Ramaco Resources, Inc. operates, develops, and sells metallurgical coal. Its development portfolio includes the Elk Creek project located in southern West Virginia; the Berwind property situated on the border of West Virginia and Virginia; the Knox Creek property is located in Virginia; and the RAM Mine property situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.

Ramaco Resources, Inc.

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.42%. March E-mini S&P futures (ESH26) are up +0.20%, and March E-mini Nasdaq futures (NQH26) are up +0.34%.
Stock indexes are moving higher today as chip makers and AI-infrastructure stocks rebound from last Friday’s losses to lift the broader market higher. Also, US rare-earth stocks are climbing today as President Trump is set to launch a strategic stockpile of critical minerals with $12 billion in seed money to lower reliance on China.
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The partial shutdown of the US government for a third day today has dampened investor sentiment as markets await the House's approval of a funding deal President Trump worked out with Democrats. The funding lapse may be short-lived, however, with the House returning from a week-long break today and possibly voting on the spending bill later today or tomorrow.
Energy producers are under pressure today, with WTI crude oil sinking by more than 4% as geopolitical risks ease after President Trump said the US is talking to Iran, and Iran’s foreign ministry said it hopes diplomatic efforts will avert a war.
Cryptocurrency stocks are retreating today with Bitcoin (^BTCUSD) down more than -7% to a 9.75-month low. According to Coinglass, nearly $590 million in long Bitcoin positions were liquidated over the weekend.
Signs of weakness in China’s economy are bearish for global growth prospects and stocks. The Shanghai Composite Stock Index fell more than -2% today to a 4-week low after the China Jan manufacturing PMI unexpectedly fell -0.8 to 49.3, weaker than expectations of no change at 50.1. Also, the Jan non-manufacturing PMI unexpectedly fell -0.8 to 49.4, weaker than expectations of an increase to 50.3 and the steepest pace of contraction in three years.
The markets this week will focus on tariff news, earnings, and economic news. Later today, the Jan ISM manufacturing index is expected to climb by +0.6 to 48.5. On Tuesday, the Dec JOLTS job openings are expected to increase by +104,000 to 7.250 million. On Wednesday, the Jan ADP employment change is expected to increase by +45,000. Also, the Jan ISM services index is expected to fall by -0.3 to 53.5. On Thursday, weekly initial unemployment claims are expected to increase by +3,000 to 212,000. On Friday, Jan nonfarm payrolls are expected to climb by +65,000 and the Jan unemployment rate is expected to remain unchanged at 4.4%. Also, Jan average hourly earnings are expected up +0.3% m/m and +3.6% y/y. Finally, the University of Michigan Jan consumer sentiment index is expected to fall -1.5 to 54.9.
Q4 earnings season is in full swing, with 150 of the S&P 500 companies scheduled to report earnings this week. Earnings have been a positive factor for stocks, with 78% of the 167 S&P 500 companies that have reported beating expectations. According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4. Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.
The markets are discounting a 13% chance for a -25 bp rate cut at the next policy meeting on March 17-18.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up by +0.35%. China’s Shanghai Composite fell to a 4-week low and closed down -2.48%. Japan’s Nikkei Stock 225 fell from a 2.5-week high and closed down -1.25%.
Interest Rates
March 10-year T-notes (ZNH6) today are down by -2 ticks. The 10-year T-note yield is up +1.2 bp to 4.248%. T-notes are slightly lower today on negative carryover from last Friday when President Trump nominated Keven Warsh as the next Fed Chair. Mr. Warsh is seen as more hawkish than other Fed Chair candidates and often emphasized inflation risks during his tenure as a Fed Governor from 2006-2011. Losses in T-notes are limited as today’s -4% plunge in crude oil prices has weakened inflation expectations and is bullish for T-notes.
European government bond yields are mixed today. The 10-year German bund yield is up +0.7 bp to 2.850%. The 10-year UK gilt yield is down -2.4 bp to 4.498%.
The Eurozone Jan S&P manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4.
German Dec retail sales rose +0.1% m/m, right on expectations, and Nov retail sales were revised upward by +0.1 to -0.5% m/m from the previously reported -0.6% m/m.
Swaps are discounting a 1% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.
US Stock Movers
Chip makers and AI infrastructure stocks are rebounding today, lifting the overall market. Sandisk (SNDK) is up more than +7% to lead gainers in the S&P 500 after CTBC Securities Investment Service Co Ltd initiated coverage on the stock with a buy recommendation and a price target of $660. Also, Western Digital (WDC), Seagate Technology Holdings Plc (STX), and Advanced Micro Devices (AMD) are up more th +3%. In addition, Intel (INTC) and Lam Research (LRCX) are up more than +2%.
US rare-earth stocks are climbing today as President Trump is set to launch a strategic stockpile of critical minerals with $12 billion in seed money to lower reliance on China. As a result, USA Rare Earth (USAR) is up more than +9%, and United States Antimony Corp (UAMY) is up more than +8%. Also, MP Materials (MP) and Critical Metals Corp (CRML) are up more than +4%. In addition, Ramaco Resources (METC) is up more than +1%.
Energy producers and energy service companies are retreating today with WTI crude oil down more than -5%. ConocoPhillips (COP), Diamondback Energy (FANG), Occidental Petroleum (OXY), APA Corp (APA), and Chevron (CVX) are down more than -2%. Also, Exxon Mobil (XOM), Halliburton (HAL), Phillips 66 (PSX), and Valero Energy (VLO) are down more than -1%.
