Ramaco Resources (METC) Credit Facility Expansion Draws Bullish Analyst Opinions

Core Viewpoint - Ramaco Resources Inc. (NASDAQ:METC) is identified as a promising high-upside materials stock, with recent upgrades from analysts indicating positive sentiment towards the company's potential growth and market conditions [1][2]. Group 1: Analyst Upgrades and Price Targets - Jefferies upgraded Ramaco Resources Inc. from Hold to Buy, adjusting its price target to $30.00 from $33.00, citing potential upside risk to coal price assumptions [1]. - Robert W. Baird analyst Ben Kallo maintained a Buy rating on Ramaco Resources Inc. and set a higher price target of $40 [2]. Group 2: Coal Price Forecasts - Jefferies forecasts coal prices at $198 per ton for the current year, which is below the current futures price of $245 per ton, indicating a potential upside for the company [1]. Group 3: Geopolitical Risks and Project Concerns - Ongoing geopolitical risks related to critical minerals were noted as positive factors for the company, contributing to the rating improvement despite a price target reduction due to risks associated with the Brook project [2]. Group 4: Financial Developments - Ramaco Resources Inc. announced that its principal lender, KeyBank, increased total commitments under its amended revolving credit agreement to $500 million, extending the maturity date to 2030 [3]. - The expanded facility includes a $350 million revolving commitment and a $150 million accordion feature, up from the previous $200 million commitment with a $75 million accordion feature [3]. Group 5: Company Overview - Ramaco Resources Inc. develops, operates, and sells metallurgical coal to blast furnace steel mills and coke plants in North America and to international customers [4].