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

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

A number of analysts have issued reports on the company. Wall Street Zen raised American Resources from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. Maxim Group initiated coverage on shares of American Resources in a report on Wednesday, November 26th. They issued a “buy” rating and a $7.00 target price on the stock. D. Boral Capital reaffirmed a “buy” rating and set a $6.00 price target on shares of American Resources in a report on Monday, December 1st. William Blair initiated coverage on shares of American Resources in a research report on Monday, October 20th. They set an “outperform” rating for the company. Finally, Roth Capital reissued a “buy” rating and issued a $5.00 price target on shares of American Resources in a research report on Monday, October 13th.

Insider Activity

In related news, major shareholder Properties Ltd. Golden sold 290,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $4.13, for a total value of $1,197,700.00. Following the completion of the sale, the insider directly owned 10,288,832 shares of the company’s stock, valued at $42,492,876.16. This represents a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 2,564,818 shares of company stock valued at $10,405,579. 16.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Resources

Large investors have recently modified their holdings of the company. Worth Venture Partners LLC grew its position in shares of 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 during the last quarter. Nomura Holdings Inc. purchased a new position in American Resources during the 3rd quarter worth $33,000. Millennium Management LLC acquired a new position in American Resources in the third quarter valued at $1,524,000. Bank of America Corp DE increased its stake in 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 valued at $53,000 after purchasing an additional 19,279 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of American Resources in the third quarter valued at about $790,000. 9.32% of the stock is owned by institutional investors and hedge funds.

American Resources Stock Performance

Shares of American Resources stock opened at $2.72 on Friday. The stock has a 50 day moving average of $2.99 and a 200 day moving average of $2.40. The firm has a market capitalization of $275.79 million, a price-to-earnings ratio of -6.63 and a beta of 1.12. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $7.11.

American Resources (NASDAQ:AREC) last posted its earnings results on Friday, November 14th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The business had revenue of $0.05 million during the quarter, compared to analysts’ expectations of $0.01 million. Analysts forecast that American Resources will post -0.38 EPS for the current year.

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.