Cryptocurrency-exposed stocks are selling off today, with Bitcoin plunging more than -7% to a 9.75-month low. Strategy (MSTR), MARA Holdings (MARA), and Galaxy Digital Holdings (GLXY) are down more than -3%. Also, Coinbase (COIN) is down more than -2%. Riot Platforms (RIOT) is bucking the trend and is up +0.39%.
Palantir Technologies (PLTR) is up more than +3% after William Blair upgraded the stock to outperform from market perform.
Oracle (ORCL) is up more than +3% after stating it plans to raise $45 billion to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity.
Autodesk (ADSK) is up more than +2% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $319.
Walt Disney (DIS) is down more than -6% to lead losers in the Dow Jones Industrials after several analysts said the company’s quarterly outlook for Q2 was disappointing.
IDEXX Laboratories (IDXX) is down more than -3% after reporting Q4 gross margin of 60.3%, below the consensus of 61%.
Humana (HUM) is down more than -2% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $174.
Earnings Reports(2/2/2026)
Aptiv PLC (APTV), DaVita Inc (DVA), Healthpeak Properties Inc (DOC), IDEXX Laboratories Inc (IDXX), NXP Semiconductors NV (NXPI), Palantir Technologies Inc (PLTR), Revvity Inc (RVTY), Simon Property Group Inc (SPG), Teradyne Inc (TER), Tyson Foods Inc (TSN), Walt Disney Co/The (DIS).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Indexes Climb as Chip Makers and AI Infrastructure Stocks Rebound

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ramaco Resources Inc (Symbol: METC), where a total of 12,608 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 40.9% of METC's average daily trading volume over the past month of 3.1 million shares. Especially high volume was seen for the $30 strike put option expiring January 15, 2027, with 2,318 contracts trading so far today, representing approximately 231,800 underlying shares of METC. Below is a chart showing METC's trailing twelve month trading history, with the $30 strike highlighted in orange:
Zscaler Inc (Symbol: ZS) options are showing a volume of 5,921 contracts thus far today. That number of contracts represents approximately 592,100 underlying shares, working out to a sizeable 40.8% of ZS's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $215 strike call option expiring January 30, 2026, with 326 contracts trading so far today, representing approximately 32,600 underlying shares of ZS. Below is a chart showing ZS's trailing twelve month trading history, with the $215 strike highlighted in orange:
And Avantor Inc (Symbol: AVTR) saw options trading volume of 40,608 contracts, representing approximately 4.1 million underlying shares or approximately 40.6% of AVTR's average daily trading volume over the past month, of 10.0 million shares. Especially high volume was seen for the $9 strike put option expiring February 20, 2026, with 40,576 contracts trading so far today, representing approximately 4.1 million underlying shares of AVTR. Below is a chart showing AVTR's trailing twelve month trading history, with the $9 strike highlighted in orange:
For the various different available expirations for METC options, ZS options, or AVTR options, visit StockOptionsChannel.com.
Also see:
Institutional Holders of ABEV
Top Ten Hedge Funds Holding SMWB
Institutional Holders of NFTG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Monday Option Activity: METC, ZS, AVTR

In trading on Monday, the Global X Copper Miners ETF is outperforming other ETFs, up about 4.6% on the day. Components of that ETF showing particular strength include shares of Northern Dynasty Minerals, up about 20.4% and shares of Taseko Mines, up about 4.4% on the day.
And underperforming other ETFs today is the SPDR S&P Metals & Mining ETF, off about 2.2% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Ramaco Resources, lower by about 19.9%, and shares of United States Antimony, lower by about 12.6% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Monday's ETF Movers: COPX, XME

For Immediate Release
Chicago, IL – January 7, 2026 – Today, Zacks Equity Research discussesWarrior Met Coal HCC, Peabody Energy Corp. BTU and Ramaco Resources METC.
Industry: Coal
Link: https://www.zacks.com/commentary/2812626/3-coal-stocks-to-watch-as-the-industry-battles-multiple-challenges
The Zacks Coal industry is facing multiple headwinds as the use of coal in U.S. thermal power plants continues to decline. Per the U.S. Energy Information Administration (“EIA”), in 2026, demand for coal is projected to decline as usage of renewable sources increases for electricity generation. In addition, given the ongoing energy transition, marked by utility operators systematically phasing out coal assets, coal demand is expected to drop in 2026.
Per EIA, coal export volumes are expected to improve in 2026, due to an increase in metallurgical coal export volumes. Despite a drop in coal production in 2026, Warrior Met Coal, Peabody Energy Corp. and Ramaco Resources, with high-quality met coal production volumes, are expected to gain during this challenging phase.
About the Industry
The Zacks Coal industry consists of companies engaged in the exploration and mining of coal, which is extracted through either open-cast or underground methods. Valued for its high energy content, coal remains a key resource globally for electricity generation and the production of steel and cement.
Per the EIA finding, the United States has an estimated 252 billion short tons of recoverable coal reserves, with roughly 58% classified as underground mineable. At current production levels, these reserves are expected to last for many decades.
