Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Analyst consensus.
ACCE opinionRamaco Resources Inc. Class A Common Stock (METC)
Fair value
Not available
ACCE price target
$9.74
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $7.32 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
18
out of 100
Analysts
63% buy
8 covering
P/E
0.0x
forward 5.5x
1-year return
-79.7%
Dividend yield
0.00%
Ramaco Resources Inc. Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Ramaco Resources mines and sells metallurgical (coking) coal from its Elk Creek complex in Central Appalachia, selling most of it to steelmakers in export markets and a smaller share to domestic buyers. The case for a closer look rests on the cyclical bottom: operating margin is -12.6% and gross margin is 14.3%, so the business is currently losing money at the operating line, which makes it a bet on coking coal prices recovering rather than on any structural edge. Revenue fell 5.3% year over year, and ROE of -17.1% shows the equity base is shrinking with it. What makes it worth a look is valuation: at a forward P/E of 5.5 the market is pricing in a meaningful earnings recovery, but trailing P/E is not meaningful given the losses, so the stock only works if steel demand and met coal pricing turn. With a market cap of about $531M, a score of 22/100 and no index membership, this is a small, out-of-favour cyclical that needs a specific view on the coal and steel cycle before it earns more of our time.
⚠ Investor warnings · 5 flagsAI-assisted·How I use AI
severe
Short interest extreme
Short interest stands at 74.5% of shares outstanding, a level that signals either a broken thesis or a squeeze setup. Either way, position sizing needs to reflect the volatility this invites.
high
Free cash flow deeply negative
Free cash flow came in at -$60.8M while debt-to-equity sits at 0.97, leaving the balance sheet reliant on external funding if the burn continues.
high
Earnings collapsing
Earnings fell 89.0% year over year and operating margin is -12.6%, meaning the business is currently losing money on operations.
high
Heavy insider selling
Insiders sold $64.08M of stock across the last 10 disclosed transactions with zero buys, a one-directional signal from people with the most information.
moderate
Revenue shrinking year over year
Revenue declined 5.3% year over year, a sharp reversal from a 26.0% five-year compound growth rate, though the 19.1% quarter-over-quarter gain suggests some near-term stabilisation.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-10-19 · prices to Oct 23, 2026
Why it could do well
Analysts' mean price target of $17.14 sits 124.3% above the current share price, and 63% of covering analysts rate the stock Buy or Strong Buy.
Revenue grew 26.0% per year on average over five years, showing the business has expanded considerably over that period.
The ACCE price target of $9.74 sits 24.8% above the current price, so our own valuation also points to upside.
Why it could disappoint
Free cash flow over the last twelve months was negative at -$61M, so the business is consuming cash rather than generating it.
Revenue fell 5.3% year over year, and the net margin of -12.0% shows the company is still losing money on each dollar of sales.
The diluted share count rose 11.6% last fiscal year, diluting existing holders, while the latest earnings missed expectations by 13.0%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 26, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
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Valuation
INVESTOR
Where METC's valuation models land
Price
$7.32
Model fair valueConfidence: low
about $17.14
Model
Fair value
Upside
Analyst consensus
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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