, Ramaco Resources pays a regular dividend. For a small-cap commodity producer, this is relatively uncommon. Investors should be aware that dividend levels in cyclical industries can change with coal prices and company earnings.
When does METCB report earnings?
Ramaco Resources follows a standard quarterly earnings cadence. For exact dates and the most recent results, check the company's investor relations page, as our data source does not provide specific upcoming earnings dates.
Is METCB a good stock to buy?
UQS Score rates METCB as Poor overall. The Risk pillar is Strong, but both Quality and Moat rate Weak, and Valuation is Elevated. That combination suggests limited fundamental support at the current price. The full pillar breakdown is available to Pro members.
Is METCB overvalued?
The UQS Valuation pillar for METCB rates Elevated, which indicates the stock may be priced above what the underlying fundamentals comfortably support. This is particularly notable given the Weak Quality and Moat scores. Pro members can view the detailed valuation metrics.
How does METCB compare to its competitors?
Ramaco competes with other coal and natural resource companies including Hallador Energy and Natural Resource Partners. Each has a different business model — Hallador leans toward thermal coal and power, while NRP operates as a royalty partnership. Ramaco is more narrowly focused on metallurgical coal for steel production.
What is METCB's market cap bracket?
METCB is classified as a small-cap stock. This means it carries higher liquidity risk and greater price volatility compared to large- or mega-cap peers, which is typical for niche commodity producers in the Appalachian coal sector.
Who founded Ramaco Resources?
Ramaco Resources was founded in 2015. For details on the founding team and corporate history, the company's official website and SEC filings are the most reliable sources.
Is METCB a long-term quality investment?
From a long-term quality perspective, METCB's Weak Moat and Weak Quality pillar scores are cautionary signals. A durable long-term holding typically benefits from competitive advantages and consistent earnings quality — both of which are limited here based on the UQS framework.
What sector does METCB belong to?
METCB operates in the Energy sector, specifically within metallurgical coal production. Its revenues are tied to global steel demand rather than electricity generation, which distinguishes it from thermal coal or oil-and-gas peers.
What is the main competitive advantage of Ramaco Resources?
Ramaco's UQS Moat pillar rates Weak, reflecting the commodity nature of metallurgical coal where pricing power is largely determined by global markets rather than brand or technology. Its relative strength lies in its financial risk management rather than a structural competitive advantage.
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Pro Analysis
METCB — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Apr 22, 2026 | 21.8 | 0.5 | 10.0 | 34.1 | 82.4 | 0.0 | -1.2 |
| Apr 2, 2026 | 23.0 | 0.6 | 10.0 | 40.2 | 82.4 | 0.0 | — |
METCB — Pillar Breakdown
Quality
— 0.5/100 (25%)Ramaco Resources, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 34.1/100 (20%)Ramaco Resources, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 82.4/100 (15%)Ramaco Resources, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 0.0/100 (15%)Ramaco Resources, Inc. appears expensively valued relative to its fundamentals and growth prospects.
Enterprise value multiple relative to sector median.
Moat
— 10/100 (25%)Ramaco Resources, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for METCB.
Score Composition
Financial Data
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How is the METCB UQS Score Calculated?
The UQS (Unified Quality Score) for Ramaco Resources, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ramaco Resources, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ramaco Resources, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.