Notably, five U.S. states account for about 70% of annual coal production and 60% of coal extracted from surface mines. However, the EIA projects that coal demand will continue to decline as renewable energy adoption accelerates and coal-fired power plants are gradually retired, posing long-term challenges for the industry.
3 Trends Likely to Impact the Coal Industry
Despite Reliability, the Emission Policy to Hurt the Coal Industry: Coal remains a dependable energy source, capable of providing around-the-clock electricity from generation units. However, rising environmental concerns are leading to a steady decline in its use for power generation. The United States’ Sustainability Plan targets a transition to 100% carbon pollution-free electricity by 2030 and net-zero emissions by 2050. This shift is being accelerated by the increasing adoption of natural gas and renewable energy sources like solar and wind.
Natural gas has become more cost-efficient due to advancements in fracking technology, while renewables have gained traction thanks to falling production costs and supportive government initiatives. According to the EIA, coal’s share in U.S. electricity generation is expected to decline in 2026 from 2025 levels. Without substantial investment in pollution-control technologies for coal-fired power plants, domestic coal usage is likely to keep falling due to the retirement of coal-fired capacity.
U.S. Coal Production: Per EIA’s projection, coal production in the United States is expected to be 520 million short tons (MMst) in 2026, down from the 2024 volume of 531 MMst, due to lower usage of coal in power generation and higher usage of renewable sources. The utilities have also built large coal inventories in 2025, which is also reducing coal demand, ultimately having an adverse impact on production. Coal’s share in the U.S. electric generation is expected to drop 100 basis points in 2026 to touch 16%.
Coal Industry to Experience Marginal Increase in Exports: U.S. coal companies are likely to gain from 1% increase in export volumes in 2026 compared with 2025, per the projection provided by EIA. The improvement in export volumes was driven by an 8% increase in metallurgical shipments, aided by the longwall expansion at Alabama’s Blue Creek mine and the reopening of the Leer South and Longview mines in West Virginia.
Zacks Industry Rank Indicates Weak Prospects
The Zacks Coal industry is a seven-stock group within the broader Zacks Oil and Energy sector. The industry currently carries a Zacks Industry Rank #235, which places it in the bottom 4% of 244 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates lackluster performance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry’s position in the bottom 4% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts have lost confidence in this group’s earnings growth potential. Since December 2024, the coal industry’s earnings estimates for 2026 have declined 26% to $3.31 per share.
Before we present a few coal stocks that you may want to keep track of, let’s take a look at the industry’s recent stock market performance and valuation.
Coal Industry Outperforms the S&P 500 and the Sector
The Zacks Coal industry has outperformed the Zacks Oil and Gas sector and the Zacks S&P 500 composite over the past year.
The stocks in the coal industry have gained 28.8% compared with the Zacks Oil-Energy sector’s rally of 8.9%. The Zacks S&P 500 composite has gained 19.7% in the same time frame.
Coal Industry's Current Valuation
Since coal companies have a lot of debt on their balance sheet, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.
The industry is currently trading at a trailing 12-month EV/EBITDA of 9.58X compared with the Zacks S&P 500 composite’s 18.8X and the sector’s 5.52X.
In the past five years, the coal industry has traded as high as 11.05X and as low as 1.82X, with the median being 4.32X.
3 Coal Stocks to Keep a Close Watch On
Warrior Met Coal, Inc.: Brookwood, AL-based Warrior Met produces and exports premium quality metallurgical coal for the steel industry. The company is a low-cost producer and operates highly efficient longwall operations in its underground mines in Alabama. The premium nature of Warrior’s steel-making coal makes it ideally suited as a base feed coal for steelmakers across the globe.
The Zacks Consensus Estimate for its 2026 earnings per share has gone up 854.5% year-over-year. The current dividend yield of the company is 0.36%. Warrior currently has a Zacks Rank of 3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Peabody Energy Corp.: St Louis, MO-based Peabody Energy engages in the coal mining business and has thermal and metallurgical operations. It has the flexibility to increase volumes should demand warrant. The company has a few coal supply agreements (excluding trading and brokerage transactions) expiring at various periods, assuring a steady flow of revenues.
The Zacks Consensus Estimate for Peabody Energy’s 2026 earnings per share has gone up 909.3% year over year. The current dividend yield of the company is 0.98%. Peabody Energy currently has a Zacks Rank #3.
Ramaco Resources, Inc.: Lexington, KY-based Ramaco Resources is the developer of high-quality, low-cost metallurgical coal and poised to benefit from improving metallurgical coal demand. The company is developing a world-class deposit of rare earth elements at the fully permitted Brook Mine. The global metallurgical coal market has expanded steadily in recent years and is expected to continue growing, supported by industrialization in emerging economies and increasing urbanization worldwide, which will create more demand for Ramaco Resources’ met coal.
The Zacks Consensus Estimate for 2026 earnings per share indicates year-over-year growth of 136.45%. The current dividend yield of the company is 1.1%. Ramaco Resources currently has a Zacks Rank #3.
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Industry Outlook Highlights Warrior Met, Peabody Energy and Ramaco

Key Points
Connecticut-based Discovery Capital Management increased its position in Ramaco Resources by 4.18 million shares in the third quarter.
The overall position increased in value by about $164.67 million.
As of September 30, Discovery Capital held 5.53 million shares of Ramaco valued at $182.21 million, making it the fund's largest holding.
