American Resources Corporation (NASDAQ:AREC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of American Resources Corporation (NASDAQ:AREC) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

AREC has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of American Resources from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded shares of American Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th.

American Resources Stock Up 17.3%

Shares of NASDAQ:AREC opened at $2.58 on Tuesday. 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 company has a market cap of $275.99 million, a PE ratio of -6.29 and a beta of 1.14. American Resources has a 52 week low of $0.63 and a 52 week high of $7.11. The firm has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AREC. MSH Capital Advisors LLC bought a new position in shares of American Resources during the 4th quarter valued at $25,000. CTC Alternative Strategies Ltd. bought a new position in shares of American Resources during the 1st quarter valued at $25,000. Northwest Financial Advisors bought a new position in shares of American Resources during the 3rd quarter valued at $27,000. SummitTX Capital L.P. bought a new position in shares of American Resources during the 1st quarter valued at $30,000. Finally, Jump Financial LLC bought a new position in shares of American Resources during the 4th quarter valued at $30,000. 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.