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

Shares of American Resources Corporation (NASDAQ:AREC) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.00.

AREC has been the topic of several research reports. William Blair initiated coverage on shares of American Resources in a research report on Monday, October 20th. They set an “outperform” rating on the stock. Wall Street Zen upgraded American Resources from a “sell” rating to a “hold” rating in a research report on Sunday. Maxim Group initiated coverage on American Resources in a research report on Wednesday, November 26th. They set a “buy” rating and a $7.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, January 21st. Finally, D. Boral Capital reiterated a “buy” rating and set a $6.00 price target on shares of American Resources in a research report on Monday, December 1st.

American Resources Stock Up 5.4%

NASDAQ:AREC opened at $3.92 on Wednesday. The stock has a market cap of $397.45 million, a P/E ratio of -9.56 and a beta of 1.13. The business’s 50-day moving average price is $2.99 and its two-hundred day moving average price is $2.75. American Resources has a twelve month low of $0.38 and a twelve month high of $7.11.

American Resources (NASDAQ:AREC) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.05. The company had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.01 million. On average, equities research analysts expect that American Resources will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other American Resources news, major shareholder Properties Ltd. Golden sold 390,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $4.03, for a total value of $1,571,700.00. Following the completion of the sale, the insider directly owned 10,784,940 shares of the company’s stock, valued at $43,463,308.20. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 1,564,818 shares of company stock valued at $6,344,379. 16.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Northwest Financial Advisors purchased a new stake in American Resources during the 3rd quarter valued at about $27,000. Belvedere Trading LLC bought a new stake in American Resources in the third quarter valued at approximately $30,000. Nomura Holdings Inc. purchased a new stake in shares of American Resources during the third quarter valued at approximately $33,000. Beacon Investment Advisory Services Inc. purchased a new position in shares of American Resources in the fourth quarter worth $37,000. Finally, Bank of America Corp DE increased its stake in shares of American Resources by 3,721.8% in the third quarter. Bank of America Corp DE now owns 19,797 shares of the company’s stock worth $53,000 after buying an additional 19,279 shares during the period. 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.