On November 14, Connecticut-based Discovery Capital Management disclosed a significant buy in Ramaco Resources (NASDAQ:METC), increasing its stake by 4.18 million shares and seeing the overall position climb by about $164.67 million in value.
What Happened
According to an SEC filing dated November 14, Connecticut-based Discovery Capital Management added 4.18 million shares of Ramaco Resources during the third quarter. The fund’s stake rose to 5.53 million shares with a quarter-end market value of $182.21 million, reflecting a $164.67 million increase from the prior period.
What Else to Know
Ramaco Resources now accounts for about 10% of Discovery’s reportable U.S. equity AUM, making it the fund’s largest holding.
Top holdings after the filing:
NASDAQ: METC: $182.21 million (10% of AUM)
NASDAQ: IREN: $157.95 million (9% of AUM)
NASDAQ: ORBS: $131.61 million (7% of AUM)
NYSEMKT: GDLC: $101.19 million (6% of AUM)
NYSE: AMX: $98.31 million (5% of AUM)
As of Thursday, METC shares were priced at $18.00, up 78% over the past year and well outperforming the S&P 500, which is up about 16% in the same period.
Company Overview
Price (as of Thursday)
$18.00
Market Capitalization
$1.19 billion
Revenue (TTM)
$579.50 million
Dividend Yield
2%
Company Snapshot
Ramaco Resources produces and sells metallurgical coal, with key assets including the Elk Creek, Berwind, Knox Creek, and RAM Mine properties.
The company generates revenue through the extraction and sale of metallurgical coal to domestic and international steel producers and coke plants.
It serves blast furnace steel mills and coke plants in the United States and international metallurgical coal consumers.
Ramaco Resources is a leading U.S. metallurgical coal producer with a diversified portfolio of mining assets across West Virginia, Virginia, and Pennsylvania. The company leverages significant controlled mineral reserves to supply high-quality coal to the steel industry, supporting both domestic and global demand. Its strategic focus on metallurgical coal positions it as a key supplier to steel mills and coke plants, providing a competitive edge through resource scale and market reach.
Foolish Take
For Discovery, Ramaco Resources to be its top holding signals a willingness to lean into cyclicality precisely when most investors are backing away from it. Operationally, the company is navigating a weak backdrop with discipline. Third-quarter revenue fell a steep 28% drop to $121 million year over year as pricing softened, yet cash costs declined to $97 per ton. Adjusted EBITDA came in at $8.4 million despite lower realized prices, while liquidity climbed to a record $272 million, including more than $77 million in net cash. That balance sheet strength matters when coal markets are volatile, and capital is scarce.
What differentiates Ramaco from a typical coal exposure is what sits alongside the core business. Management is actively transitioning toward a dual-platform model that includes rare earth and critical minerals development at the Brook Mine in Wyoming, a project backed by federal interest and early-stage infrastructure investment. It’s not a typical play, but it introduces optionality that pure-play coal peers lack.
Glossary
13F: A quarterly SEC filing required from institutional investment managers to disclose their U.S. equity holdings.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
Metallurgical coal: A type of coal used primarily in steel production, not for electricity generation.
Dividend yield: Annual dividend payments as a percentage of the stock's current price.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Position change: The increase or decrease in the number or value of shares held in a particular investment.
Reportable assets: Investments that must be disclosed in regulatory filings, such as those required by the SEC.
Stake: The total number of shares or ownership percentage an investor holds in a company.
Quarter-end: The last day of a financial quarter, used as a reference point for reporting financial data.
Market reach: The extent of a company's ability to sell its products or services to customers in various markets.
Controlled mineral reserves: Mineral resources owned or managed by a company, available for future extraction and sale.
Blast furnace: An industrial facility where iron ore is converted into steel, often using metallurgical coal as a key input.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Liberty Broadband. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why One Fund Made Ramaco Resources a $182 Million Bet Amid a Staggering Stock Surge

Key Points
It just announced a shareholder-pleasing measure.
It's authorized to spend up to $100 million on this.
Coal company Ramaco Resources (NASDAQ: METC) was trading more like a beloved precious metal on Tuesday. That morning, the company announced a sizable stock buyback program, and investors celebrated the news by pushing its share price up by almost 9%. That was well higher than the 0.5% increase of the benchmark S&P 500 index.
No coal in this stocking
Ramaco's board of directors has authorized a new repurchase initiative, under which the company can buy up to $100 million worth of its Class A common stock over the next two years.
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In the press release trumpeting the program, Ramaco implied that its current financial situation was sturdy enough for the move. It quoted CEO Randall Atkins as saying that "With the closing of Ramaco's previously announced $600 plus million (before fees) in capital raises in the second half of 2025, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns.
"The share repurchase program highlights our confidence in our continued operational performance as well as financial strength," he added.
Rare potential
Since it specializes in metallurgical coal, Ramaco (and its peers) are essentially plays on the steel industry. As long as demand for steel is fairly robust, the industry should do well, all things being equal.
Though steel is on something of an upswing these days, I don't think it's exciting enough on its own to warrant a buy for Ramaco. Yet the company is an active developer of valuable rare-earth elements; in fact, it owns a rare-earth mine in Wyoming. If anything, I'd put money on Ramaco stock because of the high potential of such materials.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Ramaco Resources Trounced the Market Today

Key Points
Austin-based Beck Capital Management added 151,835 shares of METC in the third quarter.
