Ramaco Resources' Valuation: A Shift from Metallurgical Coal to Critical Minerals Strategy

Ramaco Resources (METC) is shifting its focus from traditional metallurgical coal to critical minerals and Brook Mine development, which could diversify its profile. The company's share price has swung from a 1-month return of -43% to a year-to-date return of 48%, with a 5-year total shareholder return of over 500%. Its valuation is seen as undervalued, with a narrative fair value of $39.14 and a price-to-sales ratio of 1.8x, which is in line with the US metals and mining industry.