Ramaco Resources Q2 revenue, EBITDA beat analyst estimates
METC•Analyst view and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the iron & steel peer group is "buy"
- Wall Street's median 12-month price target for Ramaco Resources Inc is $22.00, about 147.2% above its August 3 closing price of $8.90
Drivers behind the quarter
- PRODUCTION DISCIPLINE - Co said lower production was due to idling higher-cost metallurgical coal in response to weak market conditions
- LOWER CASH COSTS - Co achieved fourth consecutive quarter of sub-$100 per ton cash mine costs, citing operational discipline
- FAVORABLE LOW-VOL PRICING - Higher percentage of shipments linked to low-vol indices supported realized pricing
Full-year 2026 outlook lowered
- Ramaco Resources lowers full-year 2026 production guidance to 3.6–3.9 mln tons from 3.7–4.1 mln
- Company reduces full-year 2026 sales guidance to 4.0–4.3 mln tons from 4.1–4.5 mln
- Ramaco maintains midpoint of full-year 2026 cash cost per ton sold guidance at $96–$99