The value of the position increased by about $5 million from the previous period.
This marked a new holding for Beck Capital, which did not report holding METC shares in the previous period.
On November 14, Austin-based Beck Capital Management disclosed a new position in Ramaco Resources (NASDAQ:METC), acquiring 151,835 shares valued at approximately $5 million, according to its latest SEC filing.
What Happened
According to a filing with the Securities and Exchange Commission dated November 14, Beck Capital Management disclosed a new stake in Ramaco Resources (NASDAQ:METC). The fund purchased 151,835 shares during the third quarter, reporting a position valued at $5 million as of September 30. This acquisition accounts for 1.2% of the fund’s $433.8 million in U.S. equity holdings.
What Else to Know
Top holdings after the filing:
NASDAQ: NVDA: $32.3 million (7.5% of AUM)
NASDAQ: META: $16.1 million (3.7% of AUM)
NASDAQ: AVGO: $14.5 million (3.4% of AUM)
NASDAQ: MSFT: $14.5 million (3.4% of AUM)
NYSE: VRT: $11.6 million (2.7% of AUM)
As of Thursday, shares of Ramaco Resources were priced at $14.41, up 34% over the past year and outperforming the S&P 500, which is up 15% in the same period.
Company Overview
Revenue (TTM)
$579.5 million
Net Income (TTM)
($32.9 million)
Dividend Yield
2%
Price (as of Thursday)
$14.41
Company Snapshot
Ramaco Resources operates a portfolio of mining assets across key Appalachian regions, supplying metallurgical coal to major steel producers in the U.S. and abroad. The company produces and sells metallurgical coal, with operations spanning multiple mining properties in West Virginia, Virginia, and Pennsylvania. It generates revenue primarily through the extraction and sale of coal to domestic and international steel producers, and coke plants -- serving blast furnace steel mills and coke plants in the United States, as well as global metallurgical coal consumers.
Foolish Take
What matters most for long-term investors here is not the stock’s violent swing, but whether the underlying business is becoming more durable at the bottom of the cycle. This move reflects a willingness to look past near-term price action and focus on balance sheet strength and optionality.
Ramaco’s third-quarter results show why that matters. Despite weak metallurgical coal pricing, the company ended September with record liquidity of $272 million and a net cash position of more than $77 million, its strongest balance sheet on record. Cash costs remained firmly in the first quartile of the U.S. cost curve at $97 per ton, and adjusted EBITDA came in positive at $8.4 million even as benchmark coal prices declined.
More importantly, Ramaco is no longer just a coal story. Management is accelerating development of its Brook Mine in Wyoming, where it plans to produce roughly 3,400 tons per year of rare earth and critical mineral oxides, a 175% increase from prior expectations. That transition is backed by capital, not leverage, which lowers execution risk relative to smaller resource peers. In portfolio context, this position is modest at about 1.2% of assets, far smaller than core mega-cap technology holdings. That suggests a measured, asymmetric bet rather than a speculative swing. For patient investors, the volatility may be the price of accessing a business with both cyclical recovery upside and a credible path into strategic minerals.
Glossary
13F reportable assets: The U.S. equity holdings that investment managers must disclose quarterly to the SEC on Form 13F.
Assets under management (AUM): The total market value of investments that a fund or firm manages on behalf of clients.
Stake: The ownership interest or share that an investor holds in a company.
Dividend yield: A financial ratio showing how much a company pays in dividends each year relative to its share price.
Metallurgical coal: A type of coal used primarily in steel production, not for electricity generation.
Blast furnace steel mills: Industrial facilities that use blast furnaces to convert iron ore into steel, often requiring metallurgical coal.
Coke plants: Facilities that process coal into coke, a fuel and reactant used in steelmaking.
Outperforming: Achieving a higher return or growth rate compared to a benchmark or index.
Position: The amount of a particular security or asset held by an investor or fund.
Filing: An official document submitted to a regulatory authority, often disclosing financial or ownership information.
TTM: The 12-month period ending with the most recent quarterly report.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Up 400%, Down 70%: Why a $5 Million Bet on Ramaco Resources Signals Long-Term Conviction

In recent trading, shares of Ramaco Resources Inc (Symbol: METC) have crossed above the average analyst 12-month target price of $46.40, changing hands for $47.16/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 5 different analyst targets within the Zacks coverage universe contributing to that average for Ramaco Resources Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $24.00. And then on the other side of the spectrum one analyst has a target as high as $63.00. The standard deviation is $14.188.
But the whole reason to look at the average METC price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with METC crossing above that average target price of $46.40/share, investors in METC have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $46.40 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Ramaco Resources Inc:
»
Current
1 Month Ago
2 Month Ago
3 Month Ago
Strong buy ratings:
5
3
3
3
Buy ratings:
0
0
0
0
Hold ratings:
0
1
0
0
Sell ratings:
0
0
0
0
Strong sell ratings:
1
0
1
1
Average rating:
1.67
1.5
2.0
2.0
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on METC — FREE.
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ramaco Resources Reaches Analyst Target Price

The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.56%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.18%. December E-mini S&P futures (ESZ25) rose +1.47%, and December E-mini Nasdaq futures (NQZ25) rose +2.12%.
