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

American Resources Corporation (NASDAQ:AREC) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.00.

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of American Resources from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, June 11th.

Institutional Investors Weigh In On American Resources

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in American Resources by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,124,973 shares of the company’s stock worth $8,437,000 after acquiring an additional 120,065 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in American Resources in the fourth quarter valued at approximately $5,750,000. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 161,221 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of 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 purchasing an additional 69,944 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of American Resources during the third quarter valued at approximately $1,524,000. 9.32% of the stock is currently owned by hedge funds and other institutional investors.

American Resources Price Performance

AREC opened at $1.74 on Wednesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.14. American Resources has a 52-week low of $1.00 and a 52-week high of $7.11. The company has a 50 day moving average of $2.05 and a two-hundred day moving average of $2.59. The company has a market cap of $186.13 million, a P/E ratio of -4.24 and a beta of 1.11.

American Resources (NASDAQ:AREC) last released its quarterly earnings data on Tuesday, May 19th. The company reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of ($0.10) million during the quarter. On average, analysts expect that American Resources will post -0.44 earnings per share for the current year.

American Resources Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Saturday, August 15th will be paid a $0.0431 dividend. The ex-dividend date is Friday, August 14th.

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.