Brokerages Set American Resources Corporation (NASDAQ:AREC) Price Target at $6.00

American Resources Corporation (NASDAQ:AREC) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.00.

Several analysts have recently commented on the stock. Roth Capital reiterated a “buy” rating and issued a $5.00 price target on shares of American Resources in a research report on Monday, October 13th. D. Boral Capital reiterated a “buy” rating and set a $6.00 target price on shares of American Resources in a report on Monday, December 1st. Maxim Group began coverage on American Resources in a report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 price target for the company. Wall Street Zen upgraded American Resources from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, October 8th.

Insider Activity at American Resources

In other news, major shareholder Properties Ltd. Golden sold 290,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $4.13, for a total value of $1,197,700.00. Following the completion of the transaction, the insider owned 10,288,832 shares of the company’s stock, valued at $42,492,876.16. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 2,564,818 shares of company stock worth $10,405,579 in the last ninety days. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northwest Financial Advisors acquired a new stake in shares of American Resources during the third quarter worth $27,000. Belvedere Trading LLC purchased a new position in American Resources during the third quarter worth about $30,000. Worth Venture Partners LLC boosted its stake in American Resources by 45.0% in the 3rd quarter. Worth Venture Partners LLC now owns 36,250 shares of the company’s stock worth $98,000 after buying an additional 11,250 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in American Resources in the 3rd quarter valued at about $33,000. Finally, Creative Planning increased its stake in shares of American Resources by 65.5% during the 2nd quarter. Creative Planning now owns 37,892 shares of the company’s stock valued at $31,000 after acquiring an additional 15,000 shares during the last quarter. 9.32% of the stock is currently owned by institutional investors and hedge funds.

American Resources Price Performance

American Resources stock opened at $3.25 on Friday. American Resources has a 12 month low of $0.38 and a 12 month high of $7.11. The business has a 50 day simple moving average of $2.99 and a 200-day simple moving average of $2.43. The stock has a market capitalization of $329.52 million, a PE ratio of -7.93 and a beta of 1.13.

American Resources (NASDAQ:AREC) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.01 million. As a group, equities research analysts anticipate that American Resources will post -0.38 EPS for the current year.

American Resources Company Profile

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.