Stock indexes rose sharply on Monday as they recovered some of their losses from last Friday's plunge. Asset markets rebounded on Monday after the Trump administration softened its rhetoric toward China. Chipmakers and AI infrastructure stocks also rallied on Monday, with Broadcom jumping more than 9% after OpenAI signed a multi-year agreement with the company to collaborate on custom chips and networking equipment, which could add 10 gigawatts' worth of AI data center capacity.
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There was no trading in cash Treasuries on Monday due to the Columbus Day holiday. The price of gold surged by more than 3% on Monday to a new all-time high, driven by central bank buying, expectations for additional Fed rate cuts, and safe-haven demand stemming from the US government shutdown, threats to the Fed's independence, global trade tensions, and geopolitical risks.
Dovish comments on Monday from Philadelphia Fed President Anna Paulson were supportive for stocks, as she said she favors two more quarter-point interest rate cuts this year, given that she doesn't see conditions that would turn tariff-induced price increases into sustained inflation.
The Trump administration signaled openness on Sunday to a trade deal with China in an attempt to ease trade tensions. Stocks plunged last Friday after President Trump threatened 100% tariffs on Chinese goods and restrictions on US software exports, effective November 1, in retaliation for China's sweeping new curbs on exports of rare-earth materials and related technology.
Trade news from China was better than expected, a positive sign for global economic growth and a bullish factor for the stock market. China Sep exports rose +8.3% y/y, stronger than expectations of +6.6% y/y and the biggest increase in six months. Also, Sep imports rose +6.4% y/y, stronger than expectations of +1.8% y/y and the largest increase in 17 months.
Most stock indexes rallied to record highs last week on optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits. Stocks are also underpinned by hopes that a resilient US economy and additional Fed easing will continue to support the economy.
The shutdown of the US government continues, weighing on market sentiment and delaying key economic reports. The government shutdown means delays in the release of government reports, including the last two weeks of weekly initial unemployment claims, the Aug US trade report, and the Sep nonfarm payrolls report. Last Friday, the Bureau of Labor Statistics (BLS) said that it will release the September consumer price report on October 24 if the government shutdown continues into Wednesday, when the Sep CPI report is scheduled for release. The White House has warned that if the government shutdown lingered, it would trigger widespread dismissals of employees in government programs that don't align with President Trump's priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
The markets this week will focus on trade or tariff news and any attempts to reopen the government. On Tuesday, Fed Chair Powell delivers the keynote address at the NABE Annual Meeting. Also on Tuesday, major banks, including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo & Co., will begin releasing their earnings results as the Q3 earnings season begins.
Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts' expectations, the highest in a year. However, Q3 profits are expected to have risen by +7.2%, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% from 6.4% in Q2.
The markets are pricing in a 98% chance of a -25 bp rate cut at the next FOMC meeting on Oct 28-29.
Overseas stock markets on Monday settled mixed. The Euro Stoxx 50 closed up +0.67%. China's Shanghai Composite fell to a 2.5-week low and closed down -0.19%. Japan's Nikkei Stock 225 did not trade as markets in Japan are closed for the Health-Sports Day holiday.
Interest Rates
December 10-year T-notes (ZNZ5) on Monday closed up +0.5 of a tick. Cash 10-year T-notes did not trade on Monday, with the Treasury market closed for the Columbus Day holiday. Dec -T-notes were little changed on Monday and found support on dovish comments from Philadelphia Fed President Anna Paulson, who said she favors two more quarter-point interest rate cuts this year. T-notes also have support amid concerns about the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates. Gains in T-notes were limited after stocks rebounded sharply, which curbed safe-haven demand for government debt securities.
European government bond yields moved lower on Monday. The 10-year German bund yield dropped to a 2-month low of 2.622% and finished down -0.8 bp at 2.636%. The 10-year UK gilt yield fell to a 3-week low of 4.644% and finished down -1.7 bp to 4.658%.
The German Sep wholesale price index rose +1.2% y/y, the fastest pace in six months.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
Chipmakers rallied sharply higher on Monday, boosting the overall market. Broadcom (AVGO) closed more than +9% after OpenAI signed a multi-year agreement with the company to collaborate on custom chips and networking equipment. Also, ARM Holdings Plc (ARM) closed up more than +11% to lead gainers in the Nasdaq 100, and ON Semiconductor (ON) closed up more than +9%. In addition, Micron Technology (MU) and Microchip Technology (MCHP) closed up more than +6%, and ASML Holding NV (ASML), Qualcomm (QCOM), and NXP Semiconductors NV (NXPI) closed up more than +5%. Finally, Applied Materials (AMAT), ASML Holding NV (ASML), Lam Research (LRCX), KLA Corp (KLAC), Analog Devices (ADI), GlobalFoundries (GFS), and Marvell Technology (MRVL) closed up more than +4%.
The Magnificent Seven technology stocks rose on Monday as they recovered some of the losses from last Friday's plunge. Tesla (TSLA) closed up more than +5% and Alphabet (GOOGL) closed up more than +3%. Also, Nvidia (NVDA) closed up more than +2%, and Amazon.com (AMZN) and Meta Platforms (META) closed up more than +1%. In addition, Apple (AAPL) closed up +0.97% and Microsoft (MSFT) closed up +0.60%.
