16 Stocks Jim Cramer Recently Talked About

9. Ramaco Resources, Inc. (NASDAQ:METC)

Number of Hedge Fund Holders: 14

Ramaco Resources, Inc. (NASDAQ:METC) is one of the stocks Jim Cramer recently talked about. Cramer said that he is not going to recommend the stock because he thinks “we missed the move.” He commented:

“The question now is whether or not it’s worth chasing this thing after such a spectacular rally. I gotta say, I wish I had found it earlier, of course. At this point, though, I don’t feel comfortable recommending the stock after such an extreme parabolic move. You know, I don’t like parabolas. It would be one thing if Ramaco had a decent core business that could provide steady profits and cash flow while the growth projects in rare earths gradually ramped up. But if you look at the numbers over the last couple of years, the core coal business is really bad…

The last thing that gives me pause here is the company’s dual class share structure, which is confusing as is its inconsistent dividend strategy… But there’s one big caveat here that makes me hesitate to go negative on Ramaco Resources even after this run. This company feels like the kind of company that the Trump administration might be willing to take a stake in… Every time one of… those US government stakes has been announced, stock in question skyrockets. And given that the government proactively asked Ramaco to expand its rare earth project from Wyoming, I’d say it’s certainly a possibility here that would happen. Woo. It’ll go up even more, major pop. So here’s the bottom line: I’m not going to recommend Ramaco right now because I feel like we missed the move. The core business still appears troubled. The growth business is far in the future, and the corporate structure’s confusing.”

Ramaco Resources, Inc. (NASDAQ:METC) produces and sells metallurgical coal used by steel mills and coke plants.