American Resources Corporation (NASDAQ:AREC) Receives $6.00 Average Target Price from Analysts

American Resources Corporation (NASDAQ:AREC) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.00.

A number of brokerages recently issued reports on AREC. Weiss Ratings raised American Resources from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of American Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th.

American Resources Trading Up 1.9%

AREC opened at $2.15 on Tuesday. The stock has a market capitalization of $229.99 million, a PE ratio of -5.24 and a beta of 1.09. American Resources has a one year low of $0.63 and a one year high of $7.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.19 and a current ratio of 2.19. The business’s 50 day moving average price is $2.28 and its 200 day moving average price is $2.76.

American Resources (NASDAQ:AREC) last posted its earnings results on Tuesday, May 19th. The company reported $0.75 EPS for the quarter. The business had revenue of ($0.10) million during the quarter. As a group, equities research analysts expect that American Resources will post -0.34 EPS for the current year.

Hedge Funds Weigh In On American Resources

A number of hedge funds have recently made changes to their positions in AREC. Northwest Financial Advisors acquired a new stake in American Resources in the 3rd quarter valued at approximately $27,000. MSH Capital Advisors LLC acquired a new position in American Resources during the fourth quarter worth $25,000. CTC Alternative Strategies Ltd. acquired a new position in American Resources during the first quarter worth $25,000. Jump Financial LLC purchased a new position in shares of American Resources during the fourth quarter worth $30,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of American Resources in the third quarter valued at $33,000. Hedge funds and other institutional investors own 9.32% of the company’s stock.

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.