Rare earth stocks surged on Monday as fresh tensions between China and the US over China's exports of the minerals are boosting alternative suppliers. As a result, Critical Metals (CRML) closed up more than +53%, MP Materials (MP) closed up more than +21%, and Ramaco Resources (METC) closed up more than +11%.
Mining stocks moved higher on Monday, as the price of gold rose more than +3% to an all-time high and silver prices jumped more than +6% to a record high. As a result, Coeur Mining (CDE) closed up more than +8%. Also, Newmont (NEM closed up more than +5%, Freeport-McMoRan (FCX) closed up more than +4%, and Anglogold Ashanti Plc (AU) closed up more than +3%.
Estee Lauder (EL) closed up more than +5% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $115.
Ciena Corp (CIEN) closed up more than +5% after BNP Paribas Exane upgraded the stock to outperform from neutral with a price target of $185.
Warner Bros Discovery (WBD) closed up more than +4% after rejecting Paramount Skydance Corp's initial takeover offer as too low.
Stubhub Holdings (STUB) closed up more than +3% after Wedbush initiated coverage on the stock with a recommendation of outperform and a price target of $25.
Tvardi Therapeutics (TVRD) closed down sharply by more than -83% after a Phase 2 trial of its TI-101 to treat idiopathic pulmonary fibrosis failed to meet its goals.
Fastenal (FAST) closed down more than -7% to lead losers in the S&P 500 and Nasdaq 100 after reporting Q3 EPS of 29 cents, below the consensus of 30 cents.
US casino stocks with exposure to Macau are sliding today after Macau industry data showed gaming revenue for the Golden Week holiday was down -5% y/y. As a result, Las Vegas Sands (LVS) and Wynn Resorts Ltd (WYNN) closed down more than -6%.
Defensive food producers and beverage makers declined on Monday, following a broader market rebound. J M Smucker (SJM) and Monster Beverage (MNST) closed down more than -3%. Also, General Mills (GIS) and Conagra Brands (CAG) closed down more than -2%. In addition, Hershey (HSY), the Campbell's Company (CPB), and McCormick & Co. (MKC) closed down more than -1%.
Baldwin Insurance Group (BWIN) closed down more than -5% after BMO Capital Markets downgraded the stock to market perform from outperform.
PayPal Holdings (PYPL) closed down more than -1% after Goldman Sachs downgraded the stock to sell form neutral with a price target of $70.
Earnings Reports(10/14/2025)
Albertsons Cos Inc (ACI), Blackrock Inc (BLK), Citigroup Inc (C), Domino's Pizza Inc (DPZ), Goldman Sachs Group Inc/The (GS), Johnson & Johnson (JNJ), JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Sharply Higher on Trade Hopes and AI Optimism

The S&P 500 Index ($SPX) (SPY) today is up +1.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.97%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.52%. December E-mini S&P futures (ESZ25) are up +1.12%, and December E-mini Nasdaq futures (NQZ25) are up +1.48%.
Stock indexes are sharply higher today as they recover some of the losses from last Friday’s plunge. Asset markets are rebounding today after the Trump administration softened its rhetoric toward China. Chipmakers and AI infrastructure stocks are also rallying today, led by a +10% jump in Broadcom after OpenAI signed a multiyear agreement with the company to collaborate on custom chips and networking equipment, which could add 10 gigawatts’ worth of AI data center capacity.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
There is no trading in cash Treasuries today due to the Columbus Day holiday. The price of gold is up more than +2% today and has posted a new all-time high due to central bank buying, expectations for additional Fed rate cuts, and safe-haven demand from the US government shutdown, threats to the Fed’s independence, global trade tensions, and geopolitical risks.
The Trump administration signaled openness on Sunday to a trade deal with China in an attempt to ease trade tensions. Stocks plunged last Friday after President Trump threatened 100% tariffs on Chinese goods and restrictions on US software exports, effective November 1, in retaliation for China’s sweeping new curbs on exports of rare-earth materials and related technology.
Trade news from China was better than expected, a positive sign for global economic growth and a bullish factor for the stock market. China Sep exports rose +8.3% y/y, stronger than expectations of +6.6% y/y and the biggest increase in six months. Also, Sep imports rose +6.4% y/y, stronger than expectations of +1.8% y/y and the largest increase in 17 months.
Most stock indexes rallied to record highs last week on optimism that growth in the AI sector and spending on artificial intelligence will translate into corporate profits. Stocks are also underpinned by hopes that a resilient US economy and additional Fed easing will continue to support the economy.
The shutdown of the US government continues, weighing on market sentiment and delaying key economic reports. The government shutdown means delays in the release of government reports, including the last two weeks of weekly initial unemployment claims, the Aug US trade report, and the Sep nonfarm payrolls report. Last Friday, the Bureau of Labor Statistics (BLS) said that it will release the September consumer price report on October 24 if the government shutdown continues into Wednesday, when the Sep CPI report is scheduled for release. The White House has warned that if the government shutdown lingered, it would trigger widespread dismissals of employees in government programs that don’t align with President Trump’s priorities. Bloomberg Economics estimates that 640,000 federal workers will be furloughed during the shutdown, which would expand jobless claims and push the unemployment rate up to 4.7%.
