American Resources (NASDAQ:AREC) Given “Buy” Rating at Roth Mkm

American Resources (NASDAQ:AREC)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Mkm in a note issued to investors on Friday, Benzinga reports. They presently have a $5.00 price objective on the stock. Roth Mkm’s target price would indicate a potential upside of 300.00% from the stock’s current price.

American Resources Stock Performance

Shares of NASDAQ AREC traded down $0.01 during midday trading on Friday, hitting $1.25. The company’s stock had a trading volume of 96,790 shares, compared to its average volume of 227,430. The firm has a market capitalization of $96.74 million, a price-to-earnings ratio of -9.54 and a beta of 0.41. The company has a current ratio of 0.30, a quick ratio of 1.93 and a debt-to-equity ratio of 230.66. The stock has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.46. American Resources has a one year low of $1.20 and a one year high of $2.16.

American Resources (NASDAQ:AREC) last posted its quarterly earnings results on Monday, May 20th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. American Resources had a negative return on equity of 978.72% and a negative net margin of 179.75%. The firm had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.10 million. During the same period last year, the company earned ($0.04) earnings per share. On average, research analysts forecast that American Resources will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On American Resources

An institutional investor recently raised its position in American Resources stock. Vanguard Group Inc. grew its holdings in shares of American Resources Co. (NASDAQ:AREC) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,988,101 shares of the company’s stock after acquiring an additional 216,800 shares during the quarter. Vanguard Group Inc. owned about 3.77% of American Resources worth $4,213,000 at the end of the most recent quarter. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.