Ramaco Resources, Inc. (METCB)

Silver Ores

Latest Price

$5.44

TTM P/E

Normalized P/E

20.26

Div Yield

Book Value

7.60

P/B Ratio

0.72

Valuation metrics

Norm. op. income: $30M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$4.69

14% downside

Base FCF: $61M (median of recent 5yr)

Growth: 20%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$73.56

+1252% upside

28.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
First Eagle Investment Management, LLC	612.1K	$5.0M	5.38%	+66.9K	2026-06-30
BlackRock, Inc.	492.3K	$4.0M	4.33%	+392.2K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	361.3K	$3.0M	3.18%	+33.7K	2026-06-30
MORGAN STANLEY	333.1K	$2.0M	2.93%	+12.9K	2026-06-30
Simcoe Capital LLC	171.1K	$1.0M	1.50%	+5.3K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	164.1K	$1.0M	1.44%	+3.2K	2026-06-30
DISCOVERY CAPITAL MANAGEMENT, LLC / CT	128.9K	$1.0M	1.13%	+1.5K	2026-06-30
AMERICAN CENTURY COMPANIES INC	116.0K	--	1.02%	-19.4K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	113.8K	--	1.00%	-16.1K	2026-06-30
South Dakota Investment Council	88.3K	--	0.78%	+385	2026-06-30