The markets this week will focus on trade or tariff news and any attempts to reopen the government. On Tuesday, Fed Chair Powell delivers the keynote address at the NABE Annual Meeting. Also on Tuesday, major banks, including JPMorgan Chase, Goldman Sachs, Citigroup, and Wells Fargo & Co., will begin releasing their earnings results as the Q3 earnings season begins.
Rising corporate earnings expectations are a bullish backdrop for stocks. According to Bloomberg Intelligence, more than 22% of companies in the S&P 500 provided guidance for their Q3 earnings results that are expected to beat analysts’ expectations, the highest in a year. However, Q3 profits are expected to have risen by +7.2%, the smallest increase in two years. Also, Q3 sales growth is projected to slow to +5.9% from 6.4% in Q2.
The markets are pricing in a 99% chance of a -25 bp rate cut at the next FOMC meeting on Oct 28-29.
Overseas stock markets today are mixed. The Euro Stoxx 50 is up +0.33%. China’s Shanghai Composite fell to a 2.5-week low and closed down -0.19%. Japan’s Nikkei Stock 225 did not trade as markets in Japan are closed for the Health-Sports Day holiday.
Interest Rates
December 10-year T-notes (ZNZ5) today are down -5 ticks. Cash 10-year T-notes are not trading today, with the Treasury market closed for the Columbus Day holiday. Dec -T-notes are under pressure today from a sharp rebound in stocks, which curbs safe-haven demand for government debt securities. Losses in Dec T-notes are limited amid concerns about the ongoing US government shutdown, which could lead to additional job losses, reduced consumer spending, and a weakened US economy, potentially allowing the Fed to continue cutting interest rates.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 2-month low of 2.622% and is down -1.0 bp at 2.634%. The 10-year UK gilt yield fell to a 3-week low of 4.644% and is down -0.2 bp to 4.672%.
The German Sep wholesale price index rose +1.2% y/y, the fastest pace in six months.
Swaps are discounting a 2% chance for a -25 bp rate cut by the ECB at its next policy meeting on October 30.
US Stock Movers
Chipmakers are sharply higher today, boosting the overall market. Broadcom (AVGO) is up more than +10% to lead gainers in the S&P 500 and Nasdaq 100 after OpenAI signed a multiyear agreement with the company to collaborate on custom chips and networking equipment. Also, ON Semiconductor (ON) is up more than +6%, and Microchip Technology (MCHP) and ARM Holdings Plc (ARM) are up more than +5%. In addition, Micron Technology (MU), Lam Research (LRCX), and KLA Corp (KLAC) are up more than +4%, and Applied Materials (AMAT), ASML Holding NV (ASML), Qualcomm (QCOM), and NXP Semiconductors NV (NXPI) are up more than +3%. Finally, Analog Devices (ADI) and Marvell Technology (MRVL) are up more than +2%.
The Magnificent Seven technology stocks are moving higher today as they recover some of last Friday’s plunge. Nvidia (NVDA) and Tesla (TSLA) are up more than +2%. Also, Amazon.com (AMZN) and Alphabet (GOOGL) are up more than +1%. In addition, Apple (AAPL) is up +0.76%, Meta Platforms (META) is up more +0.68%, and Microsoft (MSFT) is up +0.36%.
Rare earth stocks are surging today as fresh tensions between China and the US over China’s exports of the minerals are boosting alternative suppliers. As a result, Critical Metals (CRML) is up more than +39%, MP Materials (MP) is up more than +25%, and Ramaco Resources (METC) is up more than +11%.
Mining stocks are rising today, with the price of gold up more than +2% to an all-time high and silver prices up more than +5%. As a result, Coeur Mining (CDE) is up more than +8%. Also, Newmont (NEM), Freeport-McMoRan (FCX), and Anglogold Ashanti Plc (AU) are up more than +3%.
Estee Lauder (EL) is up more than +4% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $115.
Warner Bros Discovery (WBD) is up more than +4% after rejecting Paramount Skydance Corp’s initial takeover offer as too low.
Ciena Corp (CIEN) is up more than +4% after BNP Paribas Exane upgraded the stock to outperform from neutral with a price target of $185.
Stubhub Holdings (STUB) is up more than +4% after Wedbush initiated coverage on the stock with a recommendation of outperform and a price target of $25.
Tvardi Therapeutics (TVRD) is down sharply by more than -84% after a Phase 2 trial of its TI-101 to treat idiopathic pulmonary fibrosis failed to meet its goals.
Fastenal (FAST) is down more than -6% to lead losers in the S&P 500 and Nasdaq 100 after reporting Q3 EPS of 29 cents, below the consensus of 30 cents.
US casino stocks with exposure to Macau are sliding today after Macau industry data showed gaming revenue for the Golden Week holiday was down -5% y/y. As a result, Las Vegas Sands (LVS) is down more than -5% and Wynn Resorts Ltd (WYNN) is down more than -4%.
Defensive food producers and beverage makers are declining today as the broader market rebounds. Hershey (HSY), Conagra Brands (CAG), J M Smucker (SJM), and Monster Beverage (MNST) are down more than -2%.
PayPal Holdings (PYPL) is down more than -2% after Goldman Sachs downgraded the stock to sell form neutral with a price target of $70.
Baldwin Insurance Group (BWIN) is down more than -1% after BMO Capital Markets downgraded the stock to market perform from outperform.
Earnings Reports(10/13/2025)
Fastenal Co (FAST), Lionsgate Studios Corp (LION).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.