Ramaco Resources gains as Jefferies raises PT on Brook Mine expansion project

** Shares of coal miner Ramaco Resources METC.O rise 21% to $31.62

** Jefferies raises price target on METC to $45 from $27, reiterates "buy" rating

** The new price target represents a ~73% upside to the stock's last close

** Co plans to upsize its Brook Mine project and increase production of rare earth metals and critical minerals

** Brokerage sees "massive value potential" from the Brook Mine project

** "The Brook Mine clearly has the potential to be a very valuable asset for Ramaco, and the potential value of this project is not fully reflected in the Ramaco share price" - Jefferies

** Up to last close, stock up ~209% YTD