NasdaqGS:METCMetals and Mining
Jefferies Upgrade Puts Ramaco’s Coal And Rare Earth Story In Focus
Jefferies has upgraded Ramaco Resources (NasdaqGS:METC) from Hold to Buy.
The upgrade is linked to potential upside in metallurgical coal prices.
Jefferies also points to positive sentiment around Ramaco's Brook Mine rare earth project.
Geopolitical developments are a key part of the thesis behind the new rating.
Ramaco Resources is a producer of metallurgical coal used primarily in steelmaking. Any shift in coal pricing can quickly change how investors view the stock. The new rating from...