American Resources Corporation (NASDAQ:AREC) Receives $6.00 Average Target Price from Analysts

American Resources Corporation (NASDAQ:AREC) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has given a strong buy recommendation 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 a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a report on Wednesday, January 21st. D. Boral Capital restated a “buy” rating and issued a $6.00 price objective on shares of American Resources in a report on Monday, December 1st. William Blair initiated coverage on American Resources in a report on Monday, October 20th. They set an “outperform” rating for the company. Maxim Group started coverage on shares of American Resources in a research report on Wednesday, November 26th. They set a “buy” rating and a $7.00 target price for the company. Finally, Wall Street Zen raised shares of American Resources from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th.

American Resources Stock Performance

AREC opened at $3.16 on Wednesday. American Resources has a 1 year low of $0.38 and a 1 year high of $7.11. The company’s 50 day simple moving average is $3.04 and its 200 day simple moving average is $2.78. The stock has a market capitalization of $320.39 million, a PE ratio of -7.71 and a beta of 1.13.

American Resources (NASDAQ:AREC) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.01 million. As a group, sell-side analysts expect that American Resources will post -0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Properties Ltd. Golden sold 290,000 shares of the stock in a transaction on 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 in the company, valued at approximately $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 accessible through the SEC website. Over the last three months, insiders have sold 1,564,818 shares of company stock worth $6,344,379. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Resources

Several institutional investors and hedge funds have recently modified their holdings of AREC. Northwest Financial Advisors acquired a new stake in shares of American Resources in the third quarter valued at about $27,000. Belvedere Trading LLC purchased a new position in American Resources in the 3rd quarter worth approximately $30,000. Worth Venture Partners LLC boosted its holdings in American Resources by 45.0% in the 3rd 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 period. Nomura Holdings Inc. acquired a new stake in American Resources in the third quarter valued at approximately $33,000. Finally, Beacon Investment Advisory Services Inc. purchased a new stake in shares of American Resources during the fourth quarter valued at approximately $37,000. 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.