Ramaco Resources gains as Jefferies raises PT on Brook Mine expansion project
ReutersSep 18, 2025 4:54 PM
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
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