Welcome to our dedicated page for Ramaco Resources Class B news (Ticker: METCB), a resource for investors and traders seeking the latest updates and insights on Ramaco Resources Class B stock.
Ramaco Resources, Inc. is a United States-based company that operates as a metallurgical coal company with operations in West Virginia and Virginia. Its portfolio includes properties like Elk Creek, Berwind, Knox Creek, and Maben, strategically located to serve North American and international consumers. Additionally, the company explores rare earth elements and coal-to-carbon-based products, with active mines in Central Appalachia and a rare earth mine near Sheridan, Wyoming.
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Ramaco Resources, Inc. (NASDAQ: METC) updates the market on the Baltimore bridge collapse, expressing sympathy but confirming no impact on operations. The Company's export activities continue smoothly through unaffected ports.
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Ramaco Resources, Inc. (NASDAQ: METC) announces the publication of an Updated Technical Report Summary for the Brook Mine rare earth opportunity. The report reveals a significant increase in rare earth tonnage volume and concentrations, with concentrations averaging almost 550 parts per million. The deposit also contains gallium and germanium, critical minerals recently banned for export by China. The company will host an investor conference call to discuss the findings in detail.
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Ramaco Resources, Inc. (METC) reported strong financial results for Q4 2023 with adjusted EBITDA of $58.5 million, net income of $30.0 million, and record liquidity of $91 million. The company repaid debt, increased sales commitments, and raised guidance for 2024. Management highlights growth trajectory and debt reduction.
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Ramaco Resources, Inc. (NASDAQ: METC) announces strong fourth quarter and annual 2023 financial results, with net income exceeding $80 million and record coal sales. The company increases its 2024 coal sales and production guidance, showcasing a significant commitment to export markets. Additionally, Ramaco purchases a preparation plant for the Maben Complex, aiming to reduce costs and enhance operational efficiency.
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Ramaco Resources, Inc. (NASDAQ: METC) has hired Evan H. Jenkins, former Chief Justice of the West Virginia Supreme Court, as its new General Counsel. The company also announced the promotion of Tyler Adkins to Senior Vice President of Law. Jenkins brings extensive legal and legislative experience to Ramaco, having served in various government and business roles. The company also declared a quarterly cash dividend for Class B shares and announced a 10% increase in the Class A dividend.
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Ramaco Resources, Inc. (NASDAQ: METC) announced an increase in the Class A dividend by 10% and provided initial 2024 guidance. The company expects production volumes between 3.9 – 4.4 million tons, with sales commitments of over 2 million tons for delivery in 2024. They also anticipate sales to exceed production by at least 0.2 million tons and provided updates on cash cost of sales, capital expenditures, administrative costs, and rare earth element exploration.
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METC - Ramaco Resources, Inc. Reports $19.5 Million Net Income in Q3 2023, 39% Increase in Tons Sold, and $50 Million Debt Repayment
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Ramaco Resources provides operational and financial update for Q3 2023, expects increase in net income and Adjusted EBITDA. Raises full-year 2023 coal shipment guidance. Declares Q4 dividend for Class A common stock and increases dividend for Class B tracking stock. Updates on rare earth element developments at Brook Mine.
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Ramaco Resources, Inc. (NASDAQ: METC, METCB) reported financial results for Q2 2023, with net income of $7.6 million and Adjusted EBITDA of $30.0 million. The company experienced transportation issues with rail companies, impacting net income and Adjusted EBITDA. The Class B CORE Resources tracking shares began trading and have increased over 65%. The company approved $2.5 million for additional mine development. 2023 production guidance is 3.0 - 3.5 million tons, with sales guidance at 3.1 - 3.6 million tons. U.S. metallurgical coal spot pricing is down over 20% from H1 2023.
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Ramaco Resources, Inc. (METC) announces a 50% increase in unconventional rare earth element deposits at its Brook Mine property in Wyoming. The company also plans to begin initial mine development in Q4 2023, with a focus on rare earth and coal mining. Additionally, Ramaco has developed patented technologies to commercialize high-value carbon products using coal as feedstock.
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FAQ
What is the current stock price of Ramaco Resources Class B (METCB)?
The current stock price of Ramaco Resources Class B (METCB) is $10.42 as of September 6, 2024.
What is the market cap of Ramaco Resources Class B (METCB)?
The market cap of Ramaco Resources Class B (METCB) is approximately 546.5M.
Where is Ramaco Resources, Inc. headquartered?
Ramaco Resources, Inc. is headquartered in Lexington, Kentucky.
What are the key properties of Ramaco Resources, Inc.?
The key properties of Ramaco Resources, Inc. include Elk Creek, Berwind, Knox Creek, and Maben, strategically located to serve North American blast furnace steel mills and coke plants.
What does Ramaco Resources, Inc. focus on in its operations?
Ramaco Resources, Inc. focuses on metallurgical coal production and exploration of rare earth elements and coal-to-carbon-based products.
How many active mining complexes does Ramaco Resources, Inc. currently have?
Ramaco Resources, Inc. currently has four active mining complexes in Central Appalachia.
What recent changes have been made in Ramaco Resources, Inc.'s leadership?
Ramaco Resources, Inc. has recently made several leadership changes to support and accelerate the company's growth, including realigning its senior team and hiring new executives.
Ramaco Resources, Inc. Class B
Nasdaq:METCB
METCB Rankings
METCB Stock Data
546.51M
8.72M
10.06%
57.7%
0.08%
Coking Coal
Bituminous Coal & Lignite Mining
United States of America
LEXINGTON