Ramaco Resources, Inc. (METCB) Stock Price & Analysis
Ramaco Resources, Inc. (METCB) closed at USD 3.89 on Thursday, October 22, 2026, up 2.91% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 3.78; the Oct 22, 2026 session ranged USD 3.71–4.15 on volume of 36,538 shares. Market capitalization is $247.73M, with a 52-week range of USD 3.57–16.81 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:25 UTC.
Also available as compact Markdown for AI agents: nexqual.com/METCB.md
Key facts (METCB)
- Last four reported quarters (through Jun 30, 2026): revenue $515M, net income -$61.7M (-12.0% margin), free cash flow -$114M (SEC filings).
- 1 of 80 tracked superinvestors hold METCB (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $36.5M; 5 not under a Rule 10b5-1 plan ($36.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: None.
- Total return with dividends: 1Y -73.8% vs S&P 500 +14.9%; 5Y -51.6% vs S&P 500 +80.3%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (METCB)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $283M | $566M | $694M | $666M | $537M | $515M |
| Gross profit | $88.0M | $233M | $200M | $133M | $83.2M | — |
| Operating income | $39.5M | $150M | $95.2M | $16.6M | -$56.0M | -$72.6M |
| Net income | $39.8M | $116M | $82.3M | $11.2M | -$51.4M | -$61.7M |
| EPS (diluted) | $0.85 | $2.51 | $1.73 | $0.11 | -$0.99 | — |
| Free cash flow | $23.9M | $64.9M | $78.1M | $57.4M | -$60.8M | -$114M |
| Gross margin | 31.0% | 41.1% | 28.8% | 20.0% | 15.5% | — |
| Operating margin | 13.9% | 26.6% | 13.7% | 2.5% | -10.4% | -14.1% |
| Net margin | 14.0% | 20.5% | 11.9% | 1.7% | -9.6% | -12.0% |
| Revenue growth | +67.8% | +99.6% | +22.6% | -3.9% | -19.5% | — |
| Cash + short-term investments | $21.9M | $35.6M | $42.0M | $33.0M | $440M | — |
| Total debt | $45.5M | $129M | $91.4M | $88.2M | $468M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (METCB)
P/S 0.5x · P/B 0.7x · FCF yield -46.09% · Earnings yield -24.93%
Superinvestors (SEC 13F-HR, Q2 2026) (METCB)
1 of 80 tracked investors hold METCB. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.01% | $5.2M | Added +12.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (METCB)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-06 | Discovery Capital Management, Llc / Ct | 500,000 | $4.8M | 9.4% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-05-01 | Discovery Capital Management, Llc / Ct | 200,000 | $3.0M | 3.6% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-03-24…2026-03-30 | Leidel Peter A | Director | 52,410 | $577K | 4.1% | No | Too little history (no open-market trades in 2024) |
| 2026-03-27 | Leidel Peter A | Director | 179,885 | $2.8M | 10.5% | No | Too little history (no open-market trades in 2024) |
| 2026-03-05…2026-03-26 | Leidel Peter A | Director | 1,820,115 | $25.4M | 36.7% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (METCB)
Consensus None.
Total return (dividends reinvested) (METCB)
| 1Y (from 2025-10-23) | 5Y (from 2023-06-12) | |
|---|---|---|
| Total return | -73.8% | -51.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -73.9% | -19.4% |
| Volatility (annualized) | 72.2% | 58.9% |
| Max drawdown | -76.6% (Nov 2025→Oct 2026) | -78.3% (Oct 2025→Oct 2026) |
METCB revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Export Coal Revenues | $104.4M | 72.1% | +16.9% |
| Domestic Coal Revenues | $40.4M | 27.9% | -36.5% |
| Total revenue | $144.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
METCB suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Komatsu Financial | “Komatsu Financial Limited Partnership Loan—On August 16, 2021, we entered into an equipment loan with Komatsu Financial Limited Partnership, as lender, in the principal amount of approximately $1.0 million for the” |
Quoted from the company's 10-K filed Feb 26, 2026.
Companies that name METCB in their SEC reports
| Relationship to METCB | Company | Filing | Sentence |
|---|---|---|---|
| partner | Core Natural Resources, Inc. (CNR) | 10-K Feb 17, 2026 | “The peer group, for the purposes of the information presented below, is comprised of Alliance Resource Partners LP, Alpha Metallurgical Resources, Inc., Hallador Energy Company, Peabody Energy Corporation, Ramaco Resources, Inc. and Warrior Met Coal, Inc. Our peer group was updated for 2025 to remove Arch in light of the Merger with the Company in January 2025.” |
METCB customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (15%, 10%) of revenue, per the company's 10-Q filed Aug 5, 2026. The company does not name them.
METCB company outlook (results filed Aug 4, 2026)
- “We expect third-quarter cash costs to trend toward the higher end of the full-year range on the back of continued elevated fuel costs related to the Iranian conflict. ● The Company now expects full-year 2026 capital expenditures to be $92 - $97 million versus $85 - $90 million previously.”
