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

Shares of American Resources Corporation (NASDAQ:AREC) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.00.

AREC has been the topic of several recent analyst reports. Weiss Ratings lowered American Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, June 11th. Wall Street Zen cut American Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp boosted its position in shares of American Resources by 13.8% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 64,200 shares of the company’s stock worth $159,000 after buying an additional 7,800 shares during the period. State of Wyoming boosted its position in shares of American Resources by 63.9% during the first quarter. State of Wyoming now owns 21,348 shares of the company’s stock worth $52,000 after buying an additional 8,320 shares during the period. MSH Capital Advisors LLC acquired a new position in shares of American Resources during the fourth quarter worth about $25,000. CTC Alternative Strategies Ltd. acquired a new position in shares of American Resources during the first quarter worth about $25,000. Finally, Worth Venture Partners LLC raised its holdings in American Resources by 45.0% during the third quarter. Worth Venture Partners LLC now owns 36,250 shares of the company’s stock worth $98,000 after acquiring an additional 11,250 shares in the last quarter. 9.32% of the stock is owned by institutional investors and hedge funds.

American Resources Stock Performance

AREC stock opened at $2.08 on Friday. The business’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.69. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.14. The firm has a market cap of $222.50 million, a PE ratio of -5.07 and a beta of 1.09. American Resources has a 1-year low of $0.77 and a 1-year high of $7.11.

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

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.