American Resources (AREC) Projected to Post Quarterly Earnings on Friday

American Resources (NASDAQ:AREC) is expected to issue its results after the market closes on Friday, March 27th. Analysts expect the company to announce earnings of ($0.0912) per share and revenue of $0.5050 million for the quarter.

American Resources Stock Performance

Shares of NASDAQ AREC opened at $2.54 on Thursday. American Resources has a 1 year low of $0.38 and a 1 year high of $7.11. The firm has a market cap of $271.60 million, a P/E ratio of -6.20 and a beta of 1.02. The stock has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.18.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AREC. Vanguard Group Inc. boosted its position in shares of American Resources by 4.0% in the third quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company’s stock worth $8,437,000 after buying an additional 120,065 shares during the period. Geode Capital Management LLC raised its position in American Resources by 23.4% during the fourth quarter. Geode Capital Management LLC now owns 851,394 shares of the company’s stock valued at $2,112,000 after buying an additional 161,221 shares during the period. Janney Montgomery Scott LLC raised its position in American Resources by 12.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 633,898 shares of the company’s stock valued at $1,572,000 after buying an additional 69,944 shares during the period. Millennium Management LLC purchased a new stake in American Resources in the 3rd quarter worth about $1,524,000. Finally, Goldman Sachs Group Inc. lifted its stake in American Resources by 354.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 560,986 shares of the company’s stock worth $1,391,000 after acquiring an additional 437,578 shares in the last quarter. Institutional investors own 9.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. D. Boral Capital restated a “buy” rating and issued a $6.00 price objective on shares of American Resources in a report on Monday, December 1st. Maxim Group initiated coverage on American Resources in a report on Wednesday, November 26th. They set a “buy” rating and a $7.00 target price on the stock. Wall Street Zen upgraded shares of American Resources from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of American Resources in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Resources presently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

About American Resources

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.