Quoted word-for-word from the SEC 8-K results press release.
METCB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | — | — | — | $140.7M | — |
| Next quarter (ends Dec 2026) | — | — | — | $163.6M | — |
| Current fiscal year (ends Dec 2026) | — | — | — | $574.6M | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $695.3M | — |
Key Statistics (as of October 23, 2026 at 09:25 UTC)
| Price | USD 3.89 |
|---|---|
| Change | ▲ 2.91% (up) |
| Previous Close | USD 3.78 |
| Open | USD 4.15 |
| Day Range | USD 3.71 – 4.15 |
| 52-Week Range | USD 3.57 – 16.81 |
| Volume | 36,538 shares |
| Market Cap | $247.73M |
| Exchange | NMS |
Technical Analysis (METCB)
Nexqual's technical model rates METCB "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:25 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 25.91 (oversold) |
| vs SMA50 | Below (USD 5.44) |
| MACD | -0.44 (negative) |
Analyst Ratings (METCB)
Wall Street analysts rate METCB "None", per Nexqual as of October 23, 2026 at 09:25 UTC.
| Consensus Rating | None |
|---|
Earnings (METCB)
| Revenue Estimate | $140.67M |
|---|
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financials & Fundamentals (METCB)
| Total Revenue | $515.42M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -5.30% |
| Gross Margin | +14.29% |
| Operating Margin | -12.60% |
| Profit Margin | -11.98% |
| ROE | -17.07% |
| Debt / Equity | 1.25 |
| Current Ratio | 4.23 |
| Total Cash | $282.54M |
| Total Debt | $468.42M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$114.19M (-22.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Financial Health Score (METCB)
Nexqual rates Ramaco Resources, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:25 UTC.
| Growth | Critical — Revenue -19% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Gross margin 14%, operating -13% (last 12 months) |
| Balance Sheet | Mixed — $440M cash and investments vs $468M debt (Dec 2025, SEC) |
| Cash Flow | Weak — FCF negative: -$114M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -17%, ROA -5.3% |
Ownership (METCB)
| Insider Ownership | +11.30% |
|---|---|
| Institutional Ownership | +59.51% |
| Shares Outstanding | 11.81M |
| Float | 43.74M |
| Short % of Float | +3.25% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
Leadership (METCB)
Ramaco Resources, Inc. is led by Randall W. Atkins, Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:25 UTC.
| Founder, Chairman & CEO | Randall W. Atkins |
|---|---|
| Secretary, Chief Administrative Officer & Vice-Chairman | Evan H. Jenkins |
| Executive VP & CFO | Jeremy Ryan Sussman |
| Executive VP, Chief Commercial Officer & Chief Marketing Officer | Jason T. Fannin |
| Executive Vice President of Mine Planning and Development | Christopher L. Blanchard |
Major Backers & Investors (METCB)
Notable institutional backers of Ramaco Resources, Inc. include Yorktown Energy Partners XI, L.P., First Eagle Investment Management, LLC, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:25 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Yorktown Energy Partners XI, L.P. | 29.84% |
| First Eagle Investment Management, LLC | 5.45% |
| Morgan Stanley | 2.97% |
| Simcoe Capital LLC | 1.52% |
| Discovery Capital Management, LLC | 1.15% |
| Fidelity | 0.89% |
| American Century ETF Trust-Avantis U.S. Small Cap Value ETF | 0.73% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 4.39% |
| Vanguard Group | 3.22% |
| Geode Capital | 1.46% |
Source: Nexqual, October 23, 2026 at 09:25 UTC.
From Ramaco Resources, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Partnerships
- In November 2019, plans were formally announced for the U.S. to withdraw from the Paris Agreement with an effective exit date in November 2020.
Legal & Regulatory Risks (Item 1A, quoted)
- Risks Related to Environmental, Health, Safety and Other Regulations
- The enactment of legislative and regulatory measures could adversely affect our mining operations or cost structure or our customers' ability to use coal, which could have a material adverse effect on our financial condition and results of operations.
- Laws and regulations restricting or encouraging the reduction of greenhouse gas emissions as well as uncertainty concerning such regulations and increasing public attention toward climate change could adversely impact the market for coal, increase our operating costs, and reduce the value of our coal assets and our stock price.
- Current and future laws, regulations and other legal requirements relating to protection of the environment and natural resources may increase our costs of doing business and may restrict our coal operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SXC | SunCoke Energy, Inc. | USD 9.71 | ▼ 1.82% |
| AMR | Alpha Metallurgical Resources, | USD 159.39 | ▼ 0.3% |
| HCC | Warrior Met Coal, Inc. | USD 83 | ▼ 1.44% |
| GFI | Gold Fields Limited | USD 35.14 | ▼ 4.51% |
| NTR | Nutrien Ltd. | USD 69.09 | ▲ 1.42% |
| STLD | Steel Dynamics, Inc. | USD 239.9 | ▼ 3.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:25 UTC. This page is informational and not